2022 OECD Global Anti-Corruption & Integrity Forum

REPLAY: What standards and practices can prevent corruption from infiltrating critical mineral supply chains?

Mar 31, 2022 | 4:00 PM CEST - 5:30 PM CEST



The replay of the session is now available - scroll down to access the video, or copy the link into your browser: https://www.youtube.com/watch?v=XL4UxfW2Roc. This session is organised by the Natural Resource Governance Institute (NRGI) and the Extractives Industries Transparency Initiative (EITI), Knowledge Partners of the virtual 2022 OECD Global Anti-Corruption & Integrity Forum. The language of this session is English. The rising demand for the minerals used in green technologies risks triggering a surge in corruption similar to that observed during past commodity booms. Such a surge could undermine the reliable supply of these minerals, thereby threatening global efforts to develop low carbon economies. More than half of the world’s nickel, cobalt and rare earth reserves are located in countries with high levels of corruption, and corruption in mining operations, offtake deals or elsewhere could lead to costly delays and scandals for participants across the supply chain. Corruption in critical mineral supply chains could also inflict harm on the citizens of producer countries. Past extractive sector corruption has led to lost public revenue and foreign investment, human rights abuses, environmental damage, wavering public trust, political instability and other costs. Currently, corruption receives relatively limited attention from various critical mineral and green technology supply chain initiatives. However, governments, companies, civil society and international organizations and experts have learned a great deal about how to prevent extractive sector corruption. This event will bring together these stakeholders to discuss what kinds of integrity measures are crucial to preventing corruption in these mineral markets, including transparency in revenues, SOE affairs and beneficial ownership, and how such measures could advance. https://resourcegovernance.org/ https://eiti.org/