Extractive Industries Transparency Initiative

The Extractive Industries Transparency Initiative (EITI) is a global coalition of governments, companies and civil society working together to improve openness and accountable management of revenues from natural resources.

The EITI came about in an environment of increasing pressure from civil society organisations in the late 1990s for transparency in the payments and revenues stemming from the extractive industry. In 2003, the 12 EITI Principles, focusing on the need for transparent management of natural resources, were created. Goals:

  1. Set a global standard for companies to publish what they pay and for governments to disclose what they receive.
  2. Strengthen governance in resource-rich companies by improving transparency and accountability in the extractive sector
  3. Level the playing field for companies.
  4. Ensure that civil society receives reliable information about the extractive industries sector.
Year
2002
Country
International
Sector
Energy
Mining
Active
Active

Last updated: 13.05.2020

This information is gathered from open-source data and in some cases has been provided by initiative facilitators. We cannot guarantee the accuracy or completeness of the information and do not take responsibility for decisions made on the basis of it. Please inform us of any errors by emailing us at the contact details on the main database page.