International Petroleum Corporation (IPC) is an entrepreneurial, value-driven team bringing energy to the world in a sustainable way. With the Lundin Foundation’s support, the company is building its sustainability practices to responsibly develop its assets in Canada, France, and Malaysia, minimizing environmental impacts and supporting the economic and social well-being of stakeholders and communities in which it works.
In 2024, the Lundin Foundation played a pivotal role in preparing IPC to respond to evolving international sustainability regulations and disclosure frameworks, including the European Union’s Corporate Sustainability Reporting Directive (CSRD). The Lundin Foundation led IPC through their first Double Materiality Assessment, a critical process that gathered comprehensive insights from across global operations, including Canada, France, Malaysia, and Switzerland.
Additionally, the Lundin Foundation conducted a comprehensive CSRD gap analysis and worked collaboratively with IPC to develop detailed timelines, priority actions, and phased roadmaps aimed at closing the identified gaps. These plans were designed to support compliance while strengthening IPC’s broader reporting systems. This collaborative effort ensured IPC had a clear and actionable plan to achieve alignment with CSRD.
To build internal capacity, IPC and the Lundin Foundation coordinated targeted third-party training sessions for managers across departments. These sessions ensured participants were fully versed in CSRD technical requirements and reporting expectations.
Another significant milestone was the initiation of a climate transition plan, laying the groundwork for IPC’s long-term sustainability goals.
In 2024, the Lundin Foundation remained focused on providing IPC with the tools, knowledge, and forward-looking strategies needed to navigate an increasingly complex sustainability landscape with confidence and credibility.
“The Lundin Foundation has been a tremendous support to IPC in our sustainability and community investment strategy development. By working with the Foundation, we can draw on resources and expertise that are beyond our internal capacities and elevate our teams’ understanding of key sustainability topics impacting our business.”
– Zoë Falquet, Sustainability Manager, IPC
UN Sustainable Development Goals
Our initiatives strive to improve people's lives and protect the planet and are in support of the following UN SDGs:
