A world-leading green finance centre
Amsterdam has been named as one of the world’s top centres for green finance. The latest Global Green Finance Index (GGFI) ranked the Dutch capital’s financial sector as a global leader in both the depth and quality of its green finance offerings, which can be defined as any financial instrument or financial services activity resulting in positive change for the environment and society over the long term (sustainability). The most basic “greenness” of a company or project is that it contributes to reducing the emission of greenhouse gases.
Amsterdam came in first in the report’s depth index, and third in its quality index. The city was commended for its partnerships between central government and the financial services sector, “which has resulted in a range of projects and programmes designed to enhance resilience and cut emissions”. The report also stated that “the Government of the Netherlands and the Dutch National Bank continue to lead international collaboration for action on climate change in developing economies”.
GGFI aims to chart the progress of the world’s financial centres towards a financial system that delivers sustainable development, and values people and the planet as much as profit. It is produced every six months and ranks global financial centres according to a worldwide survey of finance professionals’ assessments and 131 quantitative measures provided by third parties, including the World Health Organisation and the World Bank.
Amsterdam’s finance industry is thriving
Amsterdam’s finance industry is the largest sector in the Amsterdam Metropolitan Area, accounting for 25 per cent of the regional economy (GDP of the region) and providing 255,000 jobs – roughly 19 per cent of jobs in the entire region. Increasing numbers of international FinTech businesses are coming to Amsterdam, where they join a community of successful homegrown players, including Adyen, Ohpen and Bux. The scene is grounded in a healthy tech and startup ecosystem, which includes one of the largest data transport hubs in the world – the Amsterdam Internet Exchange (AMS-IX).
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