David Blood, Managing Partner of Generation Investment Management, presented the Farsight Award to Cheuvreux for their research "Utilities vs. Carbon: Phase II", at an event at Gresham College, London,  on Monday 21 January 2008.

The Farsight Award is a project between the Universities Superannuation Scheme and Gresham College with support from Z/Yen Group Limited.  The objective of the Farsight Award is to honour the best individual piece of analysis by investment research institutions that integrates traditional financial analysis with longer term issues such as climate change,
corporate governance and human capital.

Research submitted by Enhanced Analytics Initiative members covered issues such as environmental and social governance, beverages, biofuels, retail lending, CO2 & automobiles, energy and climate change.  The criteria for the Farsight Award are originality, quality, readability and clarity, sophistication and depth, and financial usefulness.  The Farsight Award
judges evaluated six exemplary research submissions from investment research firms Bear Stearns, Cheuvreux, Citigroup, Deutsche Bank, Goldman Sachs and Innovest.

Cheuvreux's report was notable for setting out challenging thinking about scenarios beyond 2012 for the European Emissions Trading Scheme and utilities.

Melissa Brown, Managing Director of ASrIA, who was one of the judges pointed out that "2008 looks to be the year when bold, smart analysts could help score some major coups".