In 2020 the Lundin Foundation, with the support of our corporate partners, made investments that connected community members with skills, knowledge and resources to unlock economic prosperity despite the challenges of COVID-19. Measured across a range of programs and initiatives, these investments supported 750 small businesses which generated $22.2M in revenue and created 1600 jobs.
Curious to learn more about our 2020 impacts worldwide? Scroll down to explore.
Responding quickly and with innovative solutions to the disruptions caused by COVID-19, our team worked closely with local suppliers to maintain operations.
This allowed
183 small suppliers to deliver on
$8M in supply contracts
to Lundin Group companies
These contracts represent
85%
of the supplier’s annual revenue
Our investments into early-stage start-ups that address large-scale challenges in social and environmental innovation are gaining traction.
In 2020,
234 women-led
businesses were supported
We supported
76 startup companies
addressing climate change, circular economy
and diversity and inclusion
These innovations secured an additional
$13M in follow–on funding —
a 49% increase from 2019.
Entrepreneurial opportunities continue to power lasting, sustainable impact at the local level.
We supported
490 small businesses
operating in diverse sectors such as agriculture, retail and construction
These small businesses generated
$4.7M in revenue
and supported
770 local jobs
We strive to implement programs that thrive beyond our involvement and create lasting benefits into the future. Both our Training for Operations and Local Supplier programs demonstrate the value of early investment.
12 months after graduating Training for Operations,
85% of graduates are employed
with Lundin Gold at Fruta del Norte in Ecuador
These jobs provide
$4M in wages
for employees that live in
surrounding communities
In Chile, companies supported through the Local Supplier Program in partnership with Lundin Mining have continued to supply Candelaria mine with over
$18M in goods and services
Recognition
UN Global Compact Canada SDG Leadership Award
in partnership with Lundin Gold.
Green Virtue Award
Global Environment Fund and UN Environment Program.
Upstream Oil and Gas – Kenya
Nominated by International Finance Corporation.
Mining, Materials and the Sustainable Development Goals (SDGs) Book
Contributor to the chapter on UN SDG 4 – Quality Education.
Our Approach to Impact Management
In 2019, the Foundation implemented its impact management practices across all strategic initiatives, undertook post-program assessments, captured gender-disaggregated data and conducted its first mid-year impact review. The Foundation also supported corporate partners to adopt good practices in impact management for corporate community investments. The Foundation continues to identify how we can better define, measure and strengthen the impact of our work.