Certification

The Climate Bonds Standard and Certification Scheme is a labelling scheme for bonds, loans & other debt instruments. Rigorous scientific criteria ensure that it is consistent with the goals of the Paris Climate Agreement to limit warming to under 2 degrees. The Scheme is used globally by bond issuers, governments, investors and the financial markets to prioritise investments which genuinely contribute to addressing climate change.

 

Santander Consumer Bank

 

Santander Consumer Bank AS is part of Banco Santander, which is headquartered in Spain. This particular subsidiary is mainly based in Norway, with operations across the Nordic region. It is a leader in providing consumer car finance. As Norway has been a leader in passenger electric vehicle adoption, Santander has a large portfolio of consumer car loans linked to passenger electric vehicles. This includes exposure to over 25,000 passenger electric vehicles.

 

DATE OF ISSUE  TYPE OF INSTRUMENT SIZE  TENOR  Jurisdiction of Issuance CLIMATE BONDS SECTOR CRITERIA VERIFIER'S REPORT ANNUAL REPORT FURTHER INFORMATION
February 2020 Use of proceeds bond

SEK 1 billion

(USD 104 million)

3 years Norway Low Carbon Transport pre issuance verification   Santander Consumer Bank AS green bond website

Green Bond Framework

Pre Issuance Impact Report

Impact Report Detailed