Lucara Diamond Corp. (Lucara) views sustainability as a long-term commitment that necessitates focus and discipline to drive continuous improvements across its operations. Essential to its organizational success, the Company aims to provide broad-based, enduring economic and social benefits to all stakeholders and communities.
In 2024, the Lundin Foundation played a key role in supporting Lucara Diamond Corp. in reaching several important sustainability milestones. Working in close collaboration with the Lucara team, the Lundin Foundation guided the development of a comprehensive, forward-looking Sustainability Strategy designed to establish clear priorities for the next five years.
In addition to strategic planning, the Lundin Foundation assisted Lucara in enhancing its ability to measure and monitor local impact, evaluate climate-related risks, and proactively prepare for upcoming shifts in global sustainability disclosure requirements.
On the ground, the Lundin Foundation worked directly with the on-site Community Relations team, offering tailored guidance on the design and implementation of community programs. This included reinfocing best practices related to program design templates, impact data collection and metrics.
As part of its climate initiatives, the Lundin Foundation conducted a comprehensive climate risk assessment leveraging scenario analysis to evaluate both physical and transition risks. This process enabled management, Lucara’s Climate Change Working Group, and stakeholders throughout the organization to cultivate a detailed understanding of climate-related risks and opportunities. Based on these insights, the team is now systematically evaluating mitigation strategies designed to enhance the Company’s capacity to withstand long-term climate-related challenges.
To further strengthen Lucara’s ESG profile—particularly in investor-facing disclosures—the Lundin Foundation supported the Company in preparing for compliance with new sustainability disclosure requirements. This involved a robust gap assessment covering more than 1,000 individual data points across ESG domains.
The Lundin Foundation worked hand-in-hand with internal teams to build capacity around sustainability preparedness and ESG reporting. This joint initiative underscored Lucara’s strong commitment to transparency, long-term sustainability, and proactive risk management throughout its operations.
“The Foundation has existing and well-established tools and resources, which we now have at our disposal. For Lucara Botswana, this is of great value-add and will help us in harnessing and honing our skills and adding value to Botswana, as a nation, with our community impact, biodiversity and climate change initiatives. Our continued participation will also add diversity, innovation and creativity to the Lundin Companies.”
– Innocent Seru, Electrical Engineer, Lucara
Partner Initiatives
Key Performance Indicators
BotswanaCapacity building on measuring outcomes of community investment programs
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:
