Photo by: Karine Nigar Aarskog, UiT
Photo by: Karine Nigar Aarskog, UiT

Invitation to stakeholders to give input of best practices to achieve sustainable investments in the Arctic

The AEC Working Group on Investments & Infrastructure invites stakeholders to give input and concrete examples of best practices to achieve sustainable investments in the Arctic and elsewhere. These examples will be incorporated to the AIP annex listing best practices. The examples can be provided by filling in this submission form.

The AEC Working Group on Investments & Infrastructure (IIWG) will focus its work on the principles related to responsible investments in the Arctic. (IIWG’s mandate is available on the AEC website at https://arcticeconomiccouncil.com/our-work/). This work builds upon the foundation of the AIP. Based on consultations conducted by the group, concrete cases and examples of best practices are deemed very valuable to make the six principles of the AIP more tangible. Developing the AIP to make it more practically applicable was also one of the recommendations in the analysis “Business financing in the Arctic” (2018). Therefore, the IIWG proposes to strengthen the AIP by creating an annex which lists best practices and practical examples on how to implement these six principles.

For the full text of the Arctic Investment protocol, please go to bit.ly/ArcticIP

To submit your best practices please go bit.ly/BestpracticeAIP

 

Background

The World Economic Forum’s (WEF) Arctic Global Agenda Council published an Arctic Investment Protocol (AIP) with an intention to start a discussion and build a coalition around responsible investment in the Arctic. While the World Economic Forum’s Arctic Global Agenda Council ceased to exist in 2016, the 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 later the same year. The role of the AEC includes continuing to build a coalition of support around the principles laid out in the AIP.