Model Governance Policy

The models used by Envalis are a tool that supports the analysis of projects and the process of investment and financial decision-making. Their purpose is to provide a reliable, consistent and transparent assessment of the risks and economic potential of the ventures analysed.

Envalis adopts an approach in which a model does not serve to confirm an expected result, but to analyse objectively the relationships between the key factors affecting a project. The results of the models are a direct consequence of the assumptions adopted and the input data.

Each model is based on clearly defined assumptions, documented data sources and a defined scope of application. The results of the analyses are interpreted solely in the context of those assumptions and do not constitute a guarantee of future results.

Envalis ensures the transparency and consistency of the modelling process by documenting key assumptions and by controlling changes to the models. The models are designed in a manner that allows them to be verified and their results to be reproduced.

The models are subject to internal verification covering the assessment of their correctness, consistency and adequacy to the nature of the project being analysed.

The results of the analyses are presented in a manner that takes account of uncertainty and the variability of market conditions, including through the analysis of alternative scenarios.

Envalis applies organisational and technical measures intended to protect the integrity of the models and to restrict access to them solely to authorised persons.

The aim of Envalis is to ensure a high analytical standard that combines reliability, transparency and responsibility in the process of evaluating projects.