Our Approach
We believe communities deserve an individualized approach.
Successful local solutions demand out-of-the-box thinking, flexibility, and an in-depth understanding of the surrounding environment.
By focusing on the individual strengths of each community we work with and assessing untapped market approaches — our programs ensure durable success that goes beyond project timelines.
Once a joint goal is established, we provide technical expertise and flexible financing solutions to bring our collective vision to life. We strive for long-term impact, empowering entrepreneurs and forging partnerships.
Our Community Impacts by Pillar
We strive for long-term impact, empowering entrepreneurs and forging partnerships.
Local Supplier Development
In 2022, our community programs supported budding entrepreneurs and local small businesses contributing to long-term economic impacts in communities around Lundin operations.
65
businesses supported through seed capital grants and loans
42%
are women-led businesses
Economic Diversification
Investing in non-resource dependant sectors promotes vibrant and diverse economies. In 2022 our capacity building and technical training programs led to:
$24.5 M
revenue generated by local businesses
408
program participants from a diverse array of communities
Social and Environmental Innovation
Supporting entrepreneurs to address pressing social and environmental challenges leads to innovative solutions. Between 2019, to 2021 the Foundation collectively supported over 80 start-ups with the following outcomes.
$28.8 M
in revenue generated over three years
$50.8 M
in third party funding leveraged over three years
Education and Skills Training
From 2019 to 2022, our Training for Operations program in partnership with Lundin Gold in Ecuador developed and delivered industry-relevant programs to create a confident and skilled workforce.
$10.7 M
in cumulative salaries paid over four years
307
graduates
PDAC 2023 Sustainability Award
The Lundin Foundation is proud to have been awarded the PDAC 2023 Sustainability Award for creating an organization funded by mining revenue with the sole purpose of providing lasting benefits for communities surrounding Lundin Group companies’ operations.
The PDAC 2023 Sustainability Award honours an organization demonstrating outstanding initiative, leadership and accomplishment in establishing good community relations during an exploration program or operation of a mine. Core to every Lundin Group company is a commitment to leveraging resource development to mobilize economic opportunities for local communities and empower community members to connect with the necessary skills, knowledge and resources to improve their lives.
Programs Making an Impact
A Meaningful Stepping Stone
July 10, 2023
The Future of Sustainability
May 25, 2023