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Excerpt from a speech by Rt Hon. Helen Clark, EITI Board Chair, to the Indonesian G20 presidency’s high-level policy webinar on just energy transition.

The EITI is the global standard for transparency in the oil, gas and mining sector.  The EITI Standard provides for data reporting on extractive sector revenues, beneficial ownership of companies, contracts, environmental reporting and the monitoring of licenses, production and exports. The exploration of new mineral deposits,

During February, beneficial ownership was top of the agenda in the Asia and Pacific region. Despite turbulence in global financial markets, and challenges in disclosures and market pricing heavily linked to the impact of COVID-19, the region has taken great steps in supporting the acceleration of economic recovery through beneficial ownership reforms.

Along with people from around the world, I have been following the tragic turn of events in Ukraine with huge concern. The assault on Ukraine by Russian armed forces in the early hours of Thursday morning was an unprovoked violation of national sovereignty and territory in flagrant contravention of international law. The Extractive Industries Transparency Initiative (EITI) and the Open Government Partnership (OGP) stand in solidarity with its stakeholders in Ukraine at this tremendously difficult time.

The international EITI Board agreed today to clarify and strengthen the Expectations for EITI supporting companies, which set out how over 60 companies supporting the EITI internationally will promote greater transparency and accountability in the oil, gas and mining sectors consistent with the EITI Standard.

The EITI Board concluded that the Philippines has achieved a moderate overall score in EITI implementation, while urging the government to improve the environment for civil society participation. 

While recognising the Philippines’ efforts in EITI implementation, the EITI Board has concluded that the objective of full, effective and active engagement by civil society is only partly met, given government constraints on freedom of expression, operation and association in the EITI process.

The EITI Board concluded that Guinea has achieved a high overall score in EITI implementation. Throughout the course of a politically tense period that has seen a constitutional referendum, presidential elections and a coup d’état, the EITI has provided a multi-stakeholder platform for free debate on the country’s economically important extractive industries.

The EITI Board concluded that Albania achieved a moderate overall score in EITI implementation. The country is using open data and disclosures to inform debate and policy on issues of public interest, including revenue management and energy transition.

Albania last year celebrated 10 years of being an EITI member, taking stock of progress in multi-stakeholder oversight, data disclosures as well as outcomes and impact of EITI implementation.

As EITI Board Chair, I join regional and international leaders in condemning the military coup in Burkina Faso.

This unlawful assumption of power in the country follows similar developments elsewhere in the region. It highlights a concerning trend, where growing instability undermines fragile democratic institutions and progress in accountable governance.

Following a decision by the EITI Board, the EITI International Secretariat has commissioned an Independent Evaluation of the EITI, to be conducted in the first half of 2022.  

The evaluation will build on efforts to strengthen the EITI’s approach to documenting, communicating and learning from the results of implementation,

Zambia officially launched its participation in the Opening Extractives programme. The event affirmed the country’s commitment to beneficial ownership transparency. Government ministries, civil society and company representatives emphasised the contribution of the programme in enhancing beneficial ownership reforms and strengthening natural resource governance. In Zambia,