London has come top in Z/Yen and Finance Watch’s global green index.
In Brief:
-
The city has retained the top spot for another year despite progress across Europe.
-
European cities took the top five places in the ranking.
-
London came top in ‘quality’ but Amsterdam was highest commended for ‘depth’.
What does this mean?
It’s positive news for London’s finance sector in showing how it can deliver on a higher social purpose – however, the report warned that as the UK doesn’t yet have a sovereign green bond, it could lose its ranking next year.
