ESG Factors in Auto ABSAuto
This is the first in a series of commentaries that will discuss the environmental, social, and governance factors that could affect DBRS Morningstar asset-backed security (ABS) credit ratings relating to notes backed by auto loans and leases. In this commentary, DBRS Morningstar provides background and trends in the auto ABS market and discusses three environmental factors that it considers in its ratings analysis:
-- Emissions, Effluents, and Waste
-- Carbon and Greenhouse Gas Costs
-- Climate and Weather Risks
DBRS Morningstar will address social and governance factors in subsequent research articles.