Abstract
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 than mining companies. The creation of AERI demonstrates that SSRR is a low‐cost way to overcome the challenge of indexing environmental performance and contributing to environmental governance across disparate industrial sectors and states with divergent environmental standards and legal and political systems.
Highlights
Larger companies tend to rank higher than smaller companies, state-controlled companies rank higher than privately controlled companies, and oil and gas companies higher than mining companies
The creation of Arctic Environmental Responsibility Index (AERI) demonstrates that segmented string relative ranking (SSRR) is a low-cost way to overcome the challenge of indexing environmental performance and contributing to environmental governance
Whereas AERI yields results that are comparable with other rankthus act as an incentive for them to improve their performance. It ings, the AERI methodology has arguably could spur research that critically assesses to what extent the proven more sensitive to issues that are not captured in formal actual performances of larger companies support their placements in reporting
Summary
Norges Forskningsråd, Grant/Award Number: across disparate industrial sectors and states with divergent environmental standards and legal and political systems. A ranking such as AERI may function as an above the Arctic Circle makes up around 20 million km, a significant informal governance mechanism, influencing behavior not with rules portion of the planet's surface It spans three continents and eight or condemnation but rather through gamification: a competition in countries and draws the interest of many non-Arctic countries, as which some companies are more successful and others less so indicated by their observer status in the Arctic Council (including (Boer, 2003; Prakash, 2001). There appears to be greater interest in extractive company rankings in Russia than in other Arctic
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