Completed Assurance Engagement for Lundin Mining

Prizma recently completed an independent third party assurance engagement for Lundin Mining, a mid-tier base metals producer with operating assets in Europe, USA and Chile, relating to the sustainability information in its 2014 sustainability report.  Shortlink:

Prizma is an independent and Accountability-licensed provider of sustainability assurance services. This assurance engagement was performed in accordance with AccountAbility’s AA1000AS (2008) standard and was conducted to meet the AA1000AS Type II moderate level requirements. The selection of Key Performance Indicators (KPIs) included the following:

  • Lost time injury frequency (LTIF)
  • Total Reportable Injury Frequency (TRIF)
  • Total amount of water used from all sources
  • Total amount of water discharged
  • Energy consumption from electricity and diesel
  • Greenhouse gas emissions: Scope 1 and 2 (CO2e)

As part of this engagement, Prizma interviewed relevant functional managers at technical head office and operations to understand and test the processes in place for adherence to the AA1000APS stakeholder engagement principles and disclosure of the selected key KPIs in the assurance scope.

We also conducted a mid-year site visit to Lundin Mining’s most material operation at the time in Portugal followed by a Q4 roll-forward after year end. We also shared our assurance observations with management as they arose to provide an opportunity for corrective action prior to completion of the assurance process.

Lundin Mining’s 2014 sustainability reporting, which includes Prizma assurance opinion, can be found here. In 2015, Lundin Mining also published its new Responsible Mining Framework and Policy (see here) to help define the way the company manages the economic, social, and environmental challenges of its business.

You can learn more about Prizma's other advisory services, which range from environmental and social due diligence to sustainability reporting here.