Spain Exceeds 1,000 ESG-Certified Cesga Analysts, Ranking Third Globally
Spain now ranks third worldwide with over 1,000 ESG-certified Cesga analysts, underscoring its leadership in sustainable finance expertise.
- • Spain has 1,039 Cesga-certified ESG analysts, ranking third globally after Hong Kong and Germany.
- • The number of certified analysts in Spain has nearly doubled in three years.
- • Effas plans to expand the Cesga certification to Malaysia and other emerging markets.
- • Major financial institutions like Caixabank, Santander, and Mapfre support Cesga certification in Spain.
Key details
Spain has surpassed the milestone of 1,000 certified ESG analysts holding the Cesga certification, achieving a total of 1,039 professionals as of September 2025. This growth positions Spain as the third country worldwide in the number of Cesga-certified analysts, only behind Hong Kong and Germany. The number of Cesga analysts in Spain has nearly doubled over the past three years, highlighting the country's rapid development in sustainable finance expertise.
The Cesga certification is granted by Effas, the European Federation of Financial Analysts Societies, with training and exams managed in Spain by the Instituto Español de Analistas (IEA). Globally, the Cesga community totals 8,149 professionals across 120 countries, with 61% based in Europe. Effas is expanding the certification to Malaysia to enhance its global reach, especially in Asia and emerging markets.
The profile of Cesga analysts in Spain is evolving towards younger, highly educated professionals working in areas such as asset management, ESG analysis, financial advisory, and risk management. Major Spanish financial institutions like Caixabank, Santander, and Mapfre have supported this certification's growth. According to María Redondo, director of the Escuela FEF, IEA's official training center, "reaching the milestone of 1,000 certified professionals in Spain is thanks to the continuous efforts and commitment of the IEA and Escuela FEF."
This achievement strengthens Spain's international stature in sustainable finance and demonstrates how accessible specialized training can drive the transition to more responsible investment practices.
This article was synthesized and translated from native language sources to provide English-speaking readers with local perspectives.