Citi stays top of SRI research rankings

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Citi Investment Research retained its position as the leading brokerage firm for socially responsible investment (SRI) research in the UK Sustainable Investment Forum and Thomson Reuters Extel awards. Société Générale and Cheuvreux came second and third in the rankings.

Citi Investment Research retained its position as the leading brokerage firm for socially responsible investment (SRI) research in the UK Sustainable Investment Forum and Thomson Reuters Extel awards. Société Générale and Cheuvreux came second and third in the rankings.

The awards are part of a wider annual survey on SRI and sustainability, collating the views of more than 300 investment professionals in 19 countries across Europe. This year, 202 buy-side firms and 23 brokerage firms and research houses took part.

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More than 60% of respondents predict that commissions directly related to SRI and sustainability research will increase in the next 12 months, and four out of five fund managers are looking at integrating SRI research into mainstream analysis.

Of the survey respondents on the buy-side, 55% allocate 2% or more of total commission spend to SRI. This is up from less than 10% of respondents in 2005.

The awards also recognised Société Générale as the leading brokerage firm for renewable energy research, followed by UBS and Cheuvreux.

Aviva Investors, which absorbed Morley Fund Management this year, won leading fund management firm for SRI, with RCM Allianz and Threadneedle AM coming second and third. Supermarket chain Tesco was named leading quoted company for sustainability communications, followed by Novo Nordisk.

Two of Citi's analysts – Mike Tyrrell and Meg Brown – were also recognised at the awards ceremony in London last night, scooping first and second place in the category of leading brokerage individual.

This article is reproduced with kind permission of Environmental Finance magazine. 
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