International Petroleum Corporation (IPC) is an entrepreneurial value-driven company bringing energy to the world in a sustainable way. With Oil and Gas operations in Canada, France and Malaysia, IPC is focused on developing and implementing its sustainability priorities across its operations, in close collaboration with the Foundation.
The Lundin Foundation supports IPC to enhance the integration of environmental, social and governance (ESG) considerations within its corporate strategy. IPC’s goal is to explore and produce oil and gas in an economically, socially and environmentally responsible way for the benefit of all stakeholders, including shareholders, employees, business partners, governments, and local communities.
In 2021, the Foundation conducted a materiality assessment that identified IPC’s sustainability priorities and supported the creation and facilitation of sustainability working groups which spanned all functions and operational locations. The result was a clear and concise Sustainability Strategy propelled by employee engagement and rooted in the company’s core values. This collaborative process led to improved awareness of sustainability and reporting requirements across the organization and improved sustainability performance.
Given the enhanced stakeholder pressure to address climate change, the Foundation also supported IPC to align with the Task Force on Climate-Related Disclosures (TCFD). The Foundation worked with IPC to understand and mitigate climate change risks, leverage opportunities and complete climate change education sessions with management.
Looking ahead, the Foundation will continue to support IPC’s approach to managing and measuring its ESG performance by addressing climate and environmental stewardship, workplace health and safety, community engagement and development, and ethics and integrity.
“Sustainability has become an integrated part of IPC’s business and goes hand in hand with our values of excellence, respect and resilience. The Foundation brings a depth of knowledge and expertise that is highly valued at IPC, and we look very much forward to continuing our collaboration and partnership.”
– Mike Nicholson, President and CEO IPC
UN Sustainable Development Goals
Our initiatives strive to improve people's lives and protect the planet and are in support of the following UN SDGs: