The EITI today launched its 2023 EITI Anniversary Report, marking 20 years since the EITI was established. The report charts the organisation’s journey and progress over the past two decades, demonstrating how the EITI’s disclosure framework has evolved to bring greater transparency across the entire extractive sector value chain through its multi-stakeholder approach.
"The EITI’s 20th anniversary is an important milestone which serves as a reminder of the progress we have made, the challenges we have overcome, and the work which remains ahead,” said Helen Clark, EITI Board Chair, in her foreword. "This report is a testament to the EITI’s continued commitment to transparency and accountability in the extractive sector, as well as the dedication of countless stakeholders across government, civil society, industry and the broader resource governance community."
The EITI’s formation in 2003 brought together a diverse group of representatives from governments, companies, international organisations, civil society groups and investors, united by the organisation’s founding beliefs enshrined by the EITI Principles.
Since then, the EITI has evolved to become the global standard for transparency in the oil, gas and mining industries. Nearly 60 countries implement the EITI Standard, which was first introduced in 2013 and subsequently evolved to support comprehensive disclosures related to revenue management, contracts, beneficial ownership, state-owned enterprises, gender, environmental impacts and other areas.
Mark Robinson, EITI Executive Director, said: “Over the past 20 years, stakeholders have come together to deepen our work in all these areas, responding to emerging issues and challenges as they arise.”
The report was launched at the ninth EITI Global Conference, which gathers over 1,000 stakeholders globally.