Banca March, a Spanish investment bank and financial services company, has selected GoldenSource ESG Impact to manage data and analytics for its ESG-related investment and banking processes. As part of the bank’s data strategy, the approach to mastering and managing ESG data will be aligned with enterprise data already managed in GoldenSource tools Security Master and Price Master.
Headquartered in Palma de Majorca, Spain, the investment bank will initially use GoldenSource ESG Impact to manage MiFID II sustainability preferences. It will then extend use of the solution to cover compliance with Sustainable Finance Disclosure Regulation (SFDR).
Sonia Colino, people, brand and sustainability director at Banca March, says: “ESG data, managed well, offers competitive efficiencies and insights. With granular data, plug and play analytics, and the ability to work on ESG investment processes at the instrument, entity or whole portfolio level, Banca March is set to offer customers sustainable and responsible investment services.”
John Eley, CEO at GoldenSource, says ESG Impact was designed to address the challenges of this relatively new and heterogeneous data type. These include making sense of, and operationalising, the variety of data that is available, and using the data competitively while remaining compliant with evolving regulations.
Banca March will use ESG Impact to manage ESG metrics, such as scores across all ESG pillars, and integrate securities-related data for the EU Taxonomy, greenhouse gas/carbon intensity, and ESG analytics. The bank will initially use data feeds from Clarity AI and Sustainalytics, for which GoldenSource will provide serviced connections that ensure automated data integration and zero maintenance effort as the data sets evolve.
Subscribe to our newsletter