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HandWiki. Extractive Industries Transparency Initiative. Encyclopedia. Available online: https://encyclopedia.pub/entry/32074 (accessed on 23 September 2026).
HandWiki. Extractive Industries Transparency Initiative. Encyclopedia. Available at: https://encyclopedia.pub/entry/32074. Accessed September 23, 2026.
HandWiki. "Extractive Industries Transparency Initiative" Encyclopedia, https://encyclopedia.pub/entry/32074 (accessed September 23, 2026).
HandWiki. (2022, October 31). Extractive Industries Transparency Initiative. In Encyclopedia. https://encyclopedia.pub/entry/32074
HandWiki. "Extractive Industries Transparency Initiative." Encyclopedia. Web. 31 October, 2022.
Extractive Industries Transparency Initiative
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The Extractive Industries Transparency Initiative (EITI) is a global standard for the good governance of oil, gas and mineral resources. It seeks to address the key governance issues in the extractive sectors. The EITI Standard requires information along the extractive industry value chain from the point of extraction, to how the revenue makes its way through the government and its contribution to the economy. This includes how licenses and contracts are allocated and registered, who the beneficial owners of those operations are, what the fiscal and legal arrangements are, how much is produced, how much is paid, where the revenue is allocated, and its contributions to the economy, including employment. The EITI Standard is implemented in 52 countries around the world. Each of these countries is required to publish an annual EITI Report to disclosing information on: contracts and licenses, production, revenue collection, revenue allocation, and social and economic spending. Every country goes through a quality-assurance mechanism, called Validation, at least every three years. Validation serves to assess performance towards meeting the EITI Standard and promote dialogue and learning at the country level. It also safeguards the integrity of the EITI by holding all EITI implementing countries to the same global standard. Each implementing country has its own national secretariat and multi-stakeholder group made up of representatives from the country’s government, extractive companies and civil society. The multi-stakeholder group takes decisions on how the EITI process is carried out in the country. The EITI Standard is developed and overseen by an international multi-stakeholder Board, consisting of representatives from governments, extractives companies, civil society organisations, financial institutions and international organisations. The current Chair of the EITI is Fredrik Reinfeldt, former Prime Minister of Sweden. The previous chairs have been Clare Short (2011-2016), former UK Secretary of State for International Development and Peter Eigen (2009-2011). The EITI International Secretariat is located in Oslo, Norway and is headed by Eddie Rich.

civil society multi-stakeholder financial institutions

References

  1. [http:/www.dfid.gov.uk/pubs/files/eitidraftreportstatement.pdf "Statement of Principles and Agreed Actions, EITI"]. UK Government. http:/www.dfid.gov.uk/pubs/files/eitidraftreportstatement.pdf. Retrieved 1 September 2014. 
  2. "History of EITI". http://eiti.org/eiti/history. Retrieved 1 September 2014. 
  3. "Final attendee list, Extractive Industries Transparency Initiative (EITI) London Conference 17 June 2003". DFID, UK. Archived from the original on 1 July 2007. http://webarchive.nationalarchives.gov.uk/20070701080507/http://www.dfid.gov.uk/pubs/files/eitidraftreportattendance.pdf. Retrieved 1 September 2014. 
  4. "Statement of Principles and Agreed Actions, EXTRACTIVE INDUSTRIES TRANSPARENCY INITIATIVE (EITI) London Conference, 17 June 2003". DFID, UK. Archived from the original on 1 July 2007. http://webarchive.nationalarchives.gov.uk/20070701080507/http://www.dfid.gov.uk/pubs/files/eitidraftreportstatement.pdf. Retrieved 1 September 2014. 
  5. "History of the EITI". EITI. http://eiti.org/eiti/history. Retrieved 1 September 2014. 
  6. "The EITI Oslo Conference: Making transparency a global norm". http://www.regjeringen.no/en/archive/Stoltenbergs-2nd-Government/Ministry-of-Foreign-Affairs/Veiledninger-og-brosjyrer/2006/eiti_conference.html?regj_oss=1&id=419568. Retrieved 1 September 2014. 
  7. "Norway to host EITI international secretariat". Ministry of Foreign Affairs. http://www.regjeringen.no/en/archive/Stoltenbergs-2nd-Government/Ministry-of-Foreign-Affairs/Nyheter-og-pressemeldinger/pressemeldinger/2006/norway-to-host-eiti-international-secret.html?regj_oss=1&id=439120. 
  8. https://web.archive.org/web/20130510191309/http://eiti.org/news-events/2011-edition-eiti-rules
  9. Dawson, Stella (March 1, 2013). "EITI board raises bar on global standards to report natural resource revenues". Thompson Reuters Foundation. http://www.trust.org/item/?map=eiti-board-raises-bar-on-global-standards-to-report-natural-resource-revenues. Retrieved 1 September 2014. 
  10. "EITI Articles of Association". http://eiti.org/document/eiti-articles-association. 
  11. "EITI - How we are funded". http://eiti.org/about/funding. 
  12. "EITI Countries". http://eiti.org/countries. 
  13. "FAQs for governments considering EITI implementation". http://eiti.org/eiti/faq-countries-considering-eiti. 
  14. EITI International Secretariat (17 July 2017). "Validation consequences". https://eiti.org/validation#validation-consequences. 
  15. EITI International Secretariat (17 July 2017). "Upholding the Standard internationally: Validation". https://eiti.org/about/how-we-work#upholding-the-standard-internationally-validation. 
  16. "EITI Validation". http://eiti.org/validation. 
  17. http://eiti.org/countries/other
  18. "Outcomes and impact of the EITI". https://eiti.org/outcomes-impact-of-eiti. Retrieved 17 November 2017. 
  19. EITI International Secretariat (17 July 2017). "EITI Progress Report 2017 - analysing impact". https://eiti.org/progress-report-2017/analysing-impact. 
  20. EITI International Secretariat (29 April 2016). "EITI Progress Report 2016". http://progrep.eiti.org/2016/country-focus/peru. 
  21. The Economist (17 February 2017). "A big signing: Donald Trump signs a law repealing a disclosure rule for oil companies". https://www.economist.com/blogs/democracyinamerica/2017/02/big-signing. 
  22. Malden, Alexander (26 January 2017). "A safer bet? Evaluating the effects of the Extractive Industries Transparency Initiative on mineral investment climate attractiveness". The Extractive Industries and Society 3 (4): 788–794. doi:10.1016/j.exis.2017.01.008.  https://dx.doi.org/10.1016%2Fj.exis.2017.01.008
  23. "Stakeholders". http://eiti.org/supporters/companies. Retrieved 3 September 2014. 
  24. EITI International Secretariat (17 July 2016). "EITI funding - contributions from implementing countries and companies". https://eiti.org/funding#contributions-from-implementing-countries-and-companies. 
  25. "Extracting oil, burying data". The Economist. http://www.economist.com/node/21548214. Retrieved 3 September 2014. 
  26. "Comment - Beyond transparency: EITI stretches 'civil society' role". Oil & Gas Journal. http://www.ogj.com/articles/print/vol-110/issue-4/general-interest/comment-beyond-transparency.html. Retrieved 4 September 2014. 
  27. "Rohstoffhandel blüht gleiches Schicksal wie den Banken". Tagesanzeiger online. 2014-08-25. http://www.tagesanzeiger.ch/wirtschaft/unternehmen-und-konjunktur/Rohstoffhandel-blueht-gleiches-Schicksal-wie-den-Banken/story/23012824. Retrieved 3 September 2014. 
  28. EITI International Secretariat (June 2017). "Guidance note 26 - Reporting on first trades in oil". https://eiti.org/GN26. 
  29. Biron, Carey L. (21 March 2014). "In Accepting Ethiopia, Transparency Group 'Sacrifices Credibility'". Inter Press Service. http://www.ipsnews.net/2014/03/accepting-ethiopia-transparency-group-sacrifices-credibility/. Retrieved 21 March 2014. 
  30. "Extractive Industries: A New Accountability Agenda". Human Rights Watch. https://www.hrw.org/news/2013/05/21/extractive-industries-new-accountability-agenda. Retrieved 2014-08-25. 
  31. "Azerbaijan: Transparency Group Should Suspend Membership". Human Rights Watch. 14 August 2014. https://www.hrw.org/news/2014/08/14/azerbaijan-transparency-group-should-suspend-membership. Retrieved 25 August 2014. 
  32. Bloomberg (4 May 2017). "EBRD Pushes on With Azerbaijan Gas Loan After Transparency Rift". Bloomberg Markets. https://www.bloomberg.com/news/articles/2017-05-04/ebrd-pushes-on-with-azerbaijan-gas-loan-after-transparency-rift. 
  33. Nissen, A. (11 November 2019). "The European Union as a Manager of Global 'Business and Human Rights' Regulation: Country-by-Country Reporting Rules". UCL Journal of Law & Jurisprudence 8 (2): 708. https://discovery.ucl.ac.uk/id/eprint/10086921/. 
  34. Nissen, A. (11 November 2019). "The European Union as a Manager of Global 'Business and Human Rights' Regulation: Country-by-Country Reporting Rules". UCL Journal of Law & Jurisprudence 8 (2): 708. https://discovery.ucl.ac.uk/id/eprint/10086921/. 
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