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Thomson Extel and the UK Social Investment Forum Launch the Social Responsible Investment Survey

London, 11 July 2003 – Thomson Extel, in association with the UK Social Investment Forum (UKSIF), today announces the results of its first survey on Social Responsible Investment.  The survey, which was conducted from 24 March to 24 May 2003, had responses from 105 of Europe’s premier fund management firms.

Key highlights from the Thomson Extel/UKSIF Survey include:

·        HSBC Securities and Dresdner Kleinwort Wasserstein set to capitalise on growing demand for Socially Responsible Investments (SRI) sell-side services

·        90% of the leading fund management firms surveyed stated that they expect their involvement in the SRI market to increase.

·        Key awards are being presented on July 10 in the evening by Tessa Tennant, Chair of the Carbon Disclosure Project and long-standing global SRI advocate. 

Key rankings from the Thomson Extel/UKSIF Survey include:

Best Brokerage Firm for SRI Analysis/Reports:

1.            HSBC Securities

2.            Dresdner Kleinwort Wasserstein

3.            WestLB Panmure

Best Brokerage Firm for SRI News Service:

1              Dresdner Kleinwort Wasserstein

2              HSBC Securities

3              WestLB Panmure

Best Sector Sell-side Analyst for Integrated SRI Analysis:

1              Ben Yeoh, HSBC (Pharmaceuticals)

2              Alastair Bishop, Dresdner Kleinwort Wasserstein (Capital Goods)

3              Andrew Hollins, Dresdner Kleinwort Wasserstein (Metals & Mining)

According to the results of the first Thomson Extel/UKSIF Survey, there is a rapidly growing demand for SRI-related information from Europe’s leading fund management firms, with over 90% of asset managers expecting their involvement in the SRI market to increase.

 Helen Wildsmith, Executive Director UKSIF said:

“As the clear leaders in the brokerage community for SRI-related news and analysis, HSBC and Dresdner Kleinwort Wasserstein are ideally placed to capitalise on the rapidly growing demand from investors for news, views and research about material social and environmental issues.  And as UKSIF members, HSBC and Dresdner Kleinwort Wasserstein are already close to the changing needs of the market.”

Steve Kelly, Head of Thomson Extel Survey commented:

“We at Thomson Extel are delighted to have undertaken this survey with UKSIF.  The results will add value to investors and analysts on understanding the perceptions of SRI, and are a further sign of our desire to deliver information to the market through focused, relevant surveys.”

The Awards will be presented by Tessa Tennant at UKSIF’s summer reception on the evening of Thursday 10 July 2003.  A leading proponent of SRI over the last 15 years, Tessa is Chair of both the Carbon Disclosure Project and ASrIA (Association for Sustainable & Responsible Investment in Asia). She said “The increasing integration of SRI into sell-side analysis is really exciting, and indicates how far SRI has advanced in the UK over the last decade”.