On 15 February 2011 Mercer’s Responsible Investment (RI) team launched Climate Change Scenarios – Implications for Strategic Asset Allocation, a free public report. Mercer, together with 14 leading institutional investors and industry thought leaders around the world, has been working for over a year on this market-leading research into the implications of climate change for markets and investor, calling for for 40% of institutional funds to switch toward “climate-sensitive assets” both for hedging risk and capturing opportunities in low-carbon companies.