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

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.