Extractive Industries

Category: Policy Areas | Back to Glossary

Applying open government values of transparencyAccording to OGP’s Articles of Governance, transparency occurs when “government-held information (including on activities and decisions) is open, comprehensive, timely, freely available to the pub... More, participation, and accountability to extractive industriesApplying open government values of transparency, participation, and accountability to extractive industries can decrease corruption, safeguard community interests and needs, and support environmental ... can decrease corruption, safeguard community interests and needs, and support environmental sustainability.

Technical specifications: Cover the extraction and governance of renewable and non-renewable natural resources (mining, forests, fisheries, etc.) and related industries.

See also: Beneficial OwnershipDisclosing beneficial owners — those who ultimately control or profit from a business — is essential for combating corruption, stemming illicit financial flows, and fighting tax evasion. Technical... More