2022
NON-FINANCIAL
STATEMENT
With almost 100 years of history, our differentiation lies in our Joint Growth philosophy, which requires us to pursue a responsible profitability strategy with an impact for all stakeholders, customers, employees, shareholders and society in general.
1. Chairman’s statement
“In a nutshell, our goal is to be the benchmark in private banking and corporate advisory services in the Spanish market, and to continue to act as active agents of change in building a better world”.
“Banca March will continue to promote, with great enthusiasm and ambition, the development of a more sustainable social and environmental environment and greater opportunities for society.”
Juan March de la Lastra
Chairman
2. Introduction
Banca March Group, as a sign of its unwavering commitment to sustainability, publishes a Non-Financial Statement.
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3. Main milestones reached in 2022 and challenges identified for 2023
The Group's 2022 milestones and 2023 goals are grouped into the following six fields: Sustainability initiatives, Support for the business fabric and the community, Sustainable Investing, Recognition, Society, Digitalisation and Appointments.
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4. Business model
Banca March Group is a leading Spanish financial group founded in 1926 and headquartered in Palma de Mallorca.
The Group specialises in private banking and wealth management, as well as corporate advisory services.
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5. Environmental issues
Environmental protection, sustainability and the goal of eco-efficiency are material issues for Banca March. The Group works to ensure the sustainability of systems, while at the same time seeking to raise awareness of environmental issues among its employees through training.
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6. Sustainable finance
Sustainability is an integrated commitment that goes to the heart of Banca March’s Shared Growth philosophy. This philosophy calls for a form of management that contributes to an inclusive and sustainable economic model that is also profitable for stakeholders.
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7. Disclosure of information under the EU taxonomy
In June 2020, the European Parliament and the Council of the European Union passed the Taxonomy Regulation, establishing, for the first time, a common classification system for environmentally sustainable economic activities.
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8. Social and employee-related matters
Social and employee-related matters in the Banca March Group are structured as follows: Employment, Work organisation, Health and safety, Employee relations, Training and Equality.
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9. Human rights
Human rights are a concern for all stakeholders of Banca March and its subsidiaries. In line with its corporate culture, the Bank undertakes to respect human rights within the sphere of its activity, but also to promote such rights and to prevent, or otherwise minimise, any breach or abuse that may be directly caused by its activities.
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10. Fight against corruption and bribery
One of the cornerstones of the Group's corporate governance model is to combat all forms of corruption and bribery, by implementing its own policies and measures of maximum rigour and transparency.
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11. Society
Banca March Group defends a vision of sustainability that goes beyond environmental protection. In the social sphere, it is committed to building alliances, volunteering and offering an excellent quality of service to customers.
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12. Annexes
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12.1. Glossary |
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12.2. Table of contents |
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Verification report |
Your opinion matters
This report has been designed to help foster a dialogue. Please share your views on the report itself and on other aspects of sustainability by emailing sostenibilidad@bancamarch.es