We prove that the Drinfeld center $Z(\mathcal{C})$ of a pivotal finite tensor category $\mathcal{C}$ comes with the structure of a ribbon Grothendieck-Verdier category in the sense of Boyarchenko-Drinfeld. Phrased operadically, this makes $Z(\mathcal{C})$ into a cyclic algebra over the framed $E_2$-operad. The underlying object of the dualizing object is the distinguished invertible object of $\mathcal{C}$ appearing in the well-known Radford isomorphism of Etingof-Nikshych-Ostrik. Up to equivalence, this is the unique ribbon Grothendieck-Verdier structure on $Z(\mathcal{C})$ extending the canonical balanced braided structure that $Z(\mathcal{C})$ already comes equipped with. The duality functor of this ribbon Grothendieck-Verdier structure coincides with the rigid duality if and only if $\mathcal{C}$ is spherical in the sense of Douglas-Schommer-Pries-Snyder. The main topological consequence of our algebraic result is that $Z(\mathcal{C})$ gives rise to an ansular functor, in fact even a modular functor regardless of whether $\mathcal{C}$ is spherical or not. In order to prove the aforementioned uniqueness statement for the ribbon Grothendieck-Verdier structure, we derive a seven-term exact sequence characterizing the space of ribbon Grothendieck-Verdier structures on a balanced braided category. This sequence features the Picard group of the balanced version of the Müger center of the balanced braided category.