Get the free EITI Fact sheet Extractive Industries Transparency Initiative

EISTI BOARD CIRCULAR Number 133 EISTI International Secretariat 1 2 3 Oslo, 30 September 2012 Board meeting, Lusaka, 2526 October EISTI roundup To access eiti.org/internal Dear members of the Board,

How to fill out eiti fact sheet extractive

To fill out the EITI (Extractive Industries Transparency Initiative) fact sheet extractive, you can follow these steps:

1. Gather necessary information: Collect all the relevant data and figures related to extractive industries within your jurisdiction. This may include information about companies, revenue streams, production volumes, and government policies.
2. Identify the reporting period: Determine the specific time frame for which the facts and figures are being reported. This could be a fiscal year or any other defined period.
3. Begin with basic information: Start by providing basic details about the reporting entity, such as the name of the government or institution responsible for the report, the date of the report, and the period it covers.
4. Provide an overview of extractive industries: Introduce the extractive industries operating within your jurisdiction and provide a brief description of the sector's importance in terms of revenue generation, employment, and contribution to the national economy.
5. Describe the legal framework: Explain the legal and institutional framework governing the extractive sector. This should include information about relevant laws, regulations, and entities responsible for implementing and enforcing them.
6. Include revenue data: Present detailed information about the revenue generated from extractive industries. This could include data on taxes, royalties, fees, and other forms of payments made by extractive companies to the government. Clearly state the sources of revenue and provide breakdowns if applicable.
7. Outline the revenue management process: Describe how the collected revenues are managed, allocated, and used. Discuss any revenue-sharing mechanisms, investment plans, or funds that exist to ensure transparency and accountability.
8. Disclose beneficial ownership: Provide information regarding the beneficial ownership of the extractive companies operating within your jurisdiction. This includes identifying the individuals or entities that ultimately control the companies and their interests.
9. Report on social and environmental impacts: In the EITI fact sheet extractive, include relevant information about the social and environmental impacts of extractive activities. This may involve discussing measures taken to mitigate these impacts and promote sustainable practices.
10. Ensure consistency: Ensure that the information provided in the fact sheet aligns with other publicly available reports, financial statements, or sources of data to maintain accuracy and credibility.

Who needs the EITI fact sheet extractive?

1. Governments: The EITI fact sheet extractive is primarily aimed at government entities responsible for managing the extractive industries sector. It helps them collect, validate, and disclose information related to revenue generation and management, promoting transparency and accountability.
2. Companies: Extractive companies operating within the jurisdiction covered by the EITI also benefit from the fact sheet. It allows them to understand reporting requirements, contribute necessary data, and enhance their commitment to transparency.
3. Civil society organizations: Organizations working on issues related to extractive industries can utilize the fact sheet to monitor and hold governments and companies accountable. It provides them with valuable information to engage in constructive dialogue and advocate for good governance practices.

Overall, the EITI fact sheet extractive serves as a crucial tool for promoting transparency, improving governance, and fostering sustainable development within the extractive industries sector.

For pdfFiller’s FAQs

What is eiti fact sheet extractive?

EITI fact sheet extractive is a simple overview document that provides information on a country's extractive industries and payments made by companies operating in those industries.

Who is required to file eiti fact sheet extractive?

Companies operating in the extractive industries in EITI implementing countries are required to file the EITI fact sheet extractive.

How to fill out eiti fact sheet extractive?

To fill out the EITI fact sheet extractive, companies need to provide detailed information about their operations in the extractive industries, including payments made to the government.

What is the purpose of eiti fact sheet extractive?

The purpose of the EITI fact sheet extractive is to promote transparency and accountability in the extractive industries by providing key information on payments and revenues.

What information must be reported on eiti fact sheet extractive?

Information such as payments made by companies, government revenues from the extractive industries, and other relevant financial data must be reported on the EITI fact sheet extractive.

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