Stronger together

Working closely with local communities, our work creates a ripple effect on employment, household incomes, supply chain purchases and beyond.

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 followon 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 

PDP Chile

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.