The 17th edition of the China Construction Bank Global Green Finance Index (CCB GGFI) evaluates green finance offerings from 92 financial centres. The CCB GGFI serves as a valuable measure of the development of green finance for policy and investment decision-makers. The China Construction Bank began its support for the index in 2026.
The top 20 centres in CCB GGFI 17 are shown in the table below.
CCB GGFI 17 Headlines
- London regained its leading position in the index, with Singapore moving into second place. Zurich fell to third position while Amsterdam overtook Geneva to take fourth position.
- Frankfurt and Vienna entered the top 10 in this edition of the index, replacing Stockholm and Brussels.
- Western European centres take nine of the top 10 places. Singapore is the only Asia/Pacific centre in this leading group.
- The margins separating centres at the top of the index are small. Among the top 10 centres the spread of ratings is just 24 points out of 1,000 in CCB GGFI 17.
- Eighteen centres rose 10 or more places in the rankings. Nine centres fell 10 or more places.
- There has been a strong rebound in confidence in the development of green finance in financial centres. Following two editions of the index where average ratings fell, in this edition of the index, the average rating was up 5.14% compared with CCB GGFI 16, with all centres improving in the ratings. The data on which the index is based predates the recent conflict in the Middle East and the future ranking of centres may be affected by the outcome of those events.
- Among those responding to the CCB GGFI survey, Sustainable Infrastructure Finance, Renewable Energy Investment, and Environment, Social And Governance (ESG) Analytics are rated as the areas of green finance with most impact, while Sustainable Infrastructure Finance, Renewable Energy Investment, and Green Bonds are seen as the areas of most interest.
- Policy and Regulatory Frameworks, Technological Change, Climate Change, and Tax Incentives are listed by respondents as the major drivers of green finance. These underline the importance of regulatory frameworks in green finance.
In the supplement to this edition of the CCB GGFI, we analyse developments in the field of energy storage.
We researched 130 financial centres for CCB GGFI 17. The full details can be found at www.greenfinanceindex.net
Professor Michael Mainelli, Chairman of the Z/Yen Group, said:
"It is encouraging to see that following a drop in confidence in recent editions of the CCB GGFI, ratings are improving strongly across the board. Western Europe continues to take a leading role in green finance, but centres in Asia/Pacific such as Singapore and Tokyo are upping their game. The data for this edition of the CCB GGFI predate the current conflict in the Middle East. We anticipate that the economic shocks caused by that conflict will materially affect future editions of the index.”
