This report presents an assessment of the level of transparency of 33 companies in the extractive sector in Mozambique for the year 2023, using the Extractive Industry Transparency Index (EITI). This is the fourth report focusing exclusively on the transparency of companies operating in Mozambique, following a methodology developed by the Centre for Public Integrity.
The assessment reveals important negative trends and companies’ commitment to fiscal transparency, corporate governance, social responsibility and environmental sustainability (ESG-F). In this edition, which incorporated a new methodology requiring companies to perform well in all areas of ESG-F transparency rather than just performing well in a few subsectors, a worrying trend was observed: the level of overall transparency was only 12.31 per cent out of a total of possible 100 per cent, representing a reduction of approximately 41.38 per cent compared to the 2022 index, which was 21 per cent. This decline is the result of a combination of three factors, namely: i) less transparency; ii) an increase in the number of companies, from 21 to 33; and iii) the introduction of the new methodology, which requires more effort in all dimensions of the index, based on international standards.
