Aspiration CEO Says Shift to ESG Investing 'Permanent'

The video discusses the importance of providing a living wage and how companies that do so tend to perform better financially. It highlights the banking industry's challenges in sustainability, particularly in fossil fuel investments. Aspiration's growth, driven by its focus on sustainability, is explored, along with its plans for an IPO. The video also emphasizes the increasing consumer demand for sustainable practices, as evidenced by Aspiration's initiatives like tree planting.

Why is it in a company's self-interest to pay a living wage?

• It reduces their tax liabilities.

• It improves employee satisfaction and financial performance.

• It allows them to charge higher prices.

• It decreases the need for employee training.

What is a major criticism of the banking industry's current practices?

• They offer too many free services.

• They have too many branches.

• They invest heavily in fossil fuels.

• They focus too much on small businesses.

What is Aspiration's unique approach to banking?

• Focusing solely on cryptocurrency.

• Eliminating all customer fees.

• Providing sustainability as a service.

• Offering the lowest interest rates.

What evidence suggests a permanent shift towards sustainability?

• A decrease in global temperatures.

• A reduction in the number of banks.

• An increase in consumer demand for sustainable actions.

• A decline in the use of digital banking.

How has Aspiration responded to the climate crisis?

• By planting millions of trees.

• By increasing its interest rates.

• By reducing its workforce.

• By closing its branches.

What is a key factor driving Aspiration's growth?

• Its focus on traditional banking methods.

• Its commitment to fossil fuel investments.

• Its high fees for premium services.

• Its integration of sustainable actions into daily life.

What percentage of Americans now see climate change as a major threat?

• 80%

• 40%

• 62%

• 25%