Submission Form: Best Practices in line with Arctic Investment Protocol - Guidelines for Responsible Investment in the Arctic

In 2015, the World Economic Forum’s (WEF) Global Agenda Council on the Arctic published an Arctic Investment Protocol ( (AIP) with an intention to start a discussion and build a coalition around responsible investments in the Arctic. While the World Economic Forum’s Global Agenda Council on the Arctic ceased to exist in 2016, the World Economic Forum wanted to see the work on the AIP taken forward. The AEC decided to endorse the intent of the AIP at its Annual Meeting in 2017, and the AIP was transferred to the AEC in 2018.

Our principles and work in practice

The AEC’s work is driven by Working Groups who are action-oriented and focus on solutions that drive Arctic business forward in a responsible and sustainable manner. The scope of work for the Working Groups as well as principles for establishing a Working Group were decided by the Arctic Economic Council representatives at the first meeting in Iqaluit, Canada, September 2014. There are currently five ongoing Working Groups:

Maritime Transportation

The Working Group on Maritime Transportation will examine issues and opportunities associated with shipping in the Arctic.

Responsible Resource Development

The Working Group on Responsible Resource Development aims to provide the necessary framework for responsible resource exploration and development. The goals are centered around development taking place in a responsible, sustainable and cooperative manner which also contributes to the regional economic growth of the Arctic.



The Working Group on Connectivity is a continuation of the Working Group on Infrastructure: Telecommunication.

This Working Group presented its deliverable in January 2017, a report titled “Arctic Broadband. Recommendations for an Interconnected Arctic” : Read it here.




The Working Group on Energy provides simple, balanced information to key stakeholders regarding the context, opportunities and challenges for use of Arctic energy resources.


The mission of the Arctic Economic Council is to facilitate sustainable Arctic economic and business development. The Arctic Economic Council is open to corporations, partnerships and indigenous groups that have an economic interest in the Arctic.

Map of our members



  • Canada
  • Finland
  • Iceland
  • Kingdom of Denmark
  • Norway
  • Russian Federation
  • Sweden
  • United States of America

    Indigenous organizations

  • Aleut International Association (AIA)
  • Saami Council
  • Arctic Athabaskan Council (AAC)
  • Inuit Circumpolar Council (ICC)
  • Russian Association of Indigenous Peoples of the North (RAIPON)