Extractive Industries Transparency Initiative and Open Ownership

Midterm evaluation of the Opening Extractives programme

We worked with the Extractive Industries Transparency Initiative (EITI) and Open Ownership to conduct the midterm evaluation of the Opening Extractives programme. The programme, a collaboration between both organisations, is supporting work to open up data on the beneficial owners of extractives companies across 11 countries. The work is funded by the BHP Foundation.

Extractive industries such as oil, gas, and mining are particularly vulnerable to corruption due to the large amounts of revenue in the sector. Anonymously owned companies often serve as the vehicle for this corruption.

Beneficial ownership transparency seeks to make information about who truly benefits from the wealth companies acquire publicly available. These benefits can come in the form of salaries, but they could also be shares in the company or other types of benefits such as decision-making power.

The overall aim of the Opening Extractives programme is for “citizens of resource-rich countries to realise the maximum benefit from natural resource wealth, in part through the enhanced availability and use of beneficial ownership data.” Ultimately, collecting and publishing beneficial ownership information publicly should lead to better governance in the extractive sector, meaning that less money is diverted away from the public services that all residents of a country deserve.

Our evaluation found that the Opening Extractives programme has made significant progress over its first 2.5 years of implementation. We found evidence that the programme is delivering value across multiple areas including awareness raising, building capacity across government, providing technical assistance, and facilitating peer exchanges.

Check out the evaluation report for detail about our findings!

Midterm evaluation of the Opening Extractives programme - Public summary report

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