Santander Consumer Bank electric vehicles portfolio

This report by Multiconsult for Santander Consumer Bank AS assesses the climate gas emission impact of the bank's electric vehicle (EV) portfolio in Norway as of July 2019. The analysis calculates avoided direct (Scope 1) and indirect (Scope 2) emissions by comparing 25,787 eligible electric cars against a baseline of average internal combustion engine vehicles.

• As of July 2019, Santander Consumer Bank's eligible portfolio included 25,787 electric cars, all of which are registered in Norway.
• The portfolio's estimated total impact on greenhouse gas emissions is a reduction of 15,000 tons of CO2 per year, comprising 28,600 tons of avoided direct emissions (Scope 1) offset by 13,600 tons of indirect emissions (Scope 2) from EVs.
• The reduction in direct emissions achieved by the portfolio is equivalent to saving 12 million litres of gasoline annually.
• The analysis establishes a baseline for direct emissions based on an average car traveling 10,975 km per year in 2027 with a weighted average emission of 101 g CO2/km.
• For Scope 2 calculations, the report uses a European production mix (EU28 + Norway) with a GHG emission intensity baseline of 275 gCO2/kWh for a 2018 model car, rather than the Norwegian consumption mix of 11 gCO2/kWh.
• Norway's EV policy includes tax exemptions on VAT and high registration taxes, and the Norwegian Parliament has set a target for 100% EV sales starting in 2025.

APA

Climate Bonds Initiative (2019). Santander Consumer Bank electric vehicles portfolio. https://www.climatebonds.net/files/drupal-files/files/multiconsult-report-on-scb-as-evs-portfolio.pdf

Chicago

Climate Bonds Initiative. Santander Consumer Bank electric vehicles portfolio. 2019. https://www.climatebonds.net/files/drupal-files/files/multiconsult-report-on-scb-as-evs-portfolio.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Santander Consumer Bank electric vehicles portfolio |date=8 October 2019 |url=https://www.climatebonds.net/files/drupal-files/files/multiconsult-report-on-scb-as-evs-portfolio.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2019santander, author = {{Climate Bonds Initiative}}, title = {{Santander Consumer Bank electric vehicles portfolio}}, institution = {Climate Bonds Initiative}, year = {2019}, month = oct, url = {https://www.climatebonds.net/files/drupal-files/files/multiconsult-report-on-scb-as-evs-portfolio.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }