In 2021, with the support of our corporate partners, the Lundin Foundation committed $4.9M to 19 community initiatives in 10 countries. Measured across a range of programs, these investments positively impacted women’s lives, small businesses and social and environmental innovations.
Curious to learn more about our 2021 impacts worldwide? Scroll down to explore.
Sustainable growth is achieved when we prepare local businesses to become suppliers to resource operations.
In 2021, $9M in supply chain contracts was awarded to local businesses by Lundin Group companies
49% of these businesses are led by women
Investing in non-resource dependent sectors promotes vibrant and diverse economies.
In 2021, $15.4M was generated in small business revenue
This led to 2000 jobs supported and $2.5M in household income
Supporting entrepreneurs to address pressing social and environmental challenges leads to innovative solutions.
We supported 79 start-ups focused on addressing climate change
These businesses generated $18.4M in revenue
Our investments continue to create meaningful impacts in communities once programs are transitioned to our corporate partners.
Training for Operations Program
In Ecuador, the Training for Operations Program implemented in partnership with Lundin Gold at Fruta del Norte in 2019 demonstrates the value of early investments in workforce training.
- 80% of graduates are now employed full-time at FDN
- Generating $3.2M in wages for employees in the surrounding communities
Local Supplier Development Program
In Chile, a 3-year Local Supplier Development Program launched in 2016 in partnership with Lundin Mining continues to supply the Candelaria mine.
- $11M has been generated by goods and services
- Benefiting 30 SME’s
Mokubilo Integrated Community Farm
In Botswana, the Foundation supported Lucara in 2018 to create a community farm targeting malnutrition and youth unemployment in Mokubilo village. Now managed by Lucara, the farm has established a solid commercial foundation.
- There has been a 7.7% reduction in malnutrition
- 4,894 students have received access to nutritious food
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.