Montreal is gaining ground in the world ranking of green and sustainable finance cities, according to the most recent edition of the annual “Global Green Finance Index” published by the international analysis firms Long Finance and Z/Yen.
Montreal’s financial center jumps nine positions to find itself at 12e world rank among this ranking of 94 financial centers. This ranking is established in consultation with 800 green finance stakeholders from around the world.
With this progress of the 21e world rank in 2022 at 12e rank in 2023, Montreal rises among the top-5 North American green finance city, after New York, Washington and Los Angeles, but ahead of San Francisco and Chicago.
Also, Montreal consolidates its position as the leading green financial center in Canada, far ahead of Toronto – on 22e world ranking – and Vancouver, listed at 30e world rank.
At the Finance Montréal association, which brings together the main stakeholders in the financial sector of the Quebec metropolis, the general director, Jacques Deforges, is delighted with the growing notoriety of Montreal in the global market for green and sustainable finance.
“This recognition highlights the collective effort (from the financial community in Montreal) to harness the power of green finance to fight climate change, the loss of biodiversity and other critical global issues,” comments Mr. Deforges in the introductory text of the “Global Green Finance Index” report.
“Montreal’s strength in sustainable finance reflects the values and vision of our financial community, as well as the high priority it places on investments aligned with sustainable development goals,” according to Mr. Deforges.