Amsterdam is first for depth and second for quality of green finance
The Global Green Finance Index (GGFI) is a respected twice-yearly survey that provides evaluations of the depth and quality of the green finance offerings of 64 major financial centres around the world. Amsterdam retains its top spot in the ‘depth’ ranking, which measures the intensity of green finance activity compared with all finance activity in the respective financial centre. In the ‘quality’ ranking, which looks at green financial products and services, Amsterdam rises one place to take the second spot, behind London and overtaking Paris.
Amsterdam leads global advances for green finance
The report also states that standards are improving around the world – ratings for both depth and quality of green finance rose in almost all financial centres and average performance across the measures of green finance depth and quality increased. Western Europe continues to be ahead in its approaches to green finance and related initiatives. This is partly due to EU efforts on strategy and regulations, as well as the work of central banks in Europe to embed sustainability in their regulatory work.
Charting the progress towards sustainable finance
The 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 forward-looking finance sector
Amsterdam has a rich history of financial innovation. The world’s first central bank was established here, as was the first joint-stock company. Today, it's the centre of the Dutch banking sector and a force in FinTech, making it one of Europe's leading financial centres.