EITI Business Guide

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28 EITI BusInEss GuIdE appEndIcEs 1 The EITI Principles reproduced from EITI International website 2 The EITI Criteria reproduced from the EITI International website 3 EITI Company Reporting Template reproduced from pp. 49-53 of the EITI Source Book 4 EITI Company Self-Assessment Form Country-level reproduced from p. 24 of the EITI Validation Guide 5 EITI Company Self-Assessment Form International-level reproduced from p. 25 of the EITI Validation Guide 6 EITI Supporting Companies reproduced from EITI International website, 1 May 2008
Appendix 1 The EITI principles The EITI principles, agreed at the Lancaster House conference in June 2003, provide the cornerstone of the initiative. They are: 1 We share a belief that the prudent use of natural resource wealth should be an important engine for sustainable economic growth that contributes to sustainable development and poverty reduction, but if not managed properly, can create negative economic and social impacts. 2 We affirm that management of natural resource wealth for the benefit of a country’s citizens is in the domain of sovereign governments to be exercised in the interests of their national development. 3 We recognise that the benefits of resource extraction occur as revenue streams over many years and can be highly price dependent. 4 We recognise that a public understanding of government revenues and expenditure over time could help public debate and inform choice of appropriate and realistic options for sustainable development. 5 We underline the importance of transparency by governments and companies in the extractive industries and the need to enhance public financial management and accountability. 6 We recognise that achievement of greater transparency must be set in the context of respect for contracts and laws. 7 We recognise the enhanced environment for domestic and foreign direct investment that financial transparency may bring. 8 We believe in the principle and practice of accountability by government to all citizens for the stewardship of revenue streams and public expenditure. 9 We are committed to encouraging high standards of transparency and accountability in public life, government operations and in business, 10 We believe that a broadly consistent and workable approach to the disclosure of payments and revenues is required, which is simple to undertake and to use. 11 We believe that payments’ disclosure in a given country should involve all extractive industry companies operating in that country. 12 In seeking solutions, we believe that all stakeholders have important and relevant contributions to make – including governments and their agencies, extractive industry companies, service companies, multilateral organisations, financial organisations, investors, and non-governmental organisations. EITI BusInEss GuIdE 29
Page 1 and 2: EITI BusInEss GuIdE How companies c
Page 3: EITI BusInEss GuIdE How companies c
Page 6 and 7: Foreword by peter Eigen (Chairman,
Page 8 and 9: InTroducTIon 8 EITI BUSINESS GUIDE
Page 10 and 11: 10 EITI BUSINESS GUIDE 6 7 company
Page 12 and 13: BEForE sIGn-up “ Working closely
Page 14 and 15: CASE STUDY 2 In one country, where
Page 16 and 17: EsTaBLIsHMEnT oF procEssEs and sysT
Page 18 and 19: 18 EITI BusInEss GuIdE 20 The workp
Page 20 and 21: prEparaTIon, puBLIcaTIon and dIssEM
Page 22 and 23: CASE STUDY 6 In many EITI countries
Page 24 and 25: 24 EITI BusInEss GuIdE 29 30 How ca
Page 26 and 27: Glossary Accountability a person or
Page 30 and 31: 30 EITI BusInEss GuIdE Appendix 2 T
Page 32 and 33: Scope 2 Benefit streams LInE GuIdEL
Page 34 and 35: Scope 1 Benefit streams continued L
Page 36 and 37: Appendix 5 EITI company self-assess
Page 39 and 40: The Extractive Industries Transpare

EITI Business Guide

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