How Aspiration is reducing their carbon footprint at a global scale

The carbon footprint is the impact that we human beings cause on the environment. It is determined based on the greenhouse gas (GHG) emissions generated by the said activity. Its unit of measurement is mass of CO2 equivalent. This concept calculates greenhouse gas emissions directly or indirectly. Thanks to it we can quantify its impact and know the possibilities of reducing costs and emissions. 

Nowadays, almost all the activities that we carry out (mobility, food, manufacturing processes e.t.c.) involve energy consumption which contributes to emissions into the atmosphere and, in this way, participate in the global warming of the planet. 

But of all these activities have always been noted for contributing to the increase in greenhouse gases and, for this reason, there are many companies that are at the forefront of environmental sustainability. These companies try to reduce energy consumption and the materials they use. Over the years, the importance of managing energy efficiency and reducing the carbon footprint, in addition to understanding the economic and reputational consequences has gained a lot of awareness. Companies now look for ways to reduce their carbon footprint.

Banks suffice as one of the institutions registering their carbon footprint more frequently. How?

Let us take the building for example. We have central or corporate offices and branches. These buildings, some large have a tremendous amount of energy-consuming devices installed in them and then we have the vehicles.

The catch here is that most times, appropriate measures are not often taken into account whilst using this energy.

According to data analyzed by DEXMA based on thousands of energy consumption readings in the banking sector, branches are responsible for 90% of banks’ energy consumption. Energy is ⅓ of the costs per location.

It is a pleasure pointing out a financial institution that is very keen on reducing its carbon usage. Whether or not the financial institution is taking it too far, is a debate for another day.

How are they doing this?

Aspiration gives you the ability to plant a tree every time you make a purchase with your debit or credit cards. Their stands also create affect the investment options they have.

That said, they are on the right course. Minimizing our carbon footprint will in the long affects us all positively. You can find out more about them here.

It is recommended that other companies follow suit. There are numerous ways we can reduce our carbon footprint on an industrial level.

Amongst other ways of reducing the amount of energy we use includes

• Maximizing work during the day. 
• Employing the use of equipment optimized to save energy.
• Turning off services when not in use

Saving the planet is a continuous process that we all have a hand in. The sooner we realize this, the better.