As the world recovers from the impacts of the COVID-19 pandemic, there is increasing demand for resource investments with strong Environmental, Social, and Governance, or ESG, performance which, alongside financial factors, are strongly influencing today’s investment decision-makers.

 

For many, ESG is a new way of thinking but not so in the Northwest Territories (NWT) resource sector where, in the last 25 years, a unique and truly collaborative model for exploration and development has evolved.

 

It places environmental protection, traditional knowledge and Indigenous rights at the centre of decision making; and has flourished thanks to partnerships between the NWT’s diamond industry, northern and Indigenous governments, and communities.

 

With resource royalty sharing, socio-economic and impact benefit agreements, regulatory co-management and joint regulation and legislation development, the NWT is at the forefront of Indigenous participation in mining, exploration, and development in Canada - and likely globally.

 

As the territory positions itself to meet the energy and mineral needs of the future, it is also working to become even more attractive to today’s ESG-conscious investors and project developers.

 

It is not just that the NWT is “open” for business, but rather that business is getting done in a manner that is respectful and inclusive of NWT residents; their business interests, cultures, traditions and priorities.

 

 

The NWT’s ESG-centred approach can be hard work and meaningful relationships and partnerships take more time upfront. Yet, the NWT model is proving that it can secure support and acceptance for projects through their full lifecycle.

 

This assurance is the very definition of a secure investment and, together with its incredible resource potential, sets the NWT apart from global competitors.

For investors looking for opportunities to work in a jurisdiction with a strong environmental record and established Indigenous governments; and in building and promoting environmentally and socially responsible projects, the NWT is a great place to invest and do business.