{"id":1389,"date":"2018-04-10T16:48:44","date_gmt":"2018-04-10T16:48:44","guid":{"rendered":"https:\/\/www.genesisarg.com\/?p=1389"},"modified":"2018-04-10T16:49:34","modified_gmt":"2018-04-10T16:49:34","slug":"global-green-finance-index-launched-today-western-europe-outperforms-other-regions","status":"publish","type":"post","link":"https:\/\/www.genesisarg.com\/en\/novedades\/global-green-finance-index-launched-today-western-europe-outperforms-other-regions\/","title":{"rendered":"Global Green Finance Index launched today, Western Europe outperforms other regions"},"content":{"rendered":"<p><\/p>\n<div>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"0\" align=\"center\">\n<tbody>\n<tr>\n<td>\n<div class=\"mj-column-per-100 outlook-group-fix\">\n<table border=\"0\" width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td align=\"justify\">\n<div>\n<p>Brussels, 14 March 2018 &#8211; The new\u00a0<strong>Global Green Finance Index (GGFI)<\/strong>\u00a0was launched today by Finance Watch and Z\/Yen at an event in Brussels. The GGFI ranks the world\u2019s financial centres according to perceptions of the quality and depth of their green finance offerings.<\/p>\n<p>In this inaugural edition (GGFI 1), financial centres in Western Europe outperformed those in other regions. The full report can be downloaded\u00a0<a href=\"http:\/\/www.longfinance.net\/GGFI-2018\/GGFI1_Full_Report.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">here<\/a>.<\/p>\n<p>The report\u2019s findings include:<\/p>\n<ul>\n<li>The leading green financial centres in each region are London, San Francisco, Shanghai and Shenzhen, Johannesburg and Cape Town, Mexico City, and Moscow.<\/li>\n<li>Paris, Frankfurt and New York lead the centres most cited as likely to become more significant over the next two to three years.<\/li>\n<li>Financial centres that have shown leadership in green finance policy are expected to gain in significance, with Paris at the top of this list.<\/li>\n<li>In some countries, smaller centres with a strong green focus such as San Francisco and Hamburg outperformed larger centres such as New York and Frankfurt.<\/li>\n<li>The rankings are liable to change in future editions, as they are based on tightly clustered scores in the range of 322-437 points out of 1,000.<\/li>\n<li>The level of scores suggests that green finance can grow substantially in size and quality.<\/li>\n<li>Supportive policy measures and investor demand are seen as the main drivers of green finance.<\/li>\n<li>Renewable Energy Investment, Green Bonds and Sustainable Infrastructure Finance were rated as areas of high impact on sustainability and of high interest to respondents.<\/li>\n<li>Disinvestment from fossil fuels was rated as high impact on sustainability but low interest to respondents, suggesting room for policy change.<\/li>\n<\/ul>\n<div><strong>Top Five Centres for Green\u00a0<\/strong><strong>Finance &#8211; Penetration\u00a0<\/strong><br \/>\nLondon<br \/>\nLuxembourg<br \/>\nCopenhagen<br \/>\nAmsterdam<br \/>\nParis<strong>Top Five Centres for Green\u00a0<\/strong><strong>Finance &#8211; Quality\u00a0<\/strong><br \/>\nLondon<br \/>\nAmsterdam<br \/>\nBrussels<br \/>\nHamburg<br \/>\nParis<\/p>\n<\/div>\n<p><strong>Dr. Simon Zadek<\/strong>, 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:<br \/>\n\u201cRatings 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&#8217;s financial centres\u201d.<\/p>\n<p><strong>Michael Mainelli<\/strong>, Executive Chairman of Z\/Yen, said:<br \/>\n\u201cThe core of the GGFI is a perception survey which observes and promotes change where it matters most \u2013 in people\u2019s 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.\u201d<\/p>\n<p><strong>Beno\u00eet Lallemand<\/strong>, Secretary General of Finance Watch, said:<br \/>\n\u201cThe 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.\u201d<\/p>\n<p><strong>Andr\u00e9 Hoffman<\/strong>, President of MAVA Fondation pour la Nature, said:<br \/>\n\u201cWe are pleased to be supporting the GGFI as part of our programme to contribute to the creation of a more sustainable global economic system. 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.\u201d<\/p>\n<p>&nbsp;<\/p>\n<p>ENDS<\/p>\n<p>&nbsp;<\/p>\n<p>For further information or to interview one of the team, please contact:<\/p>\n<p>Mike Wardle, Z\/Yen<br \/>\nEmail:\u00a0<span id=\"cloak1b47839883a0ef4ce95e4668165cb08f\"><a href=\"mailto:mike_wardle@zyen.com\">mike_wardle@zyen.com<\/a><\/span><br \/>\nTel: +44 (0) 20 7562 9562<\/p>\n<p>Greg Ford, Finance Watch<br \/>\nEmail:\u00a0<span id=\"cloak42143c8dafe4b5161f45019286cae485\"><a href=\"mailto:greg.ford.ext@finance-watch.org\">greg.ford.ext@finance-watch.org\u00a0<\/a><\/span><br \/>\nTel: +44 (0) 7703 219 222<\/p>\n<p>&nbsp;<\/p>\n<p>NOTES<\/p>\n<p>&nbsp;<\/p>\n<p>The GGFI is a non-profit initiative produced by Finance Watch and Z\/Yen with support from the MAVA Fondation pour la Nature.<\/p>\n<p>The GGFI will be updated every six months, based on a survey running continuously at<a href=\"http:\/\/greenfinanceindex.net\/survey\/\" target=\"_blank\" rel=\"noopener noreferrer\">http:\/\/survey.greenfinanceindex.net\/<\/a><\/p>\n<p>GGFI 1 was launched at the Hotel Leopold, Rue de Luxembourg, Brussels at 12:00 hours CET on 14 March 2018.<\/p>\n<p>For further information see\u00a0<a href=\"http:\/\/www.greenfinanceindex.net\/\" target=\"_blank\" rel=\"noopener noreferrer\">www.greenfinanceindex.net<\/a>\u00a0and the Finance Watch\u00a0<a href=\"http:\/\/www.finance-watch.org\/our-work\/dossiers?fid=192\" target=\"_blank\" rel=\"noopener noreferrer\">website<\/a>.<\/p>\n<p>Set up in 2011,\u00a0<a href=\"http:\/\/www.finance-watch.org\/\" target=\"_blank\" rel=\"noopener noreferrer\">Finance Watch<\/a>\u00a0is an independent non-profit association with a mission of making finance serve society. It acts as a public interest counterweight to the powerful financial lobby. Its mission is to strengthen the voice of society in the reform of financial regulation by conducting advocacy and presenting public interest arguments to lawmakers and citizens. Finance Watch has 46 member organizations and 30 individual expert members from 14 different countries in Europe.<\/p>\n<p><a href=\"http:\/\/www.zyen.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Z\/Yen<\/a>\u00a0helps organisations make better choices &#8211; our clients consider us a commercial think-tank that spots, solves and acts. Our name combines Zen and Yen &#8211; \u201ca philosophical desire to succeed\u201d &#8211; in a ratio, recognising that all decisions are trade-offs. One of Z\/Yen\u2019s specialisms is the development and publication of research combining factor analysis and perception surveys.<\/p>\n<p>Founded by late Dr Luc Hoffmann in 1994,\u00a0<a href=\"http:\/\/mava-foundation.org\/\" target=\"_blank\" rel=\"noopener noreferrer\">MAVA<\/a>\u00a0is a Swiss-based philanthropic foundation with a focus on biodiversity conservation. Running three region-based programmes in Switzerland, the Mediterranean and West Africa, and a fourth programme focused on Sustainable Economy, MAVA works through partnerships with international, national and local NGOs, research institutions and universities, and occasionally with government bodies or individuals.<\/p>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>&nbsp;<\/p>\n<\/div>\n<p><\/p>","protected":false},"excerpt":{"rendered":"<p>Brussels, 14 March 2018 &#8211; The new\u00a0Global Green Finance Index (GGFI)\u00a0was launched today by Finance Watch and Z\/Yen at an event in Brussels. The GGFI ranks the world\u2019s 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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1390,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[90,43,44,26,89,17,6,7],"_links":{"self":[{"href":"https:\/\/www.genesisarg.com\/en\/wp-json\/wp\/v2\/posts\/1389"}],"collection":[{"href":"https:\/\/www.genesisarg.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.genesisarg.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.genesisarg.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.genesisarg.com\/en\/wp-json\/wp\/v2\/comments?post=1389"}],"version-history":[{"count":0,"href":"https:\/\/www.genesisarg.com\/en\/wp-json\/wp\/v2\/posts\/1389\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.genesisarg.com\/en\/wp-json\/wp\/v2\/media\/1390"}],"wp:attachment":[{"href":"https:\/\/www.genesisarg.com\/en\/wp-json\/wp\/v2\/media?parent=1389"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.genesisarg.com\/en\/wp-json\/wp\/v2\/categories?post=1389"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.genesisarg.com\/en\/wp-json\/wp\/v2\/tags?post=1389"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}