Green Auto Securitisation Advocates Specific Measures for the Reduction of Vehicle Emissions
The Green Auto Securitisation (GAS) initiative welcomes President Ursula von der Leyen’s recent statement on the Strategic Dialogue on the Future of the Automotive Industry. The statement takes a balanced approach to clean mobility while maintaining regulatory stability and competitiveness.
A key proposal from the European Commission is to keep existing CO2 targets but allow more flexibility in compliance. Instead of annual checks, a new three-year “banking and borrowing” system will give the industry more time to meet targets while ensuring fairness for early adopters of clean mobility solutions.
GAS Recommendations for Reducing CO2 Emissions
The GAS project, a collaboration between European DataWarehouse and the Leibniz Institute for Financial Research SAFE and funded by the German Ministry for Education and Research, explores how sustainable finance connects with European auto loan and lease securitisation. GAS supports the Commission’s measures and suggests additional steps to accelerate the reduction in CO2 emissions from vehicles across Europe:
- Standardised Sustainability Metrics
Uniform definitions and sustainability metrics could be mandated to foster transparency and strengthen investor confidence, such as grams of CO2 per kilometre (gCO2/km) - Linking Sustainability and Credit Data
Publicly available vehicle sustainability data, such as that from the European Environment Agency, should be integrated with credit data for better environmental assessment of financed vehicle fleets - GDPR-Compliant Vehicle Identifiers
Collecting GDPR-compliant vehicle identifiers could simplify assessing the environmental characteristics of auto loan and leasing pools while maintaining data privacy.
Supporting a Competitive and Sustainable Transition
GAS supports the European Commission’s efforts to ensure a smooth and competitive transition to cleaner mobility. Implementing these measures would strengthen Europe’s leadership in green finance and help financial markets meet evolving sustainability requirements.
To learn more about the work being conducted under the GAS initiative, please explore blogs such as A Year in Review: European Datawarehouse Continues its Efforts on the Green Auto Securitisation Project and Estimating CO2 Emissions in European Securitisations, or register for our upcoming Q1 Research Update Webinar on 25 March at 14:00 CET.