All Banca March Group business lines have now adhered to the United Nations Global Compact
10 November 2021 Category: Agreements
These latest Global Compact signatories within the Group have completed a process which began with Banca March in 2002 and has renewed its own commitment on several occasions.
- Following the adhesion of March Vida and Inversis, the entire Group has now signed up to the UN Global Compact; Banca March joined in 2002 and has renewed its commitment several times, and March A.M., March R.S. and March P.E. are also signatories.
- The initiative underpins March A.M.'s unwavering goal of positioning sustainability as the cornerstone of its activity, offering its customers products and services which are more responsible in the long term.
The entire Banca March Group has now signed up to the United National Global Compact, after both Inversis – Spain's leading provider of comprehensive technology solutions and investment outsourcing services for institutional clients – and March Vida – the financial institution’s insurance business – both joined the Compact as signatories.
This is a clear reflection of the Group's intention to take an active role in driving sustainability in Spain, integrating sustainability factors into all of its products and services.
These latest Global Compact signatories within the Group have completed a process which began with Banca March, which signed up to the UN initiative back in 2002 and has renewed its own commitment on several occasions since then. Next to sign up were the group's investment management boutique, March Asset Management, which also adhered to the UNPRI in April 2021, March Risk Solutions, the largest Spanish-owned insurance broker, and March Private Equity, the group's private equity business. All of these business lines have joined the Global Compact over the last year.
This is a clear endorsement of the Banca March Group's commitment to the Sustainable Development Goals (SDG) outlined in the 2030 Agenda and underpins its efforts to create products and services that promote sustainable investment and financing to generate more sustainable returns for its customers and to integrate environmental, social and governance (ESG) risk factors into its products and services.
To achieve these goals, the Banca March Group has expanded its investment and sustainability policies and is working on incorporating the following principles:
- Integrate environmental, social and corporate governance (ESG) risk factors into the investment decision-making process, in addition to the traditional quantitative and qualitative financial criteria which have historically informed its investment decisions.
- Step up March A.M.'s engagement with investee companies through greater participation in corporate governance decisions by exercising voting rights.
- Open dialogue and engagement with investee companies on matters related to environmental, social and corporate governance (ESG) risk factors.
“We are very proud to announce that the entire Banca March Group is signed up to the UN Global Compact, the world's largest corporate sustainability initiative. The completion of this adherence process is a reflection of our utter commitment to sustainability as the cornerstone of our activity, both in internal operations at all group companies and in the investment and financing proposals we offer our customers. We seek to generate an increasingly positive impact on the environment and society with a long-term approach which is coherent with Banca March's century-old philosophy: shared growth with customers, employees, shareholders and society,” explained Sonia Colino, Director of Development, Communication and Brand at Banca March.
The United Nations Global Compact is the world's largest corporate sustainability initiative. Signatories commit to integrating the Ten Principles of the UN Global Compact – related to human rights, labour, the environment and anti-corruption – into their strategies and operations with a view to contributing to social progress and implementing the SDGs.
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