Skip to content

Fund Managers Face ‘Rapidly Closing’ Window to Fix CO2 Math

Investment firms are using different methodologies to calculate their carbon footprints.

A forest fire in Louchats, south-western France, on July 17, 2022.

(Photogapher: Thibaud Moritz/Getty Images)

A forest fire in Louchats, south-western France, on July 17, 2022.

(Photogapher: Thibaud Moritz/Getty Images)

Updated on

As global warming leaves a trail of wildfires, drought and human loss across much of the northern hemisphere, there’s fresh evidence that the financial pledges needed to protect the environment may not be fit for purpose.

“I hope that what we’re seeing will accelerate action, but it’s not necessarily the case,” said Jean-Xavier Hecker, co-head of ESG research at JPMorgan Chase & Co., in an interview.