The Power
of Community

Learn how our solutions are powering lasting sustainable impacts in our
2019 Annual Report
.

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A Message From Our Chair

I am pleased to present the Lundin Foundation’s 2019 Annual Report – the Power of the Community.

Throughout 2019, the Foundation’s strategic programming created long-lasting and scalable economic benefits for the communities in which our companies operate. We provided $5.6M USD of funding and assistance to 700 small businesses that generated more than $55M USD in revenue and supported 2,700 jobs.

Looking ahead at 2020, I am struck by the scale of the social and economic devastation of the COVID-19 pandemic. The Foundation has refocused its programming to support corporate and community partners in responding to the evolving crisis. Our commitment to unlocking economic resilience in local communities is more important than ever as we look ahead at a path to recovery.

Lukas H. Lundin
Chair
Lukas Lundin

I am proud that the Foundation and Lundin Gold received the 2019 Sustainable Development Goals’ Leadership Award from the UN Global Compact Network Canada.

About Us

At the Lundin Foundation, we craft customized solutions to empower communities and foster new generations of entrepreneurs. By leveraging the collective strength of the Lundin Group, we produce long-term, sustainable impacts.

Since our 2007 inception, we have disbursed more than $72.6M USD into initiatives that enable local employment, nurture small business growth and support financially viable social and environmental solutions.

About Us

Since our 2007 inception, we have disbursed more than $72.6M USD into initiatives that enable local employment, nurture small business growth and support financially viable social and environmental solutions.

Our Approach

We bring a 10-year track record of successful impact investment experience and a dynamic entrepreneurial spirit to every initiative. We elevate Environmental and Social Governance (ESG) leadership across the Lundin Group to power lasting, sustainable impact at the local level.

We support Lundin Group companies operating across 25 countries to responsibly develop natural resources, bolster performance and create strategic investments to maximize economic and social benefits for communities.

Our Approach

We support Lundin Group companies operating across 25 countries to responsibly develop natural resources, bolster performance and create strategic investments to maximize economic and social benefits for communities.

Our 2019 Impact

We invested $5.6 million USD
into 37 initiatives.

Through these investments, we grew and multiplied our impact and improved outcomes for local communities.

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703 small businesses supported
82% annual increase
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85 social & environmental innovations launched
65% annual increase
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55M in revenue generated
45% annual increase
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9.6M in household income
51% annual increase
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10.9M third party funding

Human Stories

We serve as a catalyst to help communities reach their full potential.

We set communities up for success by providing them with the tools and knowledge to unlock economic prosperity.

Our Corporate Partners

Together, we build sustainable opportunities for communities.

Our corporate partnerships demonstrate the collective commitment of the Lundin Group companies to responsible resource development. From Kenya to Chile and beyond, our dedication to sustainable solutions has a lasting impact on the communities where we operate.

Our 2019 Financial Report