We forge partnerships with international organizations that share our commitment to ensuring resource operations mobilize local economic opportunities and benefit surrounding communities. We strive to share best practices, promote continuous learning and contribute to a diverse pool of global expertise to address pressing Environmental and Social Governance (ESG) topics. This enables us to effectively respond to emerging trends within the industry which elevates ESG performance across the Lundin Group of companies.
We are very proud to partner with and be active members of the following organizations.
The Lundin Foundation recently joined the Devonshire Initiative (DI), a Canada-based multi-stakeholder forum focused on improving community development outcomes in the extractives’ context.
Primarily made up of natural resource companies and non-governmental organizations, the DI focuses on cross-sector collaboration to create a constructive space for stakeholders to discuss complex problems, identify common opportunities, and develop innovative on-the-ground partnerships that support lasting community development.
The Foundation engages with the DI to share good practices, build capacity, and identify collaboration opportunities for Foundation and the Lundin companies it supports.
Extractive Industries Transparency Initiative
The Lundin Foundation is a supporter of the Extractive Industries Transparency Initiative (EITI), which seeks to strengthen public and corporate governance, promote understanding of natural resource management, and provide data for greater transparency and accountability in the extractives sector.
Thirteen Lundin companies are listed in Canada and meet the transparency reporting requirements of the Government of Canada’s Extractive Sector Transparency Measures Act (ESTMA). In addition, Africa Oil, Bluestone Resources, Filo Mining, Josemaria Resources, Lundin Energy, Lundin Gold, and NGEx Minerals all have investments in EITI countries and contribute to EITI reporting and processes. Lundin Energy has been promoting transparency through the EITI since 2013.
The Foundation seeks to leverage the EITI platform to promote the open and accountable management of natural resources, especially in EITI countries where Lundin companies are active.
The Lundin Foundation recently entered a three-year partnership with UNICEF Canada in response to the COVID-19 pandemic and in support of the Sustainable Development Goals with a focus on integrating children’s considerations into social performance across the Lundin Group of Companies. Early results of the collaboration include:
- Lundin Mining made an important donation to UNICEF Canada to prepare schools in Brazil for delivering education safely to children during the pandemic. Lundin Mining’s contribution, made through the Lundin Foundation, supports e-learning applications and a program to identify and re-enroll children that have not returned to school.
- Bluestone Resources worked with the Lundin Foundation and UNICEF Canada to deliver online training on community-level COVID-19 prevention to municipal and public health officials in Guatemala.
The Foundation looks forward to collaborating further with UNICEF Canada and Lundin companies to build on this important work.
The Swedish National Advisory Board for Impact Investing
The Lundin Foundation has been a member of the Swedish National Advisory Board for impact investing since 2018, with a focus on supporting start-ups offering solutions to a low carbon future in Sweden and Norway. The Foundation also plays a catalytic role in the regional impact investment ecosystem by funding innovative accelerator programs that encourage and support early-stage entrepreneurial efforts.
The Advisory Board aims to promote, stimulate and mobilize private, institutional and non-governmental financing towards innovative social and environmental solutions. The advancement and promotion of the impact investing sector can help ensure sufficient capital is available to advance the United Nations Sustainable Development Goals. The Advisory Board is one of 22 national advisory boards around the world connected to the Global Steering Group for Impact Investment.
The Lundin Foundation is able to learn from other members about regional impact investing, share experience and lessons learned and identify opportunities for collaboration or co-investment.