The Arctic Environmental Responsibility Index: A method to rank heterogenous extractive industry companies for governance purposes ...

• Main Authors: Overland, Indra, Bourmistrov, Anatoli, Dale, Brigt, Irlbacher-Fox, Stephanie, Juraev, Javlon, Podgaiskii, Eduard, Stammler, Florian, Tsani, Stella, Vakulchuk, Roman, Wilson, Emma C
• Format: Article in Journal/Newspaper
• Language: English
• Published: Wiley 2021
• Subjects: environmental governance; environmental responsibility; extractive industries; index methodology; mining; oil and gas; Arctic; Canada; Greenland; Norway; Alaska
• Online Access: https://dx.doi.org/10.17863/cam.69288; https://www.repository.cam.ac.uk/handle/1810/321830

AbstractThe Arctic Environmental Responsibility Index (AERI) 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. It is based on an international expert perception survey among 173 members of the International Panel on Arctic Environmental Responsibility (IPAER), whose input is processed using segmented string relative ranking (SSRR) methodology. Equinor, Total, Aker BP, ConocoPhillips, and BP are seen as the most environmentally responsible companies, whereas Dalmorneftegeophysica, Zarubejneft, ERIELL, First Ore‐Mining Company, and Stroygaz Consulting are seen as the least environmentally responsible. Companies operating in Alaska have the highest average rank, whereas those operating in Russia have the lowest average rank. Larger companies tend to rank higher than smaller companies, state‐controlled companies rank higher than privately controlled companies, and oil and gas companies higher ...