36th EITI Board meeting Bogota, Colombia 8-9 March 2017 2017 PROGRESS REPORT ENDING COMPANY ANONYMITY – THE KEY TO FIGHTING CORRUPTION 36th EITI Board meeting Bogota, Colombia 8-9 March 2017

EITI - a tool for openness A common thread is the need for openness and transparency. We need the EITI and similar efforts like never before.

THE EITI: A TOOL FOR REFORMERS

THEMATIC FOCUS Beneficial ownership Mainstreaming Open data Contract transparency Frontier issues

EITI: at the forefront of the global movement to tackle hidden ownership

Beneficial Ownership Disclosure - the key to fighting corruption

44 Roadmaps to Beneficial Ownership Disclosure

EITI – STRENGTHENING GOVERNMENT SYSTEMS EITI mainstreaming means that countries and companies regularly disclose information and that the disclosures are easily accessible and understandable. It also means that governments are transparent about quality assurances of this disclosed information to ensure timely, comprehensive and reliable information.

EITI – MAKING DATA OPEN AND USABLE

OPENING UP CONTRACTS

EITI – EXPLORING FRONTIER ISSUES ASM COMMODITY TRADING 15 EITI countries have published estimated ASM revenue figures and details on the legal framework, fiscal rates, licensing and estimated production and export figures 7 EITI countries taking part in a targeted effort to improve transparency practices related to commodity trading: Albania Colombia Chad Ghana Indonesia Mauritania Nigeria

Regional Focus

EITI: making a difference in Africa

EITI: making a difference in Asia

EITI: making a difference in Americas

EITI IS HAVING AN IMPACT Big picture indicators Although not attributable to any single organisation (not the least to the EITI Board and Secretariat), selected proxy indicators in areas such as investment climate, human capital spending, corruption, poverty – all related to goals sought by the EITI – are aimed at shedding light on the general context and the direction of change. The Economist, 17 FEB 2017

VALIDATION The EITI’s quality assurance mechanism

WORKING TOGETHER The EITI network – no one group can deliver the change needed “Some 1400 people serve on EITI national commissions and every week thousands of people are involved in implementation. We have also had a new Board since early 2016. We thank all these people for their continuing contribution to the enormous challenge of improving extractive governance and implementation in order to make the EITI an ever sharper, more mainstreamed, more relevant and more influential tool.” Jonas Moberg, Head of the EITI International Secretariat

PROGRESS REPORT 2017 ALSO COVERS: Informed public debate Research on the EITI EITI contribution to the sustainable development goals Capacity building support Financial accounts Board membership And more!

Visit eiti.org/progress-report-2017 to see the facts and share the online version