Galp Energia
From Galp Energia's statement of support to the EITI
In its 2010 Sustainability Report and on its website, Galp Energia announced that it supports the Extractive Industries Transparency Initiative (EITI). On its website, the company states:
TRANSPARENCY ON EXPLORATION & PRODUCTION
With the commitment of continuing to develop a sustainability strategy that contributes to a fair and transparent development, Galp Energia stated its adhesion and support to the fulfilment of the principles of the Extractive Industries Transparency Initiative (EITI).
EITI aims at strengthening governance by improving transparency and accountability in the extractive sector. EITI is a global standard that promotes the transparency of revenues generated from activities of extraction and production of mineral resources, among which are oil and gas. It consists of a robust and flexible method to follow and reconcile the payments of operating companies and the public revenues of the country that owns resources.
The process is supervised by participants from governments, companies and civil society. The principles of the EITI, agreed in the Lancaster House Conference, in June 2003, are the basis of the initiative, which may be checked at http://eiti.org/eiti/principles.
International-level company form
Galp Energia submitted the form to the EITI International Secretariat 19 September 2011.
- Has the company published a clear public statement endorsing the EITI Principles and Criteria, and ensured this is accessible on its external website
YES - http://www.galpenergia.com/EN/agalpenergia/Os-nossos-negocios/Exploracao-Producao/Paginas/Home.aspx - If applicable (i.e. for operations in EITI implementing countries that have completed at least one validation), has the company provided links on its external website to completed (Country-level) Company Forms?
YES - http://www.galpenergia.com/EN/Investidor/Relatorios-e-resultados/relatorios-anuais/Documents/RelatorioSustentabilidade2010EN.pdf - Has the company assigned strategic responsibility for EITI to a member of its senior management and appointed a lead contact person responsible for communication of the company’s EITI policy, action in support of EITI, and responding to queries from EITI stakeholders?
YES - If the International EITI Conference has taken place in the validation period, did a member of senior management attend or send a statement of support?
Not applicable - Where a company has a global sustainability report or corporate responsibility report, has the company included a summary of its contribution to EITI in this and on its external website?
YES - http://www.galpenergia.com/EN/Investidor/Relatorios-e-resultados/relatorios-anuais/Documents/RelatorioSustentabilidade2010EN.pdf - Narrative opinions:
We have disclosed the information of country-level Company Forms of Mozambique and Timor-Leste, in our Sustainability Report 2010, page 18 - http://www.galpenergia.com/EN/Investidor/Relatorios-e-resultados/relatorios-anuais/Documents/RelatorioSustentabilidade2010EN.pdf
