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EITI

The EITI Standard


The EITI maintains the EITI Standard, which can be voluntarily implemented by countries. The Standard is overseen by the international EITI Board, with members from governments, companies and investors, and civil society (multi-stakeholder process).

Alongside the publication of payment and revenue data, the standard also provides for comprehensive transparency concerning other aspects of the extractive industries. These include licence awards and frameworks for commodity extraction and mining. In addition, it is possible to specify on a national basis that the ownership structures of oil, gas and mining companies or the contracts must be published.

The EITI-Standard
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The EITI-Standard

The EITI Standard (2016) requires:

  1. Effective oversight by the multi-stakeholder group;
  2. Disclosures of information related to legal and institutional framework, including allocation of contracts and licenses;
  3. Disclosure of information related to exploration and production, enabling stakeholders to understand the potential of the sector;
  4. A comprehensive reconciliation of company payments and government revenues from the extractive industries;
  5. Disclosure of information related to revenue allocations, enabling stakeholders to understand how revenues are recorded in the national and where applicable, subnational budgets;
  6. Disclosure of information related to social expenditures and the impact of the extractive sector on the economy;
  7. Impact-orientation of the EITI process:  Ensure that stakeholders are engaged in dialogue about natural resource revenue management;
  8. Compliance with deadlines for reporting and validations, EITI principles, and requirements.

The EITI standard contains a detailed description of these requirements.

The international EITI Secretariat based in Oslo works together with the Board to ensure the quality of the process.


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