2022 Aspiration Review

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Taking a look at the website alone, without reading a single word, one would guess one is interacting with a company focusing on alleviating the greenhouse effect on the planet. Well, in a way they are but we would like to call them a bank because you know, they are actually a bank.

Aspiration is a financial institution focused on finding ways to reduce that carbon footprint that banks leave behind in their day-to-day activity.

Back in 2019, some banks met in Paris to enter into an agreement that will lead to a great reduction in the carbon footprint they left behind. More than twenty banking entities representing nearly 95% of the sector pledged to reduce the carbon footprint of their credit portfolios and thus contribute to meeting the objectives of the Paris Agreement.

It was a commitment that seeks that, within a year, the entities have developed clear and transparent methodologies to measure the climate impact of their activity and that of their client portfolio and that in a maximum of three, they have implemented sets concrete goals to undertake the ecological transition, starting with the most carbon-intensive sectors.

Apart from this, the influx of online banking systems has also led to a tremendous reduction in carbon pollution.

But Aspiration, they are bringing in something different to the limelight. For starters, they make sure that your funds are not used to fund the coal or oil sector. This would probably be evident in the industries they award loans to. Apart from this, they are just like your everyday financial institution, with some cool sign-up bonuses and reduced transaction fees.

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How did global warming come about and how could it be stopped? Well, we are here and technological advances offer hope of slowing the hasty environmental deterioration.

Apart from Aspiration, the interest in using new technologies for mass production or mass production has helped the situation quite a bit.

We now have electric vehicles, LED lighting, Bioenergy with CO2 capture technology, and Solar panels.

We all have a role to play when it comes to climate crises. It is not only the responsibility of governments and the scientific sector to look for options to help our planet. Many of these initiatives do not imply an expense, only commitment. Do you like to ride a bike only on Sundays? Perhaps, you could also implement this transport in your daily life and not just as a ride, so you would use your vehicle less. Experts comment that, for every liter of fuel that the engine burns, an average of 2.5 kilos of CO2 is released. So if you get a chance, plant a tree. With small actions, big changes happen.

 To learn more about Aspiration, visit their website

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