Mining responsibly to contribute to a more sustainable world.

In 2022, Lundin Mining, with support from the Foundation, developed strategic community investments which assisted 22 local businesses, led to more than 100 jobs, and generated $24 million US. Importantly, $2.6 million USD contributed to household incomes.

The Zinkgruvan mine in Sweden worked closely with the Foundation to provide capacity building and seed funding to local entrepreneurs in the Re:Think program. The program helped kickstart or strengthen small businesses, all while supporting market-ready and mature SMEs to diversify their client base and access financing.

Sustainability was also central to our work in 2022. The Foundation worked closely with Lundin Mining to develop their Focused on the Future: Sustainability Strategy, which integrates, embeds, and improves sustainability best practices across the organization. This strategy provided a framework for Lundin Mining to announce their commitment to reduce interim Scope 1 and Scope 2 greenhouse gas (GHG) absolute emissions by 35% by 2030 compared to the 2019 baseline year*. Setting this 2030 target enables Lundin Mining to validate its climate commitment while it works towards creating a decarbonization pathway strategy for 2050.

In 2023, the Lundin Foundation will continue supporting Lundin Mining in its efforts to embed sustainability processes into corporate systems and company culture and advancing community initiatives focused on economic diversification and lasting impacts.

*interim Scope 1 and Scope 2 GHG absolute emissions reduction target of 35% by 2030 compared to 2019 baseline year