Global Agenda Council On The Arctic Arctic Investment .
Global Agenda Council on the ArcticArctic Investment ProtocolGuidelines for ResponsibleInvestment in the ArcticDecember 2015
Arctic Investment ProtocolThe Arctic is a diverse, rapidly-changing andenvironmentally sensitive region that is home for its fourmillion residents and also an emerging global investmentopportunity. To balance these dimensions, the InvestmentProtocol of the World Economic Forum Global AgendaCouncil on the Arctic aspires to promote sustainable andequitable economic growth in the region that furtherscommunity well-being and builds resilient societies in afair, inclusive and environmentally sound manner. Thefollowing principles lay the foundation for responsible Arcticdevelopment:1. Build resilient societies through economicdevelopment––Take a long-term investment view––Promote long-term sustainability and economicdiversification of projects and communities––Create job opportunities and skills for residents, develophuman capital that can serve to develop and diversifyregional economies––Promote development of civil societies througheconomic growth––Openly discuss active partnerships with Arcticcommunities through investment opportunities2. Respect and include local communities andindigenous peoples––Respect the rights of indigenous and local people andmitigate any adverse impact on their traditionalpractices––Consult with local authorities, indigenous governancestructures and relevant community authorities––Before undertaking any activity that might adverselyaffect the traditional practices and livelihood of localcommunities and indigenous peoples, develop aconsultation process that seeks agreement andcomplies with domestic laws––Promote capacity-building in local communities andwith indigenous peoples in order to enable activeparticipation in processes concerning the land, territoriesor resourcesWorld Economic Forum 2015 – All rights reserved.No part of this publication may be reproduced ortransmitted in any form or by any means, includingphotocopying and recording, or by any informationstorage and retrieval system.REF 1611153. Pursue measures to protect the environment of theArctic––Review the feasibility of investment opportunities bybalancing economic benefits with environmental andclimate goals, incorporating environmental and socialconcerns into investment analysis––Recognize the close linkages between the biophysicalenvironment and society in the Arctic, and approachimpact analysis in a holistic manner. Responsiblyengage local communities in pursuit of measures toprotect the Arctic environment with an ecosystem-basedmanagement approach where such an approach isrequired by national and international law––Pursue technically and financially feasible measuresthat minimize the potential for adverse impact on theenvironment and health––Where project impact is unknown or difficult to assess,investors and developers should take measuresto manage project impact by implementing strongmitigation procedures and following a scientific andknowledge-based approach4. Practice responsible and transparent businessmethods––Conduct all business in a fair, legal and transparentmanner; actively fight corruption––Evaluate, report as required and address impacts on, aswell as benefits for, communities and the environment atall stages––Encourage the development of a grievance process forlocal communities, indigenous peoples and other Arcticstakeholders, in compliance with domestic laws5. Consult and integrate science and traditionalecological knowledge––Pursue rigorous scientific research working towardsunderstanding the impact of investment projects and ofthe broader effects of commercial activity in the Arctic––Develop an overall foundation for investmentthat integrates rigorous science with traditional/local ecological knowledge to ensure adequateenvironmental, social and economic impact assessment––Adhere to accepted research norms for baseline dataand impact monitoring in conjunction with investment
6. Strengthen pan-Arcticcollaboration and sharing of bestpractices––Encourage public-privatepartnerships and collaborationwhere appropriate––Recognize that the Arctic is adiverse and distinct environmentwith large geographical,demographic, seasonal andclimatic variations that willdetermine the optimal regulatoryframework and approaches acrossregions and situations––Promote cross-border dialogueto adopt common standardsand best practices to maximizethe environmental, social andfinancial benefits of development inaccordance with relevant nationaland international laws.As members of the global communitywishing that development in the Arcticis responsible and sustainable, weencourage citizens and organizationsaround the world to support thesix broad principles of the ArcticInvestment Protocol.International guidelines have beenconsulted to inform the drafting ofthe Arctic Investment Protocol. Seethe Appendix for a full list of theorganizations consulted.Guidelines for Responsible Investment in the Arctic3
AppendixAspen Principles for Long-Term Value Creation Explicitly written as aspirational guidelines for goodbusiness practice. In subscribing, and moving over timeto implement these outcome-oriented principles in theirown organizations, operating companies and investors areleading by example and taking a stand that a long-termfocus is critical to long-term value lt/files/content/images/Aspen Principles with signers June 10 0.pdfThe Aspen Institute (2007), Long-Term Value Creation:Guiding Principles For Corporations and Investors.Aspen Principles of Arctic Governance – The Principlesform the foundation and the standards by which futuregovernance and sustainable management of humanactivities in the Arctic should be measured. The principlesare:1. Optimize ecosystem resilience, integrity and productivityby maintaining food-web (trophic) structure andprotecting and restoring biodiversity and availablehabitat.2. Maintain the full suite of Arctic ecosystem services tosupport human well-being on a continuing basis.3. Promote investment in scientific research and relatedinfrastructure necessary to ensure sustainabledevelopment and environmental protection.4. Avoid exacerbating changes that may be difficult orimpossible to reverse in temperature, sea-ice extent,pH, and other key physical, chemical and biologicalecosystem parameters.5. Assess, monitor and manage multiple human activitiesusing an integrated, adaptive, ecosystem-basedmanagement system that takes into account risks andcumulative and interacting effects.6. Apply ecosystem management processes based onscience and traditional knowledge. New and expandedhuman activities are subject to prior assessment.Prudent measures to reduce or eliminate impacts areto be taken when there are reasonable grounds forconcern that such activities will, directly or indirectly,bring about hazards to human health, harm livingresources and ecosystems, damage amenities orinterfere with other legitimate uses.7. Fully respect the rights, including human rights, of Arcticresidents and Arctic indigenous peoples, and maximizeparticipation in and transparency of decision-making forall interested stakeholders.8. Link global policy discussions to the need to conserveand manage Arctic ecosystems and dependentcommunities.9. Promote cooperation among Arctic States to arrive atappropriate standards for managing activities in theArctic to meet the special conditions of the Arctic region,while promoting sustainable development.10. Inform, in a timely manner, national and internationaldecision-makers as well as the public of theconsequences of climate change impacts in the Arctic,and needed actions required to meet the above notedprinciples.4Arctic Investment .pdfThe Aspen Institute (2011), The Shared Future: A Report ofthe Aspen Institute Commission On Arctic Climate ChangeEquator Principles - The Equator Principles is a riskmanagement framework, adopted by financial institutions,for determining, assessing and managing environmentaland social risk in projects and is primarily intended toprovide a minimum standard for due diligence to supportresponsible risk decision-making. The Equator Principlesapply globally, to all industry sectors and to four financialproducts 1) Project Finance Advisory Services 2) ProjectFinance 3) Project-Related Corporate Loans and 4) urces/equatorprinciples III.pdfThe Equator Principles Association (2011), The EquatorPrinciplesExtractive Industries Transparency Initiative The Extractive Industries Transparency Initiative (EITI)is a global Standard to promote open and accountablemanagement of natural resources. It seeks to strengthengovernment and company systems, inform public debate,and enhance trust. In each implementing country it issupported by a coalition of governments, companies andcivil society working together. Natural resources, such asoil, gas, metals and minerals, belong to a country’s citizens.Extraction of these resources can lead to economicgrowth and social development. However, when poorlymanaged it has too often lead to corruption and even
conflict. More openness around how a country manages itsnatural resource wealth is necessary to ensure that theseresources can benefit all citizens. The EITI Principles are:1. We share a belief that the prudent use of naturalresource wealth should be an important engine forsustainable economic growth that contributes tosustainable development and poverty reduction, but ifnot managed properly, can create negative economicand social impacts.2. We affirm that management of natural resource wealthfor the benefit of a country’s citizens is in the domain ofsovereign governments to be exercised in the interestsof their national development.3. We recognise that the benefits of resource extractionoccur as revenue streams over many years and can behighly price dependent.4. We recognise that a public understanding of governmentrevenues and expenditure over time could help publicdebate and inform choice of appropriate and realisticoptions for sustainable development.5. We underline the importance of transparency bygovernments and companies in the extractiveindustries and the need to enhance public financialmanagement and accountability.6. We recognise that achievement of greater transparencymust be set in the context of respect for contracts andlaws.7. We recognise the enhanced environment for domesticand foreign direct investment that financial transparencymay bring.8. We believe in the principle and practice of accountabilityby government to all citizens for the stewardship ofrevenue streams and public expenditure.9. We are committed to encouraging high standardsof transparency and accountability in public life,government operations and in business,10. We believe that a broadly consistent and workableapproach to the disclosure of payments and revenues isrequired, which is simple to undertake and to use.11. We believe that payments’ disclosure in a given countryshould involve all extractive industry companiesoperating in that country.12. In seeking solutions, we believe that all stakeholdershave important and relevant contributions to make –including governments and their agencies, extractiveindustry companies, service companies, multilateralorganisations, financial organisations, investors, andnon-governmental active Industries Transparency Initiative (2003),The EITI PrinciplesInternational Council on Mining & Metals IndigenousPeoples and Mining Position Statement - Thisposition statement sets out ICMM members’ approach toengaging with Indigenous Peoples and to free, prior andinformed consent (FPIC) ICMM’s vision is for constructiverelationships between mining and metals companies andIndigenous Peoples that are based on mutual respect,meaningful engagement, trust and mutual benefit.Recognizing the potential vulnerability of IndigenousPeoples, the commitments in this position statement maybe summarized as requiring members to: respect therights, interests, special connections to lands and waters,and perspectives of Indigenous Peoples, where miningprojects are to be located on lands traditionally owned byor under customary use of Indigenous Peoples; adopt andapply engagement and consultation processes that ensurethe meaningful participation of indigenous communities indecision making, through a process that is consistent withtheir traditional decision-making processes and is basedon good faith negotiation; work to obtain the consentof Indigenous Peoples where required by this 33International Council on Mining and Metals (2013),Indigenous Peoples and Mining Position StatementInternational Maritime Organization (IMO) - As aspecialized agency of the United Nations, IMO is theglobal standard-setting authority for the safety, securityand environmental performance of international shipping.Its main role is to create a regulatory framework for theshipping industry that is fair and effective, universallyadopted and universally ult.aspxInternational Finance Corporation (IFC) PerformanceStandards on Environmental and Social Sustainability- The Performance Standards provide guidance on howto identify risks and impacts, and are designed to helpavoid, mitigate, and manage risks and impacts as a way ofdoing business in a sustainable way, including stakeholderengagement and disclosure obligations. The PerformanceStandards are:–– Performance Standard 1: Assessment and Managementof Environmental and Social Risks and Impacts–– Performance Standard 2: Labor and Working Conditions–– Performance Standard 3: Resource Efficiency andPollution Prevention–– Performance Standard 4: Community Health, Safety,and Security–– Performance Standard 5: Land Acquisition andInvoluntary Resettlement–– Performance Standard 6: Biodiversity Conservation andSustainable Management of Living Natural Resources–– Performance Standard 7: Indigenous Peoples–– Performance Standard 8: Cultural HeritageGuidelines for Responsible Investment in the Arctic5
b96fbffd1a5d13d27/PS English 2012 Full-Document.pdf?MOD AJPERESInternational Finance Corporation (2012), PerformanceStandards on Environmental and Social SustainabilityNational Science Foundation (U.S.) Principles for theConduct of Research in the Arctic - The principles areformulated to provide guidance for researchers in thephysical, biological, behavioral, health, economic, political,and social sciences and in the humanities. These principlesare to be observed when carrying out or sponsoringresearch in Arctic and northern regions or when applyingthe results of this research. The principles address the needto promote mutual respect and communication betweenscientists and northern residents. Cooperation is neededat all stages of research planning and implementation inprojects that directly affect northern people. Cooperationwill contribute to a better understanding of the potentialbenefits of Arctic research for northern residents and willcontribute to the development of northern science throughtraditional knowledge and ct.jspNational Science Foundation, Principles for the Conduct ofResearch in the Arctic6Arctic Investment ProtocolOrganisation for Economic Cooperation andDevelopment Guidelines for Multinational EnterprisesThe OECD Guidelines for Multinational Enterprises(MNEs) are a set of recommendations on responsiblebusiness conduct addressed by governments toMNEs operating in or from adhering countries. Theyare supported by representatives of business, workerorganisations and non-governmental organisations. Theyare most comprehensive set of government-backedrecommendations on responsible business conductin existence today. The governments adhering to theGuidelines aim to encourage and maximize the positiveimpact MNEs can make to sustainable development andenduring social progress. They provide voluntary principlesand standards for responsible business conduct in areassuch as employment and industrial relations, human rights,environment, information disclosure, combating bribery,consumer interests, science and technology, competition,and taxation. The Guidelines were first adopted in 1976and have been reviewed 5 times since then (the last time in2011) to ensure that they remain a leading tool to promoteresponsible business conduct in the changing landscape ofthe global economy. The Guidelines were developed withthe active participation of business, labour, NGOs, nonadhering countries and international organisations.Adhering countries are obliged to set up NationalContact Points (NCPs) that are tasked with furthering theeffectiveness of the Guidelines by undertaking promotionalactivities, handling inquiries, and providing a mediation andconciliation platform for resolving issues that arise from thealleged non-observance of the Guidelines. This makes theGuidelines the only international corporate responsibilityinstrument with a built-in grievance mechanism.
The Guidelines focus on two aspects of the businesssociety relationship: 1) positive contribution MNEs canmake to sustainable development, and 2) avoiding adverseimpacts and addressing them when they do occur.Addressing the two sides of the same coin in a holisticmanner is one of the most important contributions theGuidelines make in the global field of responsible uidelinesRBCmatters.pdfOECD Guidelines For Multinational Enterprises ResponsibleBusiness Conduct MattersUN Guiding Principles on Business and Human RightsGeneral PrinciplesThese Guiding Principles are grounded in recognition of:(b) The role of business enterprises as specialized organsof society performing specialized functions, required tocomply with all applicable laws and to respect humanrights; and(c) The need for rights and obligations to be matched toappropriate and effective remedies when breached.Foundational PrinciplesII. The corporate responsibility to respect human rightsBusiness enterprises should respect human rights. Thismeans that they should avoid infringing on the humanrights of others and should address adverse human rightsimpacts with which they are involved.III. Access to remedyAs part of their duty to protect against business-relatedhuman rights abuse, States must take appropriate steps toensure, through judicial, administrative, legislative or otherappropriate means, that when such abuses occur withintheir territory and/or jurisdiction those affected have accessto effective /GuidingPrinciplesBusinessHR EN.pdfUnited Nations (2011), Guiding Principles on Business andHuman RightsUN Principles for Responsible Investment - The UnitedNations-supported Principles for Responsible Investment(PRI) Initiative is an international network of investorsworking together to put the six Principles for ResponsibleInvestment into practice. Its goal is to understand theimplications of sustainability for investors and supportsignatories to incorporate these issues into their investmentdecision making and ownership practices. The sixprinciples are:–– Principle 1: We will incorporate ESG issues intoinvestment analysis and decision-making processes.–– Possible actions:–– Address ESG issues in investment policy statements–– Support development of ESG-related tools, metrics, andanalyses–– Assess the capabilities of internal investment managersto incorporate ESG issues–– Assess the capabilities of external investment managersto incorporate ESG issues–– Ask investment service providers (such as financialanalysts, consultants, brokers, research firms, or rat
Global Agenda Council on the Arctic December 2015 Arctic Investment Protocol Gui
May 02, 2018 · D. Program Evaluation ͟The organization has provided a description of the framework for how each program will be evaluated. The framework should include all the elements below: ͟The evaluation methods are cost-effective for the organization ͟Quantitative and qualitative data is being collected (at Basics tier, data collection must have begun)
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On an exceptional basis, Member States may request UNESCO to provide thé candidates with access to thé platform so they can complète thé form by themselves. Thèse requests must be addressed to esd rize unesco. or by 15 A ril 2021 UNESCO will provide thé nomineewith accessto thé platform via their émail address.
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Le genou de Lucy. Odile Jacob. 1999. Coppens Y. Pré-textes. L’homme préhistorique en morceaux. Eds Odile Jacob. 2011. Costentin J., Delaveau P. Café, thé, chocolat, les bons effets sur le cerveau et pour le corps. Editions Odile Jacob. 2010. Crawford M., Marsh D. The driving force : food in human evolution and the future.
Le genou de Lucy. Odile Jacob. 1999. Coppens Y. Pré-textes. L’homme préhistorique en morceaux. Eds Odile Jacob. 2011. Costentin J., Delaveau P. Café, thé, chocolat, les bons effets sur le cerveau et pour le corps. Editions Odile Jacob. 2010. 3 Crawford M., Marsh D. The driving force : food in human evolution and the future.
