Establishing a global standard At the second EITI Global Conference in March 2005, EITI stakeholders and implementing countries recognised the need for a consistent approach to the EITI Principles. This led to the creation of the EITI Criteria, introduced as part of the EITI Source book, which focused on the publication of extractive payments by companies to governments, as well as revenues received by governments from companies. The EITI Criteria While the EITI Criteria were a starting point for disclosure, they lacked specific rules around the timeframes, regularity and timeliness of reporting. To address these gaps, the EITI Board launched the EITI Rules at the EITI Global Conference in 2009, which introduced requirements for implementing countries around the timely and regular publication of data. An updated version was issued in 2011. The EITI Requirements The sixth EITI Global Conference saw the launch of the 2013 EITI Standard, which expanded the scope of EITI reporting beyond fiscal revenues and established the global benchmark for extractives transparency. It sought to make reports more understandable, relevant and accurate, and condensed the previous 21 requirements and policy notes into seven requirements. It also introduced a more frequent and nuanced Validation mechanism to incentivise continuous progress for countries. The 2013 EITI Standard 2005 2009 & 2011 Clare Short, former EITI Board Chair, at the 2011 EITI Global Conference in Paris, France. Jonas Moberg, former EITI Executive Director, at the 2013 EITI Global Conference in Sydney, Australia. 2013 16 EITI Anniversary Report