Head-quartered in Palma De Majorca, Spain, the private investment bank will initially use GoldenSource ESG Impact to manage MiFID II sustainability preferences and then extend it to cover SFDR (Sustainable Finance Disclosure Regulation) obligations.

John Eley, CEO at GoldenSource said: “We are delighted that Banca March has chosen GoldenSource to support their strategic approach to managing ESG data and analytics. We designed GoldenSource ESG Impact to address the challenges that this relatively new and heterogeneous data type will present to market participants in the coming years. These include making sense of and operationalising the variety of data that’s available, plus using that data competitively and to remain compliant with evolving regulations.”

Banca March will manage ESG metrics such as scores across all ESG pillars, plus integrate securities-related data for the EU Taxonomy, greenhouse gas/carbon intensity, and ESG analytics. The initial ESG data feeds at Banca March will come from Clarity AI and Sustainalytics, for which GoldenSource will provide serviced Connections, ensuring automated data integration and zero maintenance effort for Banca March as the data sets evolve over time.

Sonia Colino, People, Brand and Sustainability Director at Banca March said: “At Banca March we believe that 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 the best sustainable and responsible investment services.”

As part of the data strategy at Banca March, the approach to mastering and managing ESG data will be aligned with that of other enterprise data already managed in GoldenSource Security Master and Price Master.