The ranking reconfirms the strength of Luxembourg’s sustainable finance toolbox; from the fund ecosystem that has ensured the Grand Duchy is the preeminent ESG mutual fund centre globally, both by assets (21.2%) and by number of funds (21.4%), to the pioneering role that the Luxembourg Green Exchange (LGX) continues to play. The LGX is currently the largest green bond market globally, with approximately 50% of all green bonds listed on the exchange.
Initiatives such as the Sustainability Bond Framework and Luxembourg Sustainable Finance Initiative will continue to ensure that the Grand Duchy plays a central role in ensuring that the future of finance is sustainable.
Commenting on the ranking, Nicolas Mackel, CEO of Luxembourg for Finance noted that “Luxembourg’s position, not only within the EU but also globally, is testament to the continued expertise that the Grand Duchy has built, and continues to build in the realm of sustainable and green finance.”
The GGFI is published by Z/Yen Partners and a globally recognised comparison of the depth of green finance across leading financial centres.