Working together to create innovative solutions with long-term impact

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.

ESG SERVICES

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:

Innovation Solutions

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.

Long-Term Impact

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.

Empowering Entreprenuers

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.

Forging Partnerships

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.

Partnerships

We have forged strategic partnerships and memberships 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. 

Business Sustainability Summit

With an eye toward the future, we monitor advancements in the Environmental and Social Governance fields to help our corporate partners respond to new developments. Since 2016, we have united sustainability practitioners at the Lundin Foundation Business Sustainability Summit, focusing on community investment strategies, sustainability and approaches to addressing climate change.