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analyst meetings spread to the continent

June 2003

A UK initiative that brings together investment analysts and corporate executives to discuss their company’s ethical performance has expanded its horizons to continental Europe.

The informal initiative was set up by HSBC Investment Bank last July, and so far around 50 companies – including Centrica and Diageo – have taken part.

Now Mike Tyrrell, a socially responsible investment analyst at HSBC who came up with the idea, says there are plans to include companies from further afield. Danisco (Denmark) and Statoil (Norway) are among non-UK companies to have given presentations so far this year.

‘It’s been very successful, so we’re expanding to include more continental European companies. Although many of the meetings have been face to face, we have increasingly been making conference calls, which would work well in this context.’

The meetings are typically attended by between 12 and 35 analysts, most of them SRI specialists but some mainstream, and are a simple way for companies to present their CSR initiatives to dozens of institutional investors in one sitting. HSBC believes the initiative is unique.

‘Usually the company will send someone with executive responsibility for sustainable development, often someone from investor relations, and sometimes someone from the board,’ said Tyrrell.

‘The analysts find them useful because they are a short, sharp way of getting an update on a company. Companies want to talk to investors about their social and environmental performance, so it makes sense that an investment bank should bring them together.’




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