2018 was an exceptional year. Together with our corporate partners, we committed $7.1M USD towards 41 initiatives around the world. These initiatives have had a catalytic effect in the communities in which we operate expanding employment and economic opportunities and propelling lasting solutions into the future.
We invest in strategic training programs to assist members of local communities to obtain industry relevant skills and qualify for employment opportunities.
In 2018, our programs trained
539 people
in industry-relevant skills.
The programs had a
98%
graduation rate.
The vast majority of graduates report improved incomes and opportunities post graduation.
We are proud to have supported small, growing businesses with financial investments and expertise. This has led to great successes in the communities in which we serve.
In 2018, we supported
385 small businesses.
Collectively these small businesses have generated
$38.5M USD
in revenue and are supporting
2,910 jobs.
These jobs have resulted in
$6.1M USD
in household incomes.
Our investments in training and financing help local businesses become contract-ready making a significant impact on local supply chains.
We helped over
100 small businesses become suppliers.
These suppliers secured
$16.1M USD
in commercial contracts with Lundin Group Companies.
Our investments help unlock the entrepreneurial spirit and ingenuity of local communities. This has been essential to finding unique solutions to social and environmental challenges.
We helped
51 social and environmental solutions
get off the ground.
We leveraged
$8.3M USD
in additional funding from other investors and funders.
Our Approach to Impact Management
In 2018, the Foundation revamped how we measure impact. After an extensive review of the emerging best practices, we subscribe to the Impact Management Project principles – the global consensus on how to measure, compare and report ESG risks and positive impact – and view impact as a management strategy. Just as the broader field of impact management is evolving, we undertake continuous improvement to how we define, measure and apply the impact of our work.