EITI and opportunities for increasing local content transparency
While the EITI has typically focussed on the taxes and revenues paid by extractive companies to the government, a review of how EITI countries have covered local content in EITI Reports highlight the opportunities for EITI to contribute to local content transparency in the extractive sector. At least 24 EITI countries have decided to report local content information in EITI reporting. This includes descriptions of local content policies and commitments by companies, figures on local content (employment, procurement, and purchase of goods and nationality of company owners), and commentary on the implementation of local content policies. This EITI Brief on local content shares some examples of such disclosures that can be used by stakeholders wishing to leverage the potential of EITI to contribute improved local content transparency.