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Environment committee We have looked at our portfolio of the future and indicated how we would like to pivot that. That results in the teams having very clear capital allocations for the purposes of clean technology. It's linked as well to our statement saying that we are not supporting new internatio
April 26th, 2022Committee meeting
Mairead Lavery
Environment committee Thank you, Mr. Dreeshen, for your comments and for the question. As I mentioned in my remarks, we think of this situation, the economy and environment, as two sides of the same coin. You can't address one without the other. There are economic opportunities and challenges linked
April 26th, 2022Committee meeting
Mairead Lavery
Environment committee I would just say that very often we work in support of commercial partners, particularly the banks—the Canadian banks—so we are always operating at market rates. They may change depending on the outlook or the situation within a respective company, but we are very careful to ensu
April 26th, 2022Committee meeting
Mairead Lavery
Environment committee Yes, I can.
April 26th, 2022Committee meeting
Mairead Lavery
Environment committee Mr. Chair, honourable members, it's a pleasure to join you today, to assist the committee in its study of subsidies relating to the oil and gas sector, and to provide some insight into Export Development Canada's role in this industry. This is a role rooted in EDC's mandate, whi
April 26th, 2022Committee meeting
Mairead Lavery
Subcommittee on International Human Rights committee As I said at the outset, we support more than 24,000 Canadian companies and a number of international companies as well. We rely on our due diligence processes to ensure that the companies have made human rights impacts around the world. We can [Technical difficulty—Editor] to
March 23rd, 2021Committee meeting
Mairead Lavery
Subcommittee on International Human Rights committee I am personally not aware of any company that EDC is supporting that is violating human rights.
March 23rd, 2021Committee meeting
Mairead Lavery
Subcommittee on International Human Rights committee No, I would not say that. That is one of the points we use as a point of reference. Of course, that would be the person we're transacting with, so we want to get his or her perspective and details on it. We will also continue to scan the media. We will work with some of our civ
March 23rd, 2021Committee meeting
Mairead Lavery
Subcommittee on International Human Rights committee In my opinion it does affect the brand. Certainly in my discussions at international fora, the question is often raised to me with respect to the legacy that some Canadian companies have left around the world. Therefore, they're asking me what is different and what is EDC doing t
March 23rd, 2021Committee meeting
Mairead Lavery
Subcommittee on International Human Rights committee At EDC the due diligence process is working as planned. It is highlighting where there may be issues and where there may be the potential for severe risks. That is leading us to have conversations with the customers before we support them or we support a transaction, to ensure th
March 23rd, 2021Committee meeting
Mairead Lavery
Subcommittee on International Human Rights committee Perhaps I could break it down into a couple of different components. There is the component with respect to the gender element to your question. We absolutely agree; in our due diligence with respect to human rights, we are very clear that our due diligence covers vulnerable peop
March 23rd, 2021Committee meeting
Mairead Lavery
Subcommittee on International Human Rights committee Under our environmental and social risk management framework, we arrive with an environmental and social action plan. We would have included those items in the loan documentation, very specifically in our financing operations, and then it's a commitment. We continue with enhanced
March 23rd, 2021Committee meeting
Mairead Lavery
Subcommittee on International Human Rights committee I don't have the specific names to comment on, Minister McKay, but we consistently apply our due diligence processes, and if we had concerns of that nature we would not be entering into the transactions.
March 23rd, 2021Committee meeting
Mairead Lavery
Subcommittee on International Human Rights committee Mr. Reid, I should perhaps start by distinguishing the nature of the work we do. A number of our customers are repeat customers, so we have an ongoing relationship with them. Then we have customers who are coming to us for the first time. It's quite a different process for us. We
March 23rd, 2021Committee meeting
Mairead Lavery
Subcommittee on International Human Rights committee It should be becoming public around the end of April or the start of May.
March 23rd, 2021Committee meeting
Mairead Lavery