Senior executives and strategic decision-makers representing different industries operating in the Arctic convened for two days in Bodø for the first Arctic Business 2014 in October. Founded by the Norwegian Shipowners’ Association, this bi-annual event is the first Arctic event for business by business and will serve as a global meeting place to establish and further the corporate agenda for the Arctic.
The conference is a showcase for business cases, best practice sharing and ideas for new policies and strategies. The Arctic Business Council, made up of international business leaders from various industries, held its inaugural meeting during the event on 9. October, addressing challenges around logistics, risk management and competence.
-The consequences of global climate change are dramatic in the Arctic region, says CEO of the Norwegian Shipowners’ Association Sturla Henriksen. - As the polar ice cap recedes, attention on the uncovering of natural resources and the opening up of new trade routes are increasing. It is important that business opportunities are addressed in a responsible and sustainable manner. The Arctic Business Council brings together the competence and insight of the business community, creating an arena for discussion and exchange of experiences in order to secure a sustainable business development and make a responsible contribution to the region.”
As the first result of the Arctic Business collaborative efforts between DNV GL and the Norwegian Shipowners’ Association, the Arctic Leadership Program for Executives (ALPEX) are launched with Duke Corporate Education as academic partner. The ALPEX program will explore the arctic from different angles and provide a knowledge based approach to both operating and understanding the different aspects of Arctic maritime operations.
-The objective is to offer companies operating in these difficult and challenging areas a relevant and knowledge based leadership program, Mr. Henriksen explains. The ALPEX program will teach best practices in safe maritime operations in the Arctic, as well as necessary organizational and leadership- strategies that will enable companies to develop business concepts for maritime activities in the Arctic The Arctic Business Council has also agreed to establish a permanent secretariat in Bodø responsible for further developing Arctic Business 2016. In order to keep up momentum in the discussion the council will meet in Oslo during Nor-Shipping in the intermediate years, first time in 2015.