London has come top in Z/Yen and Finance Watch’s global green index.
In Brief:
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The city has retained the top spot for another year despite progress across Europe.
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European cities took the top five places in the ranking.
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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.