Arctic Environmental Responsibility Index

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The Arctic Environmental Responsibility Index (AERI) is a ranking of environmental responsibility based on a survey among 173 members of the International Panel on Arctic Environmental Responsibility (IPAER) [1] , whose input is processed using segmented string relative ranking (SSRR) which is similar to the PageRank algorithm used by the Google search engine and applicable to social science disciplines, especially economics, sociology, and political science. [2] The index's creators hope it can work as a self-governance tool. [3] It covers 120 oil, gas, and mining companies involved in resource extraction north of the Arctic Circle in Alaska, Canada, Greenland, Finland, Norway, Russia, and Sweden. [4] Its objectivity and reliability have been debated, even from within the industry. [5] [3]

Ranking

Top ranked companies

RankCompanyCountry
1 Equinor Flag of Norway.svg  Norway
2 Total Flag of Norway.svg Norway
3 Aker BP Flag of Norway.svg Norway
4 ConocoPhillips Flag of the United States.svg  United States
5 BP Flag of the United States.svg United States
6 Exxon Mobil Flag of the United States.svg United States
7 eni Flag of the United States.svg United States
8 Anglo American Flag of Finland.svg  Finland
9 Repsol Flag of the United States.svg United States

References

  1. "The International Panel on Arctic Environmental Responsibility". NUPI. Retrieved 2025-02-13.
  2. Overland, Indra; Juraev, Javlon (10 January 2019). "Algorithm for Producing Rankings Based on Expert Surveys". Algorithms. 12 (1): 19. doi:10.3390/a12010019.{{cite journal}}: CS1 maint: unflagged free DOI (link)
  3. 1 2 Danilov, Peter B. (2021-05-05). "Conflicting Reactions From Mining Companies Over New Arctic Environmental Responsibility Index". High North News. Retrieved 2025-02-13.
  4. Overland, Indra; Bourmistrov, Anatoli; Dale, Brigt; Irlbacher‐Fox, Stephanie; Juraev, Javlon; Podgaiskii, Eduard; Stammler, Florian; Tsani, Stella; Vakulchuk, Roman; Wilson, Emma C. (May 2021). "The Arctic Environmental Responsibility Index : A method to rank heterogenous extractive industry companies for governance purposes". Business Strategy and the Environment. 30 (4): 1623–1643. doi:10.1002/bse.2698.
  5. "The Arctic Environmental Responsibility Index – oil and gas better than mining?". News. 2021-03-11. Retrieved 2025-02-13.