What EITI does

EITI (Extractive Industries Transparency Initiative) is a non-profit international multi-stakeholder organisation founded in 2003 and headquartered in Oslo, Norway. It sets and operates the global standard for transparency and accountability in the oil, gas and mining sectors, serving 55+ implementing countries across Africa, Latin America, Europe, Asia and Oceania alongside supporting countries, extractive companies, civil society organisations and institutional investors.

Its core product is the EITI Standard, currently the 2023 version, which defines disclosure and governance requirements covering revenues, beneficial ownership, contracts, commodity trading, state-owned enterprises, gender equity and revenue collection. Supporting products include the EITI Implementation Guide, Validation (the quality assurance mechanism that scores country compliance), annual country-led EITI Reporting, the Open Data Portal, a RESTful EITI API, the State-Owned Enterprises Database (transactions since 2017), the Systematic Disclosure Toolkit, EITI Progress Reports, and a Data Use Cases repository. Data is standardised using HS commodity codes, GFS revenue classifications, and ISO country and currency codes, and the cumulative dataset covers 780 fiscal years and USD 3.3 trillion in disclosed government revenues.

EITI is funded through multi-stakeholder contributions from implementing countries, supporting countries and institutions, supporting companies, and foundations, with the World Bank's Extractives Global Programmatic Support (EGPS) facility channeling donor technical and financial assistance. The Standard itself is freely available; countries and companies adopt it voluntarily and bear their own implementation costs, which the organisation cites as ranging from around USD 100k to several million dollars per year depending on country ambition. Governance is provided by a 20-member Board representing implementing countries, supporting countries, civil society, industry and institutional investors, with decision-making by consensus, and a small International Secretariat (11-50 employees) executing day-to-day operations.

Name

EITI

Legal name

EITI Association

Website

https://eiti.org

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

11–50 employees

Short description

EITI is a non-profit multi-stakeholder organisation that sets the global standard for transparency and accountability in oil, gas and mining, serving 55+ implementing countries, supporting companies, donor governments and civil society.

Ownership category

akta.pro rank

Headquarters

HQ city

Oslo

HQ country

Norway

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Multi-stakeholder funding: EITI International Secretariat funding comes from implementing countries, supporting countries/institutions, and supporting companies. Implementation costs vary widely from around USD 100k per annum to several million dollars depending on country ambition.
2. Project support: Additional funding for policy innovation and scaling initiatives, often administered through international development agencies like the World Bank's Extractives Global Programmatic Support (EGPS) facility.

Go-to-market motion1 record

Distribution channels5 records

Marketing channels7 records

Core offering

EITI is a global standard that promotes transparency and accountability in the management of oil, gas and mineral resources by requiring governments and companies to disclose payments, revenues and other information along the extractive industries value chain. The organization supports 55+ implementing countries through its normative framework (the EITI Standard), validation assessments, training and capacity building, and the publication of extractive industry data via an Open Data Portal and API.

Product overview

EITI (Extractive Industries Transparency Initiative) is a global standard and multi-stakeholder organization focused on transparency and accountability in oil, gas, and mining sectors. The core offering is the EITI Standard, a framework for disclosure and multi-stakeholder oversight that empowers governments, industry, and civil society to promote understanding of natural resource management. Supporting products include: the EITI Implementation Guide for country-level implementation; Validation as the quality assurance mechanism; the Open Data Portal and EITI API providing programmatic and downloadable access to standardized summary data; the State-owned enterprises (SOE) Database covering transactions since 2017; EITI Reporting for annual country-led disclosures; EITI Progress Reports as flagship annual publications; the Systematic Disclosure Toolkit for transitioning to real-time data reporting; and Data Use Cases demonstrating how EITI data informs policy decisions. The EITI Standard 2023 represents the latest version, strengthening disclosures on energy transition, corruption risks, gender equity, and revenue collection.

Differentiator

Problem solved

Functional benefit

Products and services

• EITI Standard The normative framework adopted by 55+ implementing countries, defining what governments and companies must disclose (payments, revenues, licenses, beneficial ownership) along the oil, gas and mining value chain. It is the core product of the organization and the basis for country-level implementation and validation.
• EITI Implementation Guide A guidance document that supports national multi-stakeholder groups and government agencies in operationalizing the EITI Standard, including reporting templates, scoping decisions, and recommended practices for disclosure.
• EITI Validation An independent assessment service that evaluates each implementing country against the EITI Standard's requirements and assigns a performance score (satisfactory, meaningful, inadequate) to drive improvement. Validation is the accountability mechanism underpinning the standard.
• Open Data Portal A publicly accessible online platform hosting EITI country reports and the underlying disclosed extractive industry data (payments, revenues, production, licenses), enabling researchers, journalists, companies and citizens to access and use the data.
• EITI API A programmatic interface that provides machine-readable access to EITI's published extractive industry data, enabling third parties to build applications, analytics and integrations on top of EITI's disclosures.
• State-Owned Enterprises (SOE) Database A structured database cataloging state-owned enterprises active in the oil, gas and mining sectors, supporting transparency on the role and financial flows of SOEs in resource-rich countries.
• Systematic Disclosure Toolkit A set of tools and methodological guidance that helps countries move from bespoke EITI reporting toward routine, systematic disclosure of extractive industry data via existing government and corporate reporting systems.

Quantifiable outcome

• USD 2.4 billion+ recovered to Nigerian Federation account
• +5 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Open OwnershipcoreStrategic or Co-development PartnerEITI and Open Ownership jointly deliver the Opening Extractives programme, providing targeted support to selected countries to catalyse reforms and improve transparency in company ownership through beneficial ownership data reforms.
• Anti-Corruption Resource Center, U4minorStrategic or Co-development PartnerU4 Anti-Corruption Resource Center published review of 50 evaluations concluding that EITI succeeded in diffusing the norm of transparency. Contributes to research and knowledge sharing.
• Publish What You Pay (PWYP)coreStrategic or Co-development PartnerCivil society coalition advocating for transparency in the extractive sector. PWYP's 2002 'publish what you pay' campaign influenced EITI's establishment. PWYP representatives participate in EITI Board and multi-stakeholder groups.

Scale indicators5 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Open Ownership: Open Ownership is a specialist organization promoting beneficial ownership transparency globally. EITI and Open Ownership jointly deliver the Opening Extractives programme, making Open Ownership a direct co-implementation peer in the BO transparency space.
• Initiative for Responsible Mining Assurance (IRMA): IRMA develops multi-stakeholder standards for responsible mining with a validation-style assessment process. Like EITI, IRMA uses a tripartite governance model (industry, NGOs, affected communities) and issues public assurance reports, making it a structural analogue focused on the mining subset of EITI's mandate.
• Natural Resource Governance Institute (NRGI): NRGI is a non-profit that works to promote transparent and accountable management of oil, gas and mineral resources, providing research, advisory and country-level support closely aligned with EITI's mandate. NRGI is one of the principal civil-society technical partners feeding into EITI implementing countries and multi-stakeholder groups.
• Publish What You Pay (PWYP): PWYP is a global civil society coalition advocating for transparency in the extractive sector and was the direct catalyst for EITI's creation in 2002-2003. PWYP representatives sit on the EITI Board and country-level MSGs, making it the closest civil-society peer and counterpart in the extractive transparency ecosystem.
• Transparency International: Transparency International is a global civil society organization focused on anti-corruption and government accountability. EITI's anti-corruption and beneficial ownership work overlaps directly with TI's mission and they frequently partner on research, country programs and the Opening Extractives initiative.
• Open Government Partnership: Open Government Partnership is a multilateral initiative that promotes government transparency and accountability across sectors. Like EITI, OGP operates a multi-stakeholder governance model, drives country commitments to standards, and runs validation-style review processes. Both initiatives are co-located in governance/transparency ecosystems and frequently co-implement programs (EITI and OGP jointly convene governance events in Asia/Eurasia).

Broad incumbents

• OECD Centre for Responsible Business Conduct: OECD's responsible business conduct work covers due diligence and transparency guidance for extractive sector multinationals, including the Due Diligence Guidance for Responsible Business Conduct. It is comparable as a multilateral standard-setter that influences extractive transparency policy but operates under a broader OECD framework rather than a dedicated transparency standard.
• International Council on Mining and Metals (ICMM): ICMM is an industry-led organization setting environmental, social and governance performance expectations for mining and metals companies. It is comparable to EITI on the mining transparency side but represents the industry constituency within EITI's tripartite model rather than operating as a multi-stakeholder standard.
• Global Reporting Initiative (GRI): GRI is an established global standard-setter for sustainability and transparency reporting across industries, including extractives. It is comparable to EITI as a parallel transparency standard-setter but serves a broader, non-sector-specific constituency including corporates rather than countries.

Others

• Extractive Industries Transparency Initiative... (note: subject itself): (Omitted — subject company itself; not a peer.)

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/EITIorg
• Facebookfacebook.com/EITIorg
• LinkedInlinkedin.com/company/extractive-industries-transparency-initiative

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

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M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about EITI