Canada's Auditor General ("AG") released an environmental report on Export Development Canada ("EDA") in June 2009. In general, the AG found that EDC's environmental review processes were addressing most elements of the Equator Principles, the requirements of the OECD's Common Approaches and all but one of the standard elements used by other G7 export credit agencies. The AG also found that EDC had responded to the recommendations made during the previous audit conducted in 2004.
EDC was reported to be monitoring and reporting on environmental obligations, analyzing short term credit insurance product risk from the environmental perspective, ensuring staff had appropriate skills and training, and properly implementing its Environmental Review Directive. EDC was urged to consider emerging areas such as tracking of greenhouse gas emissions from the projects that it financed. The report is available at http://www.oag-bvg.gc.ca/internet/English/parl_otp_200906_e_32632.html.