Extractive Industries Transparency Initiative (EITI): The objective of the EITI is to improve the transparency around the generation and spending of revenues from the extractive sector so as to improve development outcomes, reduce the potential for corruption or large-scale embezzlement of funds by host governments; and to stimulate debate about the uses to which these revenues are put. The EITI is a multi-stakeholder process involving developed and developing country governments, the international financial institutions, non-governmental organizations and a group of significant investors.Â
For more information, please visit here.
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Global Reporting Initiative (GRI): GRI is a multi-stakeholder process and independent institution whose mission is to develop and disseminate globally applicable Sustainability Reporting Guidelines. These Guidelines are for voluntary use by organizations for reporting on the economic, environmental, and social dimensions of their activities, products, and services. The GRI incorporates the active participation of representatives from business, accountancy, investment, environmental, human rights, research and labour organizations from around the world.Â
For more information, please visit here .Â
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Initiative for Responsible Mining Assurance (IRMA): The IRMA was a network of mining companies, retailers, industry associations and NGOs with the mission to develop a voluntary system to independently verify compliance with environmental, human rights and social standards for mining. Main goal of the network was the fair and equitable distribution of benefits to communities, including tribes and first communities. Founded in 2006, IRMA had a one year mandate, ending in July 2007, to create a set of standards and a verification system. To ensure coordination and avoid duplication, the Council for Responsible Jewellery Practices and the ICMM were part of IRMA’s network.
For more information, please visit here.
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The Business Social Compliance Initiative is the broadest business-driven platform for the improvement of social compliance in the supply chain of commerce. The BSCI system covers all supplier countries and all consumer goods.Â
For more information please visit here.Â
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