EITI – Extractive Industries Transparency Initiative

K+S is participating in the Extractive Industries Transparency Initiative. The global Extractive Industries Transparency Initiative (EITI) advocates greater financial transparency and accountability in the extractive industries sector.

K+S is involved in D-EITI and is a member of the multi-stakeholder group (MSG) for the salt and potash sector. Since the German Federal Government announced its intention to implement the EITI in July 2014, many milestones have been achieved.

The first D-EITI Report makes the value contribution of the German raw materials sector transparent to an interested public. For this, German companies in the raw materials sector reported their tax expenditures transparently and thus document their responsible handling of revenue flows. In accordance with EITI’s principle of payment reconciliation, the authorities as payees reported the payments at the same time. The two figures were reconciled.

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