|Targeted Industry: Extractive industries
Stated Aim: To become “the internationally accepted standard for transparency in the oil, gas and mining sectors, recognizing that strengthened transparency of natural resource revenues can reduce corruption, and the revenue from extractive industries can transform economies, reduce poverty, and raise the living standards of entire populations in resource-rich countries.” (EITI Articles of Association, Article 2.2)
Historical Context: During the early 2000s, civil society raised awareness about the connection between extractive industries revenue and human rights abuses, corruption and a lack of development.
Year Launched: 2003
Method of Operation: EITI requires governments to issue public reports disclosing the revenue and payments received from the extractive industry.
Monitored Entities: Governments
Examples of Relevant Rights-holders: Communities near mines, processing facilities, and transportation routes; citizens of nations whose governments receive money from extraction contracts.
Membership (as of February 10, 2015): Governments (48 implementing EITI standards, 17 supporting EITI), companies (more than 90), civil society organizations (8 international CSOs, representing more than 650 individual organizations), institutional investors (more than 80), partner institutions (21, including: industry associations, development banks, and international organizations).