Two unrelated but coincidental investment trends are happening across Europe. The first is a switch from active to passive investing. The second is an increasing interest in the investment risks posed by climate change. According to the Mercer European Asset Allocation survey 2018, more than half (52%) of portfolios are run under passive strategies; an increase of 1% from last year. At the same time, the number of investors considering the risk of climate change increased from 5% to 17% over the past year.