The Extractive Industries Transparency Initiative (EITI) is the global standard to promote the open and accountable management of oil, gas and mineral resources.
The Government of the Philippines committed to implement the EITI in 2012 and became a member in 2013. Implementation of the EITI Standard is managed through a multi-stakeholder group comprising government, civil society and companies. More details outlining the EITI in the Philippines is available on the PH-EITI webpage.
In line with our vision and values, we’re an active member of the Extractive Industries Transparency Initiative (EITI) Philippines multi-stakeholder group, which is working to enhance transparency for the minerals sector in the Philippines.
In the latest PH-EITI report for the 2017 calendar year, independent advisor, PWC, stated of the 39.1 billion PhP total reconciled payments from companies within the sector, there was only a 0.42% variance between company and government reported figures. The full FY17 report is available here.