SMU Visiting Professor and DSM Senior Fellow in Partnership and Sustainability Simon Zadek commented on the new Global Green Finance Index (‘GGFI’), which was launched by Finance Watch and commercial think tank Z/Yen on 14 March and ranks the world’s financial centres according to “perceptions of the quality” and depth of their green finance offerings. “Ratings and indexes are important instruments to enable effective communications of relative and absolute progress, as well as encouraging a race to the top, and a healthy debate of what constitutes success and how it can best be measured,” he said. As such and in this spirit, he contended that Finance Watch and Z/Yen have “taken us all to the next level in providing us with the first globally applicable index of developments in greening the world's financial centres.”