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EITI factsheet

What is the EITI? What is the EITI Standard? What are the benefits of the EITI?Governments benefit from following an internationally

recognised transparency standard that demonstrates

commitment to reform and anti-corruption, and leads to

improvements to the tax collection process and enhanced trust

and stability in a volatile sector.

Companies benefit from a level playing field in which all

companies are required to disclose the same information. They

also benefit from an improved and more stable investment

climate in which they can more effectively engage with citizens

and civil society.

Citizens and civil society benefit from receiving reliable

information about the sector and a multi-stakeholder platform

where they can better hold the government and companies toaccount.

Energy security is enhanced by a more transparent and level

playing field. This increased stability encourages long-term

investment in production – and thus improves the reliability of

supply.

The EITI Standard is a set of seven requirements 

that countries need to meet in order to be recognised as

first an EITI Candidate and ultimately an EITI Compliant

country. The Standard is overseen by the i nternational EITI

Board, with members from governments, companies and

civil society.

Countries implement the EITI Standard to ensure

full openness of how their natural resource wealth is

managed.

By implementing the Standard countries must

disclose taxes and other payments made by oil, gas andmining companies to government in an annual EITI Report.

 The Report must also include explanatory information

about the natural resource sector, including: production

data, state ownership, transfers to local government,

licensing information, state-owned enterprises, and social

and infrastructure investments. It is also encouraged

to include additional information such as: beneficial

ownership, contract transparency and transit payments.

When all this information is gathered in an EITI

Report, it allows citizens to see for themselves how their

government is managing their natural resource wealth.

Transparency can only lead to accountability if

there is understanding of what the figures mean and

public debate about how the country’s resource wealth

should be managed. Therefore, the EITI Standard requires

that EITI Reports are comprehensible, actively promoted

and contribute to public debate.

The Extractive Industries Transparency Initiative(EITI) is a global coalition of governments,

companies and civil society working together to

improve openness and accountable managementof revenues from natural resources.

Why do we need the EITI? How does it work?Natural resources, such as oil, gas, metals and

minerals, belong to a country’s citizens. Extractionof these resources can lead to economic growth

and social development. However, when poorlymanaged it has too often led to corruption

and even conflict. More openness around how

a country manages its natural resource wealthis necessary to ensure that these resources can

benefit all citizens.

EITI implementing countries each have their

own national secretariat and multi-stakeholdergroup with members from government,

companies and civil society. Representatives fromimplementing countries serve on the international

EITI Board.

The EITI International Secretariat serves the

Board and manages the daily operation of the EITIat a global level.

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The EITI Standard 

Licenses &

contracts

Monitoring

production Tax collection   Revenue

distribution

Expenditure

management

Licensinginformation

(required)

Stateownership(required)

Productiondata(required)

Contracttransparency(encouraged)

Beneficialownership(encouraged)

 Transitpayments(encouraged)

 Transfers tolocal government(required)

Social andinfrastructureinvestments(required)

Governmentdiscloses revenues

Companiesdisclose payments

State-owned

enterprises(required)

EITI

Report

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1 EITI REQUIREMENT 1

 The EITI requires effective oversight by the multi-stakeholder group.

2 EITI REQUIREMENT 2

 The EITI requires timely publication of EITI Reports.

3 EITI REQUIREMENT 3

 The EITI requires EITI Reports that include contextual information about the extractive

industries.

4 EITI REQUIREMENT 4

 The EITI requires the production of comprehensive EITI Reports that include full

government disclosure of extractive industry revenues and disclosure of all material

payments to government by oil, gas and mining companies.

EITI REQUIREMENT 5

 The EITI requires a credible assurance process applying international standards.

5

EITI REQUIREMENT 6

 The EITI requires EITI Reports that are comprehensible, actively promoted, publicly

accessible, and contribute to public debate.

6

EITI REQUIREMENT 7

 The EITI requires that the multi-stakeholder group takes steps to act on lessons learned

and review the outcomes and impact of EITI implementation.

7

The EITI Requirements Progress of the EITI

2013 25

 Total worth of revenue disclosed

180

US $1 tr

Fiscal periods covered in EITI Reports

2009 2

Fiscal periods covered in EITI Reports

 Total worth of revenue disclosed

39

US $200 bn

2011 12 

 Total worth of revenue disclosed

97

US $570 bn

Fiscal periods covered in EITI Reports

Compliant countries

Compliant countries

Compliant countries

(Dec)

(October)

(Dec)

A government intending to implement the EITI Standard is required to undertake certain

steps before applying to the international EITI Board for EITI Candidate status. These include

announcing a clear statement of the government’s commitment, developing a workplan which

sets objectives for what the country wants to achieve with their EITI, outlining how it intends

to reach EITI Compliant status and establishing a multi-stakeholder group (MSG) together with

companies and civil society.

In order to achieve EITI Compliant status, countries are required to meet the EITI Requirements:

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Website www.eiti.org

Email secretariat@eiti.org

Telephone +47 222 00 800

Fax +47 228 30 802

Address EITI International Secretariat,

Ruseløkkveien 26,

0251 Oslo, Norway

41 countries implement the EITI Over 80 supporting companies

Over 80 of the world’s largest companies involved in the oil, gas and

mining sectors support and actively participate in the EITI process

– through their country operations in implementing countries,

international-level commitments and industry associations. The EITIhas won the support of over 90 global investment institutions that

collectively manage over US $19 trillion.

Supported by a large internationalcoalition

Civil society organisations participate in the EITI directly and through

the Publish What You Pay campaign, which is supported by more than

400 non-governmental-organisations worldwide.

International organisations supporting the EITI include the WorldBank, International Monetary Fund and the regional development

banks. These organisations provide technical and financial support to

implementing countries and support EITI outreach.

A number of governments support the EITI including: Australia,

Belgium, Canada, Denmark, Finland, France, Germany, Italy, Japan, the

Netherlands, Norway, Spain, Sweden, Switzerland, the UK and the US.

These governments provide political, technical and financial support,

both internationally and at the country level. They also provide

financial support through direct bilateral support to EITI implementing

countries or through a multi-donor trust fund managed by the World

Bank.

The EITI has also been endorsed by the African Union, the European

Union, G8, G20, the International Organisation of

La Francophonie and the United Nations.

To learn more, visit the EITI website www.eiti.org, orfollow us on Twitter @EITIorg.

* Australia is conducting an EITI pilot

Compliant countries

Candidate countries

Suspended countries

Announced commitment

to implement the EITI *

25 EITI Compliant countries:Albania, Azerbaijan, Burkina Faso, Cameroon, Central African Republic,

Côte d’Ivoire, Ghana, Iraq, Kazakhstan, Kyrgyz Republic, Liberia,

Mali, Mauritania, Mongolia, Mozambique, Niger, Nigeria, Norway,

Peru, Republic of the Congo, Tanzania, Timor-Leste, Togo, Yemen and

Zambia.

16 EITI Candidate countries:Afghanistan, Chad, Democratic Republic of Congo, Guatemala, Guinea,

Honduras, Indonesia, Madagascar, the Philippines, Sierra Leone, São

Tomé and Príncipe, Senegal, Solomon Islands, Tajikistan, Trinidad

and Tobago and Ukraine. Several other countries have signalled

their intention to implement the EITI and are working toward

completing the sign-up steps, including: Colombia, Ethiopia, France,

Germany, Italy, Papua New Guinea, the UK and the US.

35 countrieshave produced EITI Reports.

181 fiscal periodscovered in EITI Reports.

Over US $1 trillionin revenues disclosed in EITI Reports