Probus Sigma is an independent environmental investment technical research and development facility based in Lisbon, the home of the International Standards Community. The company is owned by its sta and partners. Probus maintains a 15 year leading international role in the research, technical support and development of existing and new environmentally based standards by which investment decisions are made. Over the years, Probus has worked closely with, Standard Owners, Financial Institutions, NGO’s, Governments and the Private Investment sector, in fact 90% of the global environmental / sustainable standards in use today have benefitted from specialist input from Probus technical specialists.
Probus Sigma is the only facility worldwide that has pioneered the development of Investment Grade environmental standards, the rise in the implementaion of ISO “Private” or “Hybrid” environmentally based standards for use as benchmarks for investment has created the need for substantial revisions of, for instance, accreditation processes which now must contain not only ISO based compliance factors but crucially, must also contain credible and robust financial risk averse strategies. Probus is the only entity technically constructing and implementing these dual risk reduction accreditation processes.
Members of the Probus management staff serve and have served as experts, board members, and founding CEOs of some of the most important International standards developed in the last ten years. These include CDM, JI & Voluntary GHG Programmes as well as activities related to monitoring & verification under the EU ETS. Providing input to the UK Financial Stewardship Code, accreditation oversight boards, including Globalgap, and as acting, founding CEO of VCS and IETA. Without doubt, the knowledge bank accrued over several years is without equal, the ‘hands on’ experience continues to attract new projects and new product development. Probus is now collaberating with several leading European University Business Schools to define predictive investment and Insurance risk methodologies linked to large scale GHG Projects.
Towards Better Financial Decision Making
Environmetrics is not as such a new science as it originated with the Ancient Egyptians whose word for sustainability was stability. And those ancient Egyptians were making quite an effective use of it in their studies of sustainable food production and conservation of natural resources which led to the creation of the earliest instruments of measurement and to the beginning of predictive mathematical formulas. Every applied science requires data, and data in turn begins with accurate measurement. In the days of the pharaohs, environmental water measurements were made using ‘nilometers’, deep wells placed along the shores of the Nile and dug especially to record the height of the river’s water. It is thought that the measurements were translated into estimates of crop yields.
False Claims in GRI & PRI Sustainability Reports
New Academic Report confirms GRI & PRI are not fit for purpose
Probus and the Financial Academic community have long criticized the Global SRI Industry for the complete lack of standards and verification of the claims the Industry makes in regard to sustainability. Of the 41 Global Accords, Principles and codes of Practice which includes GRI & PRI, all rely upon self-reported non-verified information. There is no redress for omissions and false reporting above a mild slap on the wrist. UNEP is complicit in these pseudo metrics based upon fake standards. The entire SRI Industry carries these fundamental flaws throughout hundreds of differing SRI based “sustainability” analytical methodologies, to be found in all the so called Corporate Sustainability. Ratings Agencies, where the “analytics” are based upon the historic “reading” of corporately issued Annual Reports. Other methodologies include analysing media reports which are mostly produced by the corporates themselves and “engaging with corporates” all of these methodologies are entirely subjective, unverified sources, the results of which are reflected in the failure of SRI based Investment to perform or define the real value drivers within ESG, (an entirely different set of quantitive metrics to SRI). While corporates and Financial Institutions proudly boast their signature to GRI & PRI, the truth is a different matter.