Global Green Finance Index 10

The tenth edition of the Global Green Finance Index (GGFI) evaluates the green finance offering of 84 financial centres. The GGFI serves as a valuable measure of the development of green finance for policy and investment decision-makers. The top 20 centres in GGFI 10 are shown in the table below.

• London and Amsterdam maintained their first and second positions in GGFI 10, both improving their rating, but with New York gaining 27 points to move into third place. Sydney and Copenhagen moved into the top 10, displacing Zurich and Oslo.

• Western European centres take six of the top 10 places, with US centres taking three places and Sydney entering the top 10 for the first time.

• Seven Asia/Pacific centres feature in the top 20. There is increasing challenge to Western European dominance, with leading Asia/Pacific and US centres moving steadily up the rankings.

• The margins separating centres at the top of the index have narrowed slightly in GGFI 10. Among the top 10 centres the spread of ratings is 42 out of 1,000, compared to 45 out of 1,000 in GGFI 9.

• We researched 126 financial centres for GGFI 10. The number of centres in the index has increased to 84 (81 in GGFI 9), with the addition of Riyadh, Sofia, and Riga.

In the supplement to this edition of the GGFI, we focus on agriculture, which is critical to the achievement of sustainable development goals and which is facing challenges from climate change, political instability, and population growth. We look at the role of different types of finance in supporting agricultural development.

Full details of GGFI 10 can be found at www.greenfinanceindex.net.

Professor Michael Mainelli, Chairman of Z/Yen Group, said: “New York has come close to challenging the leadership of London and Amsterdam in this edition of the Global Green Finance Index, the first to be sponsored by Abu Dhabi Global Market. As ESG approaches come under criticism, green finance needs to ensure it is focused on emissions reduction and the Sustainable Development Goals. Places that are thinking holistically about their environmental response and responsibilities are the most likely to succeed in their green finance ambitions.”