Revising the EITI Standard: Critical Updates to Ensure Impact and Relevance
The Extractive Industries Transparency Initiative (EITI) is at a crossroads. Can it deliver on its core objectives to counter corruption and help citizens and communities ensure a fair deal from mining, oil, and gas projects? Or will the EITI Standard remain too weak to fully address these challenges?
In prior revisions to the Standard, the EITI has only incrementally addressed gender issues and has wholly ignored the energy transition, failing to incorporate necessary disclosure requirements. This June, it must fully address the realities of the energy transition, corruption, revenue generation from the sector and the sector’s gender differentiated impacts, or risk becoming obsolete.