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 France.svg France
3 Aker BP Flag of Norway.svg Norway
4 ConocoPhillips Flag of the United States.svg United States
5 BP Flag of England.svg England
6 ExxonMobil Flag of the United States.svg United States
7 eni Flag of Italy.svg Italy
8 Anglo American Flag of England.svg England
9 Repsol Flag of Spain.svg Spain

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 . hdl: 11250/2625995 .
  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.
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