Kepler Cheuvreux has retained its spot as top European socially responsible investment (SRI) brokerage research house at the prestigious Thomson Extel awards.
The firm – still the only broker in Europe that has signed up to the Principles for Responsible Investment (PRI) – was named as Leading Pan-European Brokerage Firm for Sustainability Research at an event in London yesterday. Second was Bank of America Securities-Merrill Lynch, while UBS came in third place, the same order as last year (See full top 10 below).
The awards comes as the firm is set to publish a ground-breaking set of corruption indices using a methodology developed by campaign group Transparency International.
Kepler Cheuvreux has now taken top slot for the fourth year in a row, in a survey which aggregates the votes of over 200 investors, asset managers and asset owners globally.
In all Kepler Cheuvreux ranked first in SRI Research, Corporate Governance Research, Climate Change Research and ESG Corporate Access. It was also in the top three for Renewable Research and Long-term Thematic Research.
Thomson Reuters said: “Sustainabilty and ESG issues matter more for investors, but they want research to be integrated into mainstream analysis.”“This result reflects the firm’s unique, determined approach of integrating comprehensive corporate governance, business ethics and broad environmental and social analysis into its equity research model,” said Kepler Cheuvreux CEO, Laurent Quirin.
Meanwhile, Kepler Cheuvreux’s new Benchmark for Scoring Companies on Corruption Risks aims to provide investors with a tool for rating companies’ anti-corruption disclosure.
Kepler Capital Markets acquired brokerage firm Crédit Agricole Cheuvreux, one of the leading sell-side SRI firms, earlier this year.
The full top 10 (last year in brackets):
1. Kepler Cheuvreux (1st)
2. Merrill Lynch (Bank of America) (2nd)
3. UBS (3rd)
4. Société Générale (4th)
5. Goldman Sachs (8th)
6. Natixis (9th)
7. Exane BNP Paribas (18th)
8. HSBC (5th)
9. Oddo Securities (7th)
10. Citi (6th)