Lundin Gold continues to further its commitment to responsible development in Ecuador with award-winning community development programs and sustainable mining practices. In 2021 the Foundation worked closely with Lundin Gold to develop a comprehensive sustainability strategy in addition to overseeing strategic community investments.
In 2021, Lundin Gold and the Lundin Foundation supported community programs in the areas of economic diversification, women’s entrepreneurship, local supplier development and capacity building of the Shuar Indigenous group. Together, our joint programs supported 445 businesses that generated $10.7 million USD in revenue. Overall, 750 jobs were sustained, contributing $3.9 million USD in household income earnings. Local suppliers participating in program initiatives were able to secure $9.1 million USD in contracts, while two new companies were established, of which 89% of employees are women.
The Foundation also supported Lundin Gold in developing a cross-cutting sustainability strategy with robust Key Performance Indicators (KPIs) to build upon the company’s impressive sustainability performance. The Foundation’s guidance included the development of a comprehensive strategic framework that prioritizes community investments with the highest potential to reach significant impacts.
In 2022, the Foundation anticipates supporting Lundin Gold with climate objectives to meet growing stakeholder and investor expectations. Lundin Gold remains dedicated to ensuring responsible operations at Fruta del Norte and is committed to working with the Foundation to develop small businesses, diversify the economy, and implement capacity building initiatives with the Shuar.
“In 2021, the Foundation played an important role in supporting Lundin Gold’s five-year sustainability strategy. The role of the Foundation is key in that it can bring expertise to bear that may not be available in any one company. The Foundation helps to identify issues that multiple companies are facing, build internal capacity and identify solutions applicable for the Group.”
– Ron Hochstein, President and CEO Lundin Gold
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: