Infrastructure and Investments Working Group-Guidelines for responsible investments in the Arctic
Stimulating economic growth
The Arctic Economic Council’s Investments & Infrastructure Working Group focuses on creating guidelines that aim for responsible investments and stimulating economic growth in the Arctic region. The goal of these guidelines is to provide information on who to consult when investing in a specific field and/or region in the Arctic. These guidelines are formed by the Arctic businesses, the local people and communities with the participation of financial institutions.
This benefits the local communities in the Arctic and the businesses pursuing the markets inside the Arctic area.
The Arctic is full of untapped potential
The Investments & Infrastructure Working Group aims to increase understanding that the Arctic is not a region with limited economic opportunity and potential but has potential to grow. The Investments & Infrastructure
Working Group aims to find out how different funding options can serve the region and how the Arctic can attract growth capital. This is a continuation of the work of World Economic Forum’s Arctic Investment Protocol to facilitate sustainable investments in the Arctic.
Benefits to members
Members participating in the Investments & Infrastructure Working Group will gather and provide the information needed in the process and participate in the formulating of responsible guidelines for the development in the Arctic.
Members will gain access to invaluable sources of information and the vast network of businesses operating in the Arctic. Members have the opportunity to participate in the forming of investment principles of the Arctic through the AEC.
The work of the Investments & Infrastructure Working Group is led by the Chair of the Investments and Infrastructure Working Group: Mr. Tero Kiviniemi.
“These guidelines can help make the Arctic investable, thus benefitting the socio-economic development of the region. Coming from the Northern parts of Finland myself, I see it of great value that these principles are prepared by the people of the Arctic in the driving seat.”
– Mr. Tero Kiviniemi, President and CEO of Destia Group Plc
Destia Oy is a Finnish contractor of road maintenance, roadworks, railways and other infrastructure construction
Mandate and Work Plan
IIWG Info sheet