1st December, 2006

FRR selects Trucost to provide Environmental Footprint analysis of equity funds

December 2006: Trucost has been awarded a mandate to provide Environmental Footprint analysis of global equity holdings of FRR, the French State Reserve Fund.

The value of the portfolios to be studied is approximately €17 billion. The research will show stock and sector level analysis of the environmental impacts of investments, and compare the Environmental Footprint of funds to various benchmarks.

This analysis is made possible due to Trucost’s unique database of environmental impacts of 3,200 companies, including those companies that do not disclose data on their environmental impacts to investors.

Last October FRR launched a process aimed at selecting external service providers to produce its first extra-financial reports and This reporting is designed to allow FRR management to (i) measure the environmental, social and governance quality of its portfolio, (ii) to assess to what extent its SRI investment approach contributes to sustainable development, and (iii) to identify the financial threats and opportunities to which the Fund may be exposed.

Trucost welcomes the opportunity to be involved in this interesting project.

FRR marks a number of new client wins in 2006 for Trucost including both asset managers and asset owners.

For more information please contact Ashleigh Lezard on +44 20 7321 3731, ashleigh.lezard@trucost.com