Statement of Support
Engagement with the EITI
South32 supports governments publicly disclosing contracts and licences for the exploration of minerals and other natural resources as outlined in the EITI Standard. The company is committed to publicly disclosing its royalty and taxation payments to national governments and it supports host countries such as Australia, Brazil and South Africa to become EITI implementing countries.
Many of South32's major contracts for resource development are already publicly available and the company is compiling a full inventory of contracts for inclusion in its Tax Transparency Report for 2020.
South32 believes that its annual Tax Transparency and Payments to Governments Report allows the company to demonstrate that its tax affairs are conducted in accordance with its corporate values and commitment to ethical business practices. This report outlines the company's approach to tax governance and details its tax payments to governments on a country-by-country and project-by-project basis. South 32's Tax Transparency Report for 2019 is available here.
The company supports initiatives that require companies to publicly share their data, including payments made to governments and communities.
South32 also complies with the Transparency requirements included in Chapter 10 of the European Union Accounting Directive, the United Kingdom's Report on Payments to Governments Regulations 2014 and the Australian Board of Tax Voluntary Tax Transparency Code.