Informing investment decisions Supporting performance on environmental, social and governance indicators Investment decisions in the extractive sector are increasingly informed by environmental, social and governance (ESG) metrics. Company commitments to transparency and accountability through the EITI, as well as EITI disclosures, can contribute to the evolving framework for ESG reporting and complement other data published by companies and investors. To support this shift, the EITI has clarified and strengthened the Expectations for EITI supporting companies and is undertaking regular assessments of company adherence. Data from these assessments can contribute to ESG performance and measurement. Reviewing company adherence A 2021 review of company adherence to the Expectations found that all but two companies had made public declarations of support for the EITI, and some had gone further to explain their role in promoting transparency in all countries in which they operate. All EITI supporting companies had disclosed taxes and payments made to EITI implementing countries where they operate, while nearly two thirds had also disclosed payments to non-EITI implementing countries. Practices in relation to procurement processes were varied, with some companies providing significant information on procurement processes, including policies on local content, sustainable supply chains, conduct and expectations. All but one EITI supporting company has published a report on sustainability, corporate social responsibility, or ESG that presents the company’s approach to delivering natural resources in a manner that benefits societies and communities. A second assessment of company adherence to the Expectations is underway. Understanding how the EITI benefits companies A 2022 independent study found that supporting the EITI can benefit extractive companies and investors in multiple ways. Companies that engage with the EITI Principles and reporting framework, either as an EITI supporting company or a company reporting at country level, may benefit from improved internal processes and decision-making; better resource governance in countries with high resource potential and high governance risk; ease of compliance with other transparency and disclosure standards; and building and improving trust with stakeholders to mitigate operational risks. Where companies seek to develop assets in high-risk jurisdictions, EITI project-level disclosures enable investors and customers to verify payments to government and companies’ operational practices. Companies may also improve their understanding of resource management through participation in the EITI’s multi-stakeholder platform. Chrome mine in Albania.