Eiti & Csr

TABLE OF CONTENTS

ABBREVIATION…………………………………………………………………3

INTRODUCTION………………………………………………………………..4

1.1 Overview of corporate social responsibility……………………………...5

2.2 What is EITI? ....................................................................................................6

2.3 What are the aims of EITI...………………………………………………….6

2.4 Principles of EITI……………………………………………………………..6

2.5 Who is involved in EITI? ...............................................................................7

2.6 Countries implementing EITI………………………………………………7

2.7 Levels of implementation…………………………………………………...8

2.8 Financial aspects of EITI…………………………………………………….8

2.9 Why EITI……………………………………………………………………….8

3.1 EITI & CSR……………………………………………………………………10

3.2 EITI IMPLEMENTATION IN SOME DCs……………………………….10

3.3 WHAT ARE THE CHALLENGES OF IMPLEMENTING EITI IN DCS ..........................................................................................................................12

3.4 EIs PERSPECTIVE AND VIEW ON EITI…………………………………15

4.1CONCLUSION…………………………………………………………………16

4.2 Should publishing be the end ........................................................................16

4.3 The role of the media and NGOs …………………………………………...16

4.4 How can EITI enhance CSR………………………………………………….16

4.5 Recommendations on ways EITI can be improved in DCs……………...17

ABBREVIATION:

Confederation of Business Industries CBI

Corporate organisations COs

Corporate Social Responsibility CSR

Democratic Republic of Congo DCR

Developing Countries DCs

Extractive Industry EI

Extractive Industry Transparency Initiative EITI

Foreign Oil companies FOCs

International Advisory Group IAG

Memorandum of understanding MoU

Multi-Donor Trust Fund MDTF

National Stakeholders Working Group NSWG

Production sharing agreements PSA

State Oil Fund of Azerbaijan SOFAZ

Trinidad and Tobago T&T

CHAPTER 1

1. Introduction

The Extractive Industry Transparency Initiative (EITI) was sponsored and launched by the former prime minister of Great Britain, Tony Blair in September 2002 at the World Summit for sustainable development in Johannesburg . Its aim amongst other things is to encourage and promote accountability and transparency in the affairs of the Extractive Industry (EI). This initiative has been welcomed with open arms and viewed as a good aspect of corporate Social Responsibility (CSR).

It