A Global Initiative
Implementation in Germany
What does EITI stand for and what does it have to do with raw materials?
“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."*
Dr. Franziska Brantner, Parliamentary State Secretary at the Federal Ministry for Economic Affairs and Climate Action (BMWK) and Special Representative of the Federal Government for the Implementation of the EITI in Germany (D-EITI)
* Source (German): Federal Ministry for Economic Affairs and Climate Action (BMWK) (2022:11). URL: Monatsbericht: Schlaglichter der Wirtschaftspolitik 10 · Oktober 2022 (bmwk.de) (retrieved on 07/03/2023)