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Visit our new website hereStatement from the EITI International Secretariat
We note the BBC Panorama documentary “the $10 Billion Energy Scandal” on Sunday 2 June and subsequent statements regarding the Extractive Industries Transparency Initiative (EITI) Validation of Senegal.
Senegal was admitted as an EITI member country in October 2013. In accordance with the EITI Standard, all EITI implementing countries are subject to period evaluation (“Validation”). The Validation of Senegal commenced in July 2017.
Emerging global trends, increasing interconnectivity and rapid digitisation are changing the game for extractives transparency. As the EITI pushes new boundaries, we adopt a refreshed visual identity that reflects our diversity and forward-looking agenda.
The EITI has come a long way since its inception in 2003. Over the past 13 years, a staggering USD 2.5 trillion worth of revenues has been disclosed by its ever-growing network of 50+ EITI-implementing countries. The EITI Standard,
Announcement of EITI Members' meeting
The EITI Board will host a Members' Meeting, alongside the EITI Global Conference, on 17 June at 16:00 at the OECD Conference Centre, 2, rue André Pascal, Paris.
The EITI Members' meeting is the highest governance body of the EITI. It meets every three years to appoint the EITI Board for the next two years. A Member of the EITI Association is a personal representative of a country (meaning state), company,
The EITI is proud to announce the winners of this year's competitions:
Best photo by Sarah Weber - Students simulating the EITI multi-stakeholder model, Democratic Republic of Congo
Best infographic by Madeiline Joy Aloria - Towards good governance in the extractive industry, Philippines
Best EITI impact narrative by Luke Viljoen, Exploration Geologist in Zambia
Chad has made meaningful progress in implementing the EITI with significant improvements in contract transparency and commodity trading.
The EITI Board decided that Chad has made meaningful progress in implementing the EITI Standard. Validation, which is the quality assurance of the EITI Standard found that Chad’s performance in implementing EITI Requirements has been generally positive but remains uneven.
With all requirements met, Germany is set to embrace routine disclosures and innovate further.
Germany was recognised today by the EITI Board as having made satisfactory progress across all EITI Requirements. An active advocate and supporter for the EITI internationally, Germany started implementing the EITI in 2016 to demonstrate its own commitment to responsible natural resource governance.
Today, the London Metal Exchange (LME), the world’s largest market for minerals, launched a formal consultation on the proposed rules for responsible mineral sourcing that will be applicable to all LME-listed companies. The proposed rules draw on the EITI reporting requirements and the OECD due diligence guidelines.
Efforts to bring transparency to the commodity trading sector were given new momentum last month in Switzerland, the global centre for commodity traders. EITI Chair Fredrik Reinfeldt addressed traders at the FT Commodities Summit in Lausanne. This was followed by a meeting with EITI stakeholders and trading companies to address how the EITI Standard can support their efforts to be more transparent when purchasing natural resources.
Winners will be invited to attend the EITI Global Conference in June
In the lead-up to the EITI Global Conference to be held in Paris on 18 – 19 June, the International Secretariat has launched three competitions with the theme “Open Data, Build Trust,” inviting stakeholders and members of the public to demonstrate the impact of EITI implementation in their country.
Having met all the requirements of the EITI Standard, country seeks to entrench transparency in government and company systems.
Nigeria’s pioneering use of multi-stakeholder governance to disclose data on its upstream extractives value chain was recognised today by the EITI Board. It became the first Anglophone African country to have made satisfactory progress in implementing all the requirements of the EITI Standard.
