EITI, The Extractive Industries Transparency Initiative, is an independent international voluntary initiative creating transparency in the oil, gas and mining industries. EITI aims to improve the accountability of governments that get revenues from oil, gas and mining as a step towards managing and applying those revenues in such a way that they contribute to sustainable development, economic growth and poverty reduction.
EITI requires transparency in the payments made by companies and revenues received by governments in order to help empower civil society to hold governments accountable for the management of extractive industry revenues. The goal of validation is to make sure that countries and companies do what they say they will do, and that country implementation programmes comply fully with the EITI Criteria.
Since EITI was formally established in 2006, civil society, governments, companies and investors have all played an active role in defining EITI. More than 40 countries have pledged to implement EITI.
Hart Group offers EITI reconciliation services, including financial reconciliation, physical audit and effectiveness audits of key processes whereby governments manage their extractive sectors.
Hart Group is a global leader in EITI reconciliation and validation services.