Lundin Gold is committed to responsible development and has done so through award-winning community development programs and sustainable mining practices. In 2022, the Foundation worked closely with Lundin Gold to implement strategic community investments related to economic diversification and local supplier development. Additionally, the Foundation delivered training to build Lundin Gold’s capacity to implement their five-year sustainability strategy.
Lundin Gold and the Lundin Foundation have together implemented community programs that support women entrepreneurs, agricultural production for local and export markets, local supplier development and economic revenue generation for the Shuar Indigenous community. These joint programs supported 78 small businesses, farmer’s groups or agricultural cooperatives that generated $817,000 US in revenue.
Overall, 53 new jobs were created in the past year and contributed $500,000 US to the local economy through wages and purchases from local micro-enterprises. In addition, local suppliers participating in the program sold $291,000 US in goods and services to Lundin Gold.
Lundin Gold continues to implement its crosscutting sustainability strategy, developed with the Lundin Foundation, with robust plans and Key Performance Indicators (KPIs) to build upon the company’s impressive sustainability performance. The Foundation provided support to maximize the value of this monitoring and evaluation framework.
Looking ahead, Lundin Gold remains dedicated to ensuring responsible operations at Fruta del Norte and is committed to working with the Foundation to realize its vision of resilient local communities.
“The Lundin Foundation is our essential partner, having worked with us since the early stages of Fruta del Norte on issues such as local procurement, training & employment, and climate change. The value of working with the Lundin Foundation is that we can leverage a wide range of expertise to meet our sustainability objectives that complement our operational core competencies.”
– Nathan Monash, Vice President of Business Sustainability
Business development program for local suppliers focused on operations.
Business incubator designed for women entrepreneurs.
Enhanced market access and income opportunities for coffee, plantain and cocoa producers.
Shuar Cultural & Interpretation CentreEcuador
Capacity building and promotion of indigenous cultural and eco-tourism initiative.
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: