This factsheet provides a two-page introduction to the Extractive Industries Transparency Initiative (EITI).
These reporting guidelines are for use by companies buying oil, gas and minerals from governments to inform their disclosures on payments to governments in their own company reports. They aim to ensure the consistent disclosure of payments to the state or state-owned enterprises (SOEs) where:
Oil, gas or minerals are being sold on behalf of the state,EITI requirements are applicable and relevant, orThere is commitment to transparency in commodity sales.
This paper is the result of research and a comprehensive review and interrogation of how the EITI and Open Ownership work. It has benefited from the engagement of a wide range of stakeholders from both organisations, and key global and local partners. The process included interviews with experts and government implementers of beneficial ownership transparency, both at the international and country level.
Solicitud de expresión de interés: Consultor responsable por la elaboración del Informe flexible de EITI Argentina
Para la elaboración de su informe EITI 2018, el grupo multipartícipe de Argentina (GMP) ha decidido adoptar el enfoque de mayor flexibilidad ofrecido por el Consejo Internacional de EITI como respuesta a la pandemia del Covid-19. A su vez, el GMP también ha optado por contratar un consultor con la asistencia del Secretariado Internacional de EITI, quien está apoyando al país en la preparación de dicho informe y la adopción de las medidas de flexibilidad correspondientes.
Request for expression of interest: Consultant responsible for writing the EITI-Argentina Flexible Report (fiscal year 2018)
For preparation of its 2018 EITI Report, the Argentina MSG has decided to adopt the Flexible EITI reporting approach offered by the EITI International Board in response to the Covid-19 pandemic. In turn, the Argentinean MSG has also decided to recruit a consultant, with the assistance of the International Secretariat, which is supporting the country in its preparation of their first Report and the adoption of the corresponding flexibility measures.
The 47th EITI Board meeting was held virtually on 16-17 June.
Agenda in English and in French (see below).
Minutes in English and in French (see below).
Decisions taken at the Board meeting can be found here
Find an overview of all Board meetings here
Any queries regarding the 47th Board meeting should be addressed to: Secretariat@eiti.org
On 11 September 2020, Seychelles was found to have made meaningful progress with considerable improvements in implementing the 2019 EITI Standard.
Timeline of Validation and related materials1 April 2020: Validation commencedSecretariat assessment & comments10 June 2020 - Draft Secretariat assessment [English]17 July 2020 - Comments from the MSG [English]DATE - Final Secretariat assessment [English]Validation Committee and Board review4 September 2020 - VC Recomme
EITI Comments on Proposed Rule: Disclosure of Payments by Resource Extraction Issuers
On 16 March 2020, the EITI wrote to the U.S. Securities and Exchange Commission (SEC) to comment on its proposed rule implementing Section 1504 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Please find the letter below.
See the related press release: EITI calls on SEC to align rules with international transparency efforts
Board Paper 46-4-B for the Board's decision on establishing a pilot to accelerate systematic disclosures in EITI countries. The Board decided to adopt the Implementation Committees recommendations (decision 2020-07/BM-46
The Implementation Committee recommends that the Board reviews progress with encouraging systematic disclosure. The Implementation Committee has assessed the progress made in implementing the recommendations agreed in February 2018. The Committee’s main finding is that implementing countries have made limited progress with systematic disclosures.
The EITI's accounts are audited by HCA Revisjons & Rådgivning AS who were engaged as EITI’s auditor in 2014 by the Board. The auditor in the period 2007 until 2014 was MGI Revisjon Asker DA, named Grant Thornton Asker before 2008.