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What is EITI?

What is EITI?

The Extractive Industries Transparency Initiative (EITI) is a global initiative that promotes open and accountable management of oil, gas and mineral resources. Find out more about EITI and the story of its implementation in the UK here.

EITI ensures transparency and accountability on how a country's natural resources are managed. This is a major concern in many resource-rich developing nations where the benefits of resource extraction are sometimes lost through mismanagement and corruption.

EITI was first announced in 2002 at the World Summit on Sustainable Development in Johannesburg by the then UK Prime Minister, Tony Blair and officially launched in London in 2003.

The EITI International Secretariat, based in Oslo, supports countries in implementing a published set of requirements, the EITI Standard. EITI is currently being implemented in 53 countries around the world.

A core part of EITI requires oil, gas and mining companies to voluntarily disclose their payments to government agencies and for the reconciliation of these payments with government receipts from these companies.

As a stakeholder-led initiative, EITI is overseen in each implementing country by a Multi-Stakeholder Group (MSG) comprising representatives from industry, civil society and government.

Find out more about the Multi-Stakeholder Group (MSG)

EITI in the UK - Timeline

The UK was a prime mover behind the establishment of EITI in 2002 and in 2013 chose to implement the EITI Standard in order to show leadership in the anti-corruption agenda worldwide. 

The timeline below shows the key milestones in implementing EITI in the UK.

One of the key roles played by UK EITI is to bring together data from a wide range of sources in an accessible format.

Much of this data is already available on other government and industry websites; UK EITI collates and signposts data to increase public understanding of the extractive industries. 

The UK EITI annual report provides information on the UK extractives sector, its contribution to the UK economy and the financial flows between government and industry.

Our aim in publishing this data is to help identify the positive contribution that the extractive sectors are making to the economic and social development of the country and to demonstrate the industries’ commitment to transparency and good governance. 

Extractive Industries in the UK 

UK EITI Objectives

UK EITI objectives are: 

  1. Uphold the principles set out in the 2019 EITI Standard and implement them in a way suitable for the UK context.
  2. Promote transparent and accessible disclosure systems and good governance in the extractives sector. Enhance accountability on revenues from the UK’s extractives industries. 
  3. Increase public understanding of the social and economic impacts of the UK's extractive industries and enrich public debate on the governance and stewardship of the UK's oil, gas and mineral resources. 
  4. Contribute to international efforts to further transparent and accessible disclosure systems, common global reporting standards and good governance in the extractives sector. 

The MSG sets out its plans to meet these objectives and its priorities for the year in annual work plans.

View our latest work plan
 

Validation

The validation of the UK, carried out by the EITI International Secretariat during 2018, was intended to provide all stakeholders with an impartial assessment of whether EITI implementation in the UK is consistent with the provisions of the EITI Standard.

The validation identified a number of corrective actions that the MSG need to consider before being validated again against the EITI Standard.

The EITI Board noted that these actions are not onerous, and it should be possible to address them quickly; they therefore recommended a revalidation of the UK within 12 months. The MSG is working hard to progress these corrective actions in time for a revalidation, which is expected to begin late 2020.

Full UK Validation Data