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International Trade committee  As I said, we use a risk-based approach at EDC to review all the transactions that come in. When we identify particular risk indicators, such as when there are indications because of a country or because of a sector that there might be more severe impacts in the environment or to the human rights of the people on the ground, then we will undertake due diligence with the customers.

February 13th, 2023Committee meeting

Sophie Roy

International Trade committee  Maybe I can provide a little more information on how we actually conduct our due diligence on these transactions. As I said at the beginning, for the mining sector or for any other sector that we deal with at EDC, we look at the risk indicators and we prioritize the transactions that are of higher risk.

February 13th, 2023Committee meeting

Sophie Roy

International Trade committee  There would be different ways for us to be made aware of such a situation. We could learn about it through the notification of our own customer, EDC's annual review of certain products, adverse media coverage that we track on a nightly basis, or credible third party criticism that we will take very seriously, obviously.

February 13th, 2023Committee meeting

Sophie Roy

International Trade committee  We have a robust due diligence framework for both environmental impacts and human rights impacts at EDC. Every transaction we support needs to go through this process. We take a risk-based approach and we prioritize transactions that have the potential of having severe human rights risks or impacts for further due diligence.

February 13th, 2023Committee meeting

Sophie Roy

International Trade committee  Yes, absolutely. We'll be happy to provide that to you. All of our due diligence processes are accessible on our website as well, but we'll be happy to circle back with the committee.

February 13th, 2023Committee meeting

Sophie Roy

International Trade committee  Good morning, and thank you for your question. We're not in a position to attest today if the trade commissioners office actually follows process or provides support to companies with regard to the application of its own policies. Whenever we intervene and provide support to companies, we conduct our own due diligence to ensure that the companies are meeting our own standards to gain our support.

February 13th, 2023Committee meeting

Sophie Roy

International Trade committee  I'm sorry, but I'm getting an echo. Can you please repeat the question?

February 13th, 2023Committee meeting

Sophie Roy

International Trade committee  No, so we are not responsible for a trade commissioners office's support for Canadian companies. We are not aware of its due diligence process or when it does not provide support.

February 13th, 2023Committee meeting

Sophie Roy