Relates to requirement 2.5
The EITI’s beneficial ownership pilot and subsequent requirements for mandatory disclosure, as well as the Panama Leaks and global attention on beneficial ownership transparency, have resulted in an increasing number of EITI countries attempting to disclose beneficial ownership through their EITI Reports. The EITI reporting process can be a practical way to obtain beneficial ownership data from companies,
The German Development Agency GIZ has developed a guide to complement the official EITI guidance notes on establishing monitoring and evaluation frameworks in implementing countries. See the attached document.
Relates to requirement 4.2
This guidance is also available in French (see attachments below
This guidance note is the first effort by the EITI Working Group on Transparency in Commodity Trading to assemble guidance on ‘first trade’ reporting in oil. The guidance has three intended audiences: first, the EITI MSGs in implementing countries that will determine their respective country’s approach to reporting in this area;
Tools for countries implementing requirement 2.5 of the Standard:
A model beneficial ownership declaration form (excel file, see attachment below) Standard Terms of Reference (ToR) for Independent Administrators (IA) including instructions for multi-stakeholder groups who wish to task the IA with collecting and collating beneficial ownership data (word doc,
Moving from developing a roadmap to implementing the first steps to disclose the beneficial owners of oil, gas and mining companies, the International Secretariat provides the following resources:
Download guidance note in English
Download guidance note in other languages
EITI implementation requires giving attention to day-to-day activities to support the government and the multi-stakeholder group (MSG) in carrying out their functions.
Among the requirements for government engagement under 1.1 b of the EITI Standard is the ability to mobilise resources for EITI implementation.
relates to requirement 6.1
In addition to taxes levied by central, regional and local governments, extractive companies often make contributions to regional or local governments, communities, NGOs or other third parties in the areas where they operate.
These transactions are interchangeably called “social expenditures”, “social payments”, or “social investments”.