Extractives data: how the world has changed, and what lies ahead
Transparency, accountability and fight against corruption - Roundtable
Dec. 8 2016 11:00 AM - 11:50 AM
Palais d'Iéna - Amphitheatre
At this multi-stakeholder event, we will analyse the huge steps made towards transparency in the extractive sector over the past few years, and the challenges ahead. What data is available now that wasn’t before, and what more is needed?
The panel will be chaired by a PWYP International representative. It will begin with a ‘stock-take’ of the changes to the legislative landscape in the past few years - from the EU Accounting and Transparency Directives to the spread of countries participating in the Extractive Industries Transparency Initiative (EITI) - and will assess the different types of data which are now available as a result. Representatives of two Governments - one from the global south, the other from the global north - will explain the relevance of transparent extractives data to them, and what they have been doing to ensure that these data are used.
We will then hear from two of PWYP’s Data Extractors and a company representative, who will report back from the earlier ‘Can extractive companies hack it?’ workshop - a live opportunity to demonstrate how data can be used. The Data Extractors will also elaborate on their projects to use data in their national contexts, and the company representative will explain the benefits to business of a transparent sector.
The second half of our event will focus on what more still needs to be done to gain a clear picture of extractive companies’ activities. As well as the fact that many large markets around the world, including the BRICS countries, still do not have mandatory disclosure laws, a number of improvements could be made to existing disclosures. Currently, only a few countries require companies to publish in open, machine-readable formats, and central access points are rare, meaning users often have to dig deep on a company’s website to find the report they are looking for. This panel will look to find some agreement on what changes are needed to make extractives data as useful as possible, to as many people as possible!
The aim of this session is to demonstrate how the flurry of extractives data we have seen in the last few years can empower people. Yet it remains difficult to get a full picture of company activities, due to a lack of comparable, openly available data; and an absence of certain data such as contracts. Through a multi-stakeholder panel, we intend to show how greater levels of transparency are advantageous to government, industry and citizens. We will show what can be done with the data we now have, and identify what more data is needed to make extractives industries more open. We are discussing the possibility of co-hosting this panel with the UK Department for International Development (DfID).
Here are some of the questions that the panel discussion will seek to address: - What does the recent wave of extractives data mean for civil society? What do we know now that we didn’t before? - How can greater transparency benefit civil society, government and companies? How are these data being used - What more is needed to have a truly open extractive industry?