The Lundin Foundation works closely with our partners to elevate developmental practices across the Lundin Group, ensuring resource operations mobilize local economic opportunities and benefit surrounding communities.
Working with the Lundin Group of companies worldwide, we support our partners in developing strategic community investments that power lasting, sustainable impact at the local level. 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.
The Lundin Group of Companies operates in 25 countries across the globe, discovering and developing natural resources and building world-class, responsible operations. We support companies within the Group to improve their Environmental and Social Governance (ESG) performance and develop strategic community investments to maximize economic and social benefits to communities.
The Foundation supports Lundin companies to develop pro-active ESG strategies leading to improved ESG reporting, innovation, attracting and retaining talent, and raising the collective ESG performance across the Lundin companies.
We provide guidance to Lundin companies to:
Improve ESG Performance
The Foundation works collaboratively with Lundin companies to establish ESG ambitions, set targets, and develop road maps that embed sustainability within corporate strategies. Leveraging research, big data and peer benchmarking we facilitate cross-functional working groups to improve sustainability performance.
Meet Investor Expectations
Better and consistent measurement, management and reporting of ESG performance promotes transparency, builds trust and creates greater business value.
The Foundation supports Lundin companies to align with global best practices for sustainability reporting and disclosure (e.g., GRI, SASB, TCFD), meeting or exceeding investor expectations and ESG rating agency requirements.
Enhance Professional Learning & Development
Developing responses to the most pressing ESG priorities facing the extractives industry requires deep subject matter expertise and a commitment to continuous learning and professional development.
In 2021, the Foundation brought together Lundin sustainability professionals for professional development sessions tackling climate risk and opportunities, decarbonization, rating agencies, diversity, equity & inclusion, and responsible sourcing.
Address Climate as a Strategic Business Risk
Those companies that can demonstrate a lower carbon footprint, emissions reduction and respond to climate risks and opportunities are more likely to be successful in the transition to a lower-carbon economy. The Foundation works closely with the Lundin companies to develop decarbonization strategies and align with the Task Force on Climate-Related Financial Disclosures (TCFD).
COMMUNITY ECONOMIC DEVELOPMENT
Our team works collaboratively with partners and communities to develop strategic investments that empower lasting, sustainable impact at the local level.
Our proven approach focuses on:
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.
Once a joint goal is established, we provide technical expertise and flexible financing solutions to bring our collective vision to life. By focusing on the individual strengths of each community we work with and assessing untapped market prospects — our programs ensure durable success that goes beyond project timelines.
The impacts of our solutions are designed to multiply over time, leading to lasting community benefits. We employ a multi-year perspective to create shared value in the communities where Lundin companies operate.
We strive to develop opportunities that hire local workers, procure local goods, and develop local businesses to distribute benefits widely across communities. By making strategic investments in initiatives that enrich the local economy, we fuel ongoing change. At a minimum, we look three years into the future and promote continuous improvement and innovation within our long-term programs.
Entrepreneurs and small businesses are the heartbeat of the communities where we operate. We leverage the power of the market and, together with our stakeholders, design market-based solutions to increase the economic and social benefits to communities.
Based on the needs of each community and program, we offer tailored financing in the form of grants, debt and equity to promote sustainable solutions. Determined and motivated to foster value, our initiatives serve to unlock this potential and empower new entrepreneurs for present and future generations.
We form partnerships with international organizations that share our commitment to ensuring resource operations mobilize local economic opportunities and benefit surrounding communities. This includes our commitment to creating impacts that contribute to the achievement of the 17 UN Sustainable Development Goals.