The Global Green Finance Index places Luxembourg in 2nd place worldwide for the depth of its green finance. In terms of quality of green finance, the country ranks 6th in the world. Published by London-based commercial think-tank Z/Yen, the Global Green Finance Index (GGFI) is a benchmark publication covering the development of green finance in financial centres. It is based on a worldwide survey of financial professionals’ assessments of the quality and depth of green finance offerings in financial centres. In the GGFI edition published in March 2020, Amsterdam is considered as the world leader in terms of the depth of green financing, with Luxembourg in 2nd place and Copenhagen in 3rd. Luxembourg improved its rating quite considerably compared to the previous edition and retains its 2nd place.

Luxembourg ranks 6th, up one place compared to last year. The country gained 24 points in the rating. If the depth and quality ratings are combined, Luxembourg ranks 4th internationally.Z/Yen comments that there is a growing confidence in the development of green finance across all regions, with almost all financial centres receiving increased ratings. The index is strongly dominated by financial centres in Western Europe, a fact that according to Z/Yen “reflects the continuing work being undertaken by European financial institutions, central banks, regulators, and the European Union to embed sustainability in their regulatory work”.