BRUSSELS, March 14, 2018/PRNewswire/ -- The new Global Green Finance Index (GGFI) was launched today by Z/Yen and Finance Watch at an event in Brussels. The GGFI ranks the world's financial centres according to perceptions of the quality and depth of their green finance offerings.
In this inaugural edition (GGFI 1), financial centres in Western Europe outperformed those in other regions. The full report can be downloaded here.
The report's findings include:
Dr. Simon Zadek, Co-Director, UN Environment Inquiry into the Design of a Sustainable Financial System; Visiting Professor and DSM Senior Fellow for Partnerships and Sustainability, Singapore Management University, said:
"Ratings and indexes are important instruments to enable effective communication of relative and absolute progress, as well as encouraging a race to the top, and a healthy debate of what constitutes success and how it can best be measured. In this spirit, Finance Watch and Z/Yen have taken us all to the next level in providing us with the first globally applicable index of developments in greening the world's financial centres".
Michael Mainelli, Executive Chairman of Z/Yen, said:
"The core of the GGFI is a perception survey which observes and promotes change where it matters most - in people's minds. The more we can get people talking about a sustainable transition, the quicker it will happen. The high level of interest in GGFI 1 is a step in that direction."
Benoît Lallemand, Secretary General of Finance Watch, said:
"The GGFI aims to contribute to the definition of green finance and identify best practices and areas for improvement. We hope it will promote bold policy initiatives and high-quality financing that can cut through greenwash. It is urgent that sustainable finance becomes mainstream in all financial centres."
André Hoffman, President of MAVA Fondation pour la Nature, said:
"We are particularly excited that smaller and more specialised centres, such as Hamburg and San Francisco, and financial centres with strong policy frameworks around green finance, such as Paris, Luxembourg and the Chinese centres, have performed well in this first index. We hope more centres will follow where they are leading."
The GGFI is a non-profit initiative produced by Finance Watch and Z/Yen with support from the MAVA Fondation pour la Nature.
The GGFI will be updated every six months, based on a survey running continuously at http://survey.greenfinanceindex.net/
GGFI 1 was launched at the Hotel Leopold, Rue de Luxembourg, Brussels at 12:00 hours CET on 14 March 2018.
Further information at www.greenfinanceindex.net
For further information or to interview one of the team, please contact:
Mike Wardle, Z/Yen
Greg Ford, Finance Watch
Source: Finance Watch