6th May, 2008

Style Research and environmental research organisation Trucost have launched a partnership to provide an enhanced analysis of the carbon performance of portfolios to fund managers worldwide.

For the first time, Trucost’s world-class carbon data is available through an independent provider of global portfolio analysis. The partnership means that even more asset managers have direct access to Trucost data, and can analyse the carbon impacts of portfolios using holdings-based Style-and-Risk analysis software.

Asset managers can analyse the carbon performance of their equity portfolios against a chosen benchmark, such as the FTSE All-Share, S&P 500 or Russell 1000. The analysis indicates the extent to which a fund’s carbon impact varies from that of the benchmark. Funds with larger carbon footprints could have greater exposure to carbon costs imposed by policy measures to address climate change.

Chief Executive of Style Research Robert Schwob said: “It is not very often that companies such as ours have the opportunity to do something clearly positive for both our industry and the community as a whole. I am extremely pleased that now, following a period of successful collaboration and development, Style Research is in a position to help make environmental data more widely available to investors and to contribute to the understanding of environmental issues. This is an important and very special addition to the range of analysis facilities available within Style Research services.”

Trucost Chief Executive Simon Thomas said: “The partnership will bring the carbon data that only Trucost can deliver to a wider audience. Managing portfolios’ exposure to the rising costs of carbon inefficiencies is increasingly important. By working with a major international provider of global portfolio analysis and market research like Style Research, more fund managers can directly access Trucost information about the carbon footprints of their portfolios.”

NOTES FOR EDITORS

About the carbon footprint service
Trucost’s unique model combines greenhouse gas emissions and financial data to calculate the carbon intensity of portfolios. The carbon analysis can be used to identify the contribution of specific sectors to portfolio carbon footprints. For example, fund managers can find out whether overweighting holdings in the construction & materials sector has a negative or positive effect on the overall carbon performance of their funds. Trucost is able to provide further stock level analysis, so that fund managers can also identify individual company contributions to carbon footprints, and potential measures to reduce carbon impacts and risk exposure within portfolios.

About Trucost
Trucost Plc is a world-leading environmental research company which helps companies and investors understand the environmental impacts of business activities. Trucost provides data and analysis on company emissions and natural resource usage in financial as well as quantity terms to help investors, fund managers and analysts understand how environmental issues could affect companies' future earnings. Institutional investors use the information to assess the carbon or environmental footprints of their portfolios, to identify differences in performance, to address environmental risks and create structured products with lower carbon or environmental impacts.

Trucost tracks data on the environmental impacts and disclosures of over 4,000 companies and has the world’s largest record of greenhouse gas emissions. Coverage includes the FTSE All-Share, S&P 500, Russell 1000, Nikkei 225, DJ STOXX 600, MSCI World Developed, MSCI Europe, MSCI Asia ex-Japan and ASX 200 indices.

Trucost has offered expert advice and research to major corporations, institutional investors and to Government departments and associated agencies since its launch in 2000. Trucost’s investor clients include BlackRock, CCLA Investment Management, Crédit Agricole Asset Management, Environment Agency Pension Fund, Fond de Réserve pour les Retraites (FRR), Fortis Investment Management, GLG Partners, Henderson Global Investors, Hermes Pensions Management Ltd, Morley Fund Management, VicSuper and Merrill Lynch.

About Style Research
Style Research is an independent international provider of global Style, Risk and Performance analysis services for investment portfolios, funds and equity markets. The company was formed in 1996 and, with offices in London, Boston and Toronto, and representatives in South East Asia and South Africa, currently serves a client base of over 250 international investment institutions in 24 countries (investment managers, fund of funds managers, private client firms, investment consultants, plan sponsors, sovereign wealth funds and investment advisers).

For more information please contact:
Theo Moore, Brunswick Group
Matt O’Leary, Brunswick Group
+44 (0)20 7404 5959
tmoore@brunwsickgroup.com

For more information about Style Research contact:
Style Research Limited
+44 (0)20 7467 5500
london@styleresearch.com