2020
DOI: 10.1017/s0032247420000108
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Soft law instruments on Arctic investment and sustainable development

Abstract: In recent years, two soft law instruments have emerged to promote sustainable development in the Arctic, namely the Arctic Investment Protocol by the World Economic Forum Global Agenda Council on the Arctic and the Arctic Economic Council’s Code of Ethics. These instruments seek to foster sustainable development through responsible investment and good business practices. The emergence of these soft law instruments by non-State actors demonstrates an interest from the business sector and Arctic stakeholders to … Show more

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Cited by 2 publications
(1 citation statement)
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“…The best business practices for earning "social license to operate" mining in the Arctic have also been elaborated by the Responsible Resource Development Working Group of the Arctic Economic Council (AEC) (AEC, 2019; Harland, 2019). The Arctic Investment Protocol, which provides a framework of responsible investment and good business practices in the Arctic, was drafted by the 2016 meeting of the World Economic Forum (Davos) and subsequently endorsed by the AEC in 2017 (Lim, 2020). Do these guidelines and practices inform the substantive content of the due diligence obligation of States in the specific context of Arctic mineral resource development?…”
Section: International Legal Framework For Sustainable Resource Develmentioning
confidence: 99%
“…The best business practices for earning "social license to operate" mining in the Arctic have also been elaborated by the Responsible Resource Development Working Group of the Arctic Economic Council (AEC) (AEC, 2019; Harland, 2019). The Arctic Investment Protocol, which provides a framework of responsible investment and good business practices in the Arctic, was drafted by the 2016 meeting of the World Economic Forum (Davos) and subsequently endorsed by the AEC in 2017 (Lim, 2020). Do these guidelines and practices inform the substantive content of the due diligence obligation of States in the specific context of Arctic mineral resource development?…”
Section: International Legal Framework For Sustainable Resource Develmentioning
confidence: 99%