Green Auto Securitization
The collaborative project “Green Auto Securitization” (GAS) aims to provide insights for the design of future green auto policies and their impact on the risk management of European financial institutions. The project is based on an empirical analysis of securitized auto loans and leases (Auto ABS) regarding sustainability-related data, fundamental values of vehicles and credit risks. The project consists of two subprojects.
Subproject 1: Analysis and definition of transparent sustainability factors and standardized methods for the definition of green financial products in the automotive industry.
The first subproject analyzes and defines transparent sustainability factors and standardized methods for the definition of green financial products in the automotive sector. In particular, the role of financial markets and environmental regulation will be investigated and a framework for two new green financial products will be developed.
Subproject 2: Building a model database of four blocks
The second sub-project is building a model database with vehicle and manufacturer level information. This consists of four blocks: (i) the sustainability characteristics of vehicle manufacturers, (ii) the characteristics of car models, (iii) the information on car loans, and (iv) the characteristics of securitization product.