Filo Corp. - Lundin Foundation

Filo Corp. (Filo) is advancing its 100% owned Filo del Sol project, which is growing into one of the largest undeveloped copper projects in the world. Copper is expected to be a cornerstone of the low-carbon economy, positioning Filo well for the future. The company is committed to responsible mineral development, ensuring the project aligns with international best practices and standards, while developing mutually beneficial relationships with the community.

In 2022 Filo began the implementation of its sustainability framework, developed in the company’s first sustainability summary, and enhanced ESG metrics and performance. This effort involved capacity building for Filo’s local ESG team while supporting a quality check on ESG management approaches and data collection.

The Foundation also collaborated with Filo to enhance its social performance function by strengthening its local grievance mechanisms, as well as supporting the design and rollout of Filo’s community investment impact framework. These efforts have helped inform project design considerations, identify and mitigate key social and environmental risks, and foster positive relations with local stakeholders; ultimately supporting the project’s viability to move forward. Specifically, on the topic of climate, Filo established its first GHG emissions inventory and held a climate education session with management. In the coming year, the Foundation will continue to help Filo’s climate strategy and disclosure, identifying and assessing climate risks, and further strengthening its GHG emissions inventory.

“Filo is committed to responsible exploration. The Lundin Foundation understands our project stage and business priorities and supports us along our sustainability journey, with a focus on enhancing strategy, reporting, and community engagement and development.”

– Aline Braile, Communications and Corporate Development, IPC