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 which are action-oriented and focus on solutions that drive Arctic business forward in a responsible and sustainable manner. AEC Working Groups’ themes reflect the areas identified by the Arctic business community. There are currently six ongoing Working Groups:

Maritime Transportation

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

Responsible Resource Development

The Responsible Resource Development Working Group focuses on providing the necessary framework for responsible resource exploration and development in the Arctic.



The Connectivity Working Group seeks the solutions to connect even the most remote parts of the Arctic to the world to stimulate the economic growth in the region.





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

Blue Economy

The Blue Economy Working Group aims to facilitate a pan-Arctic alliance of ocean clusters to leverage the knowledge, expertise and funding instruments throughout the region to fast track product development and economic growth in the sector.


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