We make resource extraction transparent and comprehensible

EITI stands for the global Extractive Industries Transparency Initiative’, which is committed to promoting financial transparency and accountability in the extractive sector and aims to fight corruption. Besides Germany, more than 50 countries implement the EITI standard and thereby disclose information including tax payments, licences and production volumes. Transparency is important because where information on revenues is disclosed, civil society actors and also parliaments can better understand the payment flows and thus prevent corruption and exploitation.

The Russian full-scale war against Ukraine has put security of energy supply in Germany and dependence on raw material imports in general at the top of the German government’s political agenda. The transparency and quality of imports of raw materials will therefore have to play a role in EITI reporting in future. This applies to the currently still necessary import of fossil energy raw materials. However, the successful energy transition will not reduce the need for other raw material imports in the future either. Germany must therefore ensure that imported raw materials are extracted in accordance with the same environmental, social and good governance standards that it applies to its own raw materials sector.