Fund managers face ‘rapidly closing’ window to fix CO2 math

The Net Zero Asset Managers initiative allows members to choose between three methods for calculating how much of their portfolios are aligned with a net-zero goal. The result is a patchwork of outcomes.
“The longer we spend talking about methodologies and data, the longer we delay action,” said Hortense Bioy, global head of sustainability research at Morningstar, which is calling for greater standardization of net-zero methods. | Photo: PR / MORNINGSTAR
“The longer we spend talking about methodologies and data, the longer we delay action,” said Hortense Bioy, global head of sustainability research at Morningstar, which is calling for greater standardization of net-zero methods. | Photo: PR / MORNINGSTAR
By Frances Schwartzkopff / BLOOMBERG

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.

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