Lundin Foundation
Lundin Foundation is a Vancouver-based Canadian non-profit founded in 2005 that provides sustainability expertise, community investment, supplier development, and climate-tech impact investing for Lundin Group mining and energy companies and the communities surrounding their operations across the Americas, Africa, and Europe.
- Company typePrivate
- Founded2005
- HeadquartersVancouver, Canada
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Lundin Foundation does
Lundin Foundation is a Canadian non-profit charitable foundation founded in 2005 and headquartered in Vancouver, established by Lukas Lundin to create lasting benefits for communities impacted by the Lundin Group's resource operations. It functions as the shared sustainability and community-investment platform for Lundin Group companies — Lundin Mining, Lundin Gold, Lucara Diamond, NGEx Minerals, Fireweed Metals, Vicuña Corp., and International Petroleum Corp. — providing advisory support on sustainability strategy, ESG reporting, local procurement, and community relations. The foundation's underlying technology consists of programmatic frameworks (not software products) for community impact, supplier development, women's entrepreneurship, and climate innovation, delivered through direct partnerships with universities, NGOs, and accelerators.
The foundation's business model is that of a non-profit: it does not sell commercial products or services and receives no licensing or subscription revenue. Its operating budget is funded by mining-revenue contributions from Lundin Group companies and annual impact-investment capital from Lundin Energy. Service delivery is channeled through country-specific programs — Impulso Local (Brazil, with Lundin Mining's Chapada operation), Impulsa SMEs (Chile's Atacama region, with PyME UC and Atacama Mentorship Network), SOY EMPRENDEDORA (Ecuador, with Lundin Gold and allies including Fundación Telefónica, WIM-Ecuador, Banco Pichincha), NEXO (Guatemala, with Bluestone Resources and ELEVAR Resources), and a Local Procurement Training curriculum (with Mining Shared Value). The Climate Accelerator partnership with Katapult (2021) extends the foundation's mandate into climate-tech investing.
Over a 10+ year horizon, the foundation has supported programs and startup businesses with funds totalling roughly NOK 600 million. Reported outcomes include 650 small businesses generating $42 million+ in revenue and creating 2,000 jobs in 2021, 79 climate startups launched with $30 million in third-party funding attracted, 57 women trained across two editions of SOY EMPRENDEDORA with ~USD 39,000 in seed capital to 9 entrepreneurs, and 123 local SMEs identified in Brazil for mining-region procurement. The foundation operates globally with active programming across Canada, Ecuador, Chile, Brazil, Argentina, Guatemala, Botswana, Sweden, and the USA, and has received the PDAC 2023 Sustainability Award and the UN Global Compact Ecuador SDG 5 award.
Lundin Foundation firmographics
Firmographics- Name
- Lundin Foundation
- Legal name
- Lundin Foundation
- Website
- https://lundinfoundation.org
- Company type
- Private
- Founded year
- 2005
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Lundin Foundation is a Vancouver-based Canadian non-profit founded in 2005 that provides sustainability expertise, community investment, supplier development, and climate-tech impact investing for Lundin Group mining and energy companies and the communities surrounding their operations across the Americas, Africa, and Europe.
- Ownership category
- akta.pro rank
Lundin Foundation industry classification
Industry- Product category
- Mining Sustainability and Community Development Services
- NAICS
- Grantmaking Foundations (813211), Grantmaking and Giving Services (81321), Religious, Grantmaking, Civic, Professional, and Similar Organizations (813)
- akta.pro primary industry
- Corporate Foundations & CSR Grantmaking (BPAGAKAC)
- akta.pro secondary industries
- International Grantmaking & Development Foundations (BPAGAKAH), Environmental & Climate Grantmaking Foundations (BPAGAKAM)
Keywords
Where Lundin Foundation is headquartered
LocationHeadquarters
- HQ city
- Vancouver
- HQ country
- Canada
- HQ region
- North America
Markets served
Lundin Foundation business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Others
Revenue model
- Foundation Funding: The Lundin Foundation is funded by mining revenue from Lundin Group companies. It receives annual financial contributions from Lundin Energy as part of their decarbonization strategy to make impact investments supporting climate tech startups.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Lundin Foundation product offering
Product offeringCore offering
Lundin Foundation is a Canadian non-profit foundation that delivers sustainability expertise, community investment programs, and local economic development initiatives for Lundin Group mining companies and their host communities. Its offerings include supplier development programs, women entrepreneurship incubators, climate tech startup investments, and local procurement training across multiple countries.
Product overview
Lundin Foundation is a Canadian non-profit organization that operates as a sustainability and community development entity, not a traditional software product company. Its offerings consist of advisory services and programs focused on sustainability expertise, community impact, local procurement, supplier development, and women's economic empowerment. The core services include Sustainability Expertise advisory and Community Impact programs that work closely with Lundin Group partners. Key programs include Impulso Local (Brazil supplier development), Impulsa SMEs (Chile business support), SOY EMPRENDEDORA (Ecuador women entrepreneurs), NEXO Program (Guatemala capacity building), and Local Procurement Training workshops. The Foundation also organizes annual Sustainability Summits for knowledge sharing across the Lundin Group.
Differentiator
Problem solved
Functional benefit
Products and services
- Sustainability Expertise Services Advisory service supporting Lundin Group partners in developing proactive sustainability strategies and community investments that create lasting positive impact.
- Community Impact Programs Programs focused on elevating developmental practices and ensuring resource operations mobilize local economic opportunities for surrounding communities near Lundin Group operations.
- Impulso Local Supplier development program in Brazil designed to strengthen capabilities of small and medium-sized enterprises in mining regions, established in partnership with Lundin Mining's Chapada operation.
- Impulsa SMEs Small and medium business capacity-building program in Chile's Atacama Region providing academic training, personalized mentorship, and customized work plans through partnership with Lundin Mining Chile and PyME UC.
- SOY EMPRENDEDORA (I Am an Entrepreneur) Women-focused business incubator in Ecuador (Zamora Chinchipe province) providing training, coaching, and seed capital to women entrepreneurs, developed in partnership with Lundin Gold.
- NEXO Program Small business capacity-building program in Guatemala designed to help local enterprises access opportunities to become suppliers to resource operations, implemented in partnership with Bluestone Resources.
- Local Procurement Training Capacity building workshop for multi-disciplinary teams on local procurement principles, supplier selection, pre-qualification, and monitoring, developed in collaboration with Mining Shared Value.
- Katapult Climate Accelerator Program Climate tech startup accelerator program run in partnership with Katapult, supporting early-stage climate technology companies with impact investments funded by annual contributions from Lundin Energy.
Quantifiable outcome
- Supported 650 small businesses to generate $42 million+ in revenue and create 2,000 jobs (2021)
- +3 more outcomes
Companies that use Lundin Foundation
Customer profileNamed customers8 records
Segments4 records
Ideal customer profiles3 records
Lundin Foundation technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Lundin Foundation partnerships and signals
Strategic signalPartnerships
23 partnerships are on record, tiered core and minor.
- Mining Shared ValuecoreCollaborated with Mining Shared Value to coordinate a two-day Local Procurement training for multi-disciplinary teams from Lundin Mining's operations.
- University of Queensland's Centre for Social Responsibility in Mining (CSRM)corePartnered with Lundin Foundation and Lundin Mining to host 'Community Relations in the Exploration Phase' workshop, providing online training and facilitation.
- Sustainable Minerals Institute – International Centre of Excellence (SMI-ICE-Chile)corePartnered with Lundin Foundation and Lundin Mining to host 'Community Relations in the Exploration Phase' workshop, providing online training and facilitation.
- Josemaría ProjectcorePartnered on Green Engineering Contest with National University of San Juan and Green World Cup initiative for youth in Iglesia District, Argentina.
- Bluestone ResourcescorePartnered with Lundin Foundation to launch the NEXO program in Guatemala, a small business capacity-building program for local companies in Asunción Mita.
- ELEVAR ResourcescoreLocal implementation partner in Guatemala for the NEXO program, providing technical advisory assistance to local businesses.
- KatapultcorePartnership to launch The Climate Accelerator Program supporting 8 climate tech startups. Lundin Foundation receives annual contribution from Lundin Energy to make impact investments through Katapult's climate-focused accelerator.
- Fundación TelefónicaminorAlly in the SOY EMPRENDEDORA program, supporting business training components.
- WIM-EcuadorminorWomen's empowerment ally in the SOY EMPRENDEDORA program supporting women entrepreneurs in Zamora Chinchipe.
- Canadian EmbassyminorSupported the SOY EMPRENDEDORA program as an ally providing resources and assistance.
- Banco PichinchaminorProvided seed capital as part of the SOY EMPRENDEDORA program for women-led enterprises.
- Fundación CRISFEminorAlly in the SOY EMPRENDEDORA program providing financial training and support.
- AEI (Alliance for Entrepreneurship and Innovation)minorAlly in the SOY EMPRENDEDORA program supporting women entrepreneurs.
- Katapult Climate Accelerator Portfolio Companiesminor8 climate tech startups (Connected Energy, Frame, Hyperion Robotics, NXT Grid, Recylink, Sally-R, Wattnow, Wegaw) invested through the Katapult Climate Accelerator program.
- Fireweed MetalscoreFireweed Metals is listed as a partner of the Lundin Foundation. The company is exploring and developing critical metal projects through progressive leadership, innovation, and collaboration.
- International Petroleum Corp.coreInternational Petroleum Corp. is listed as a partner, focusing on upstream oil and gas with exploration and production assets in Canada, Malaysia and France.
- Lucara Diamond Corp.coreLucara Diamond Corp. is a partner, operating a diamond mining company with exploration property in Botswana.
- Lundin Gold Inc.coreLundin Gold is a key strategic partner operating the Fruta del Norte mine in Ecuador. Together they developed the SOY EMPRENDEDORA women's entrepreneurship program.
- Lundin Mining Corp.coreLundin Mining is a diversified base-metals mining company with operations and projects around the world, and a primary partner in supplier development programs like Impulso Local and Impulsa SMEs.
- NGEx Minerals Ltd.coreNGEx Minerals is a leading exploration company focused on world-class mineral resources.
- Vicuña Corp.coreVicuña Corp. is advancing a world-class copper district grounded in innovation and sustainability.
- PyME UCcoreThe SME Center of the Pontificia Universidad Católica de Chile partnered with Lundin Foundation and Lundin Mining Chile for the Impulsa SMEs program in Atacama region.
- Atacama Mentorship NetworkcorePartnered with Lundin Foundation and Lundin Mining Chile for the Impulsa SMEs program providing mentorship to SMEs in Copiapó Province.
Scale indicators9 records
Recent moves6 records
Expansion highlights5 records
Lundin Foundation competitors and assessment
Company assessmentDirect peers
- Freeport-McMoRan Foundation: Freeport-McMoRan's community investment programs fund education, economic development, and environmental initiatives near its copper and gold mining operations. Comparable to Lundin Foundation as a major mining company's community investment arm with international mine-site footprint and supplier development focus.
- BHP Foundation: BHP Foundation is the corporate foundation of BHP, one of the world's largest mining companies. It funds community development, environmental, and education programs in regions where BHP operates — directly comparable to Lundin Foundation in structure (mining-corporate-funded grantmaking), mission (community impact around mine sites), and global multi-country footprint.
- Anglo American Foundation: Anglo American Foundation is the corporate foundation of Anglo American plc, a diversified mining major. It focuses on livelihoods, education, and health in host communities near Anglo American operations — closely comparable to Lundin Foundation in model (mining-corporate-funded community investment) and program types (local enterprise development, gender inclusion).
- Mining Shared Value: Mining Shared Value is an initiative advancing local procurement and supplier development in mining regions globally. It is a current implementation partner of Lundin Foundation on local procurement training, making it a directly comparable organization in program scope (supplier development) and even closer as a peer collaborator.
- Rio Tinto Foundation: Rio Tinto Foundation is the corporate foundation of Rio Tinto, a major global mining group. It supports community development, gender equality, water, and cultural heritage initiatives near Rio Tinto operations — directly comparable as a mining-corporate-funded grantmaking vehicle with international scope and similar program categories to Lundin Foundation.
- Instituto Vale: Instituto Vale is Vale SA's corporate foundation in Brazil, one of the largest mining companies globally. It runs social, environmental, and economic development programs in regions near Vale's mining and logistics operations — directly comparable to Lundin Foundation in being a mining-corporate foundation with deep Brazilian operational presence (overlapping with Lundin's Impulso Local program).
Broad incumbents
- International Council on Mining and Metals (ICMM): ICMM is an industry association of mining and metals companies that sets ESG performance standards and convenes members on sustainable development. Comparable to Lundin Foundation as a sector-wide body addressing mining-community relations, though operating at an industry-association level rather than as a single-funder foundation.
- Teck Resources (Sustainability Programs): Teck Resources is a diversified Canadian mining company with material community investment and climate programs in the regions where it operates. Comparable to Lundin Foundation in being a Canadian-headquartered miner with sustainability and community development programs, though Teck's programs are run in-house rather than through a separately branded foundation.
- Newmont Corporation (Community Programs): Newmont is one of the world's largest gold mining companies with substantial community development, local hiring, and supplier programs near its global operations. Comparable to Lundin Foundation in mining-community investment scope and international footprint, though structured as in-house CSR rather than as a dedicated foundation.
Regional players
- Minerals Council of Australia: Minerals Council of Australia is the peak industry body representing Australia's mining sector on policy, sustainability, and community engagement. Comparable to Lundin Foundation in addressing mining-community relations and ESG, though it is a regional industry association rather than a corporate foundation.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Lundin Foundation social profiles
Digital presenceLundin Foundation financial estimates
Financial estimateRevenue estimate
Valuation estimate
Lundin Foundation leadership team
Management profileNumber of profiles
Profiles1 record
Lundin Foundation funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Lundin Foundation M&A and investment
M&A and investmentM&A
Investments7 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Lundin Foundation
What does Lundin Foundation do?
Lundin Foundation is a Canadian non-profit foundation that delivers sustainability expertise, community investment programs, and local economic development initiatives for Lundin Group mining companies and their host communities. Its offerings include supplier development programs, women entrepreneurship incubators, climate tech startup investments, and local procurement training across multiple countries.
Is Lundin Foundation a public or private company?
Lundin Foundation is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Lundin Foundation founded?
Lundin Foundation was founded in 2005. It employs 11 to 50 people.
Where is Lundin Foundation based?
Lundin Foundation is headquartered in Vancouver, Canada, in the North America region.
How does Lundin Foundation make money?
One revenue line is on record: foundation Funding.
Who are Lundin Foundation's main competitors?
Direct peers on record are Freeport-McMoRan Foundation, BHP Foundation, Anglo American Foundation, Mining Shared Value, Rio Tinto Foundation and Instituto Vale. Broad incumbents are International Council on Mining and Metals (ICMM), Teck Resources (Sustainability Programs) and Newmont Corporation (Community Programs). Minerals Council of Australia is listed as a regional player.
Does Lundin Foundation have an API?
No public API is recorded for Lundin Foundation.
What industry is Lundin Foundation in?
Lundin Foundation's product category is Mining Sustainability and Community Development Services. Its primary akta.pro industry code is BPAGAKAC, Corporate Foundations & CSR Grantmaking, with a secondary code of BPAGAKAH, International Grantmaking & Development Foundations. Its NAICS code is 813211.