The two companies are committed to using high-quality carbon offsets as a driver for positive change
LOS ANGELES/HOUSTON--Aspiration, a global leader in the business of sustainability, and Imperative Global (“Imperative”), an ultra-high quality international carbon project developer, announced today a multi-year partnership developing large-scale, high-quality carbon credit projects in Africa, Asia and Latin America.
As part of the partnership, Aspiration will provide project financing to Imperative for the design, development and operation of projects including agroforestry, native species reforestation, technology-enabled cookstoves, and water filter projects in emerging markets. The credits from these projects will form part of Aspiration’s high-quality portfolio of originated, financed and sourced projects for its market-leading sustainability platform supporting consumers and enterprises alike.
The two organizations share a sense of urgency in addressing the climate crisis and in directing climate action to where it can have the greatest positive atmospheric, social and biodiversity impact. This partnership has enabled Imperative to commence carbon project development work in multiple sites across Africa, Latam and Asia.
“Aspiration is committed to financing and leading carbon avoidance and removal projects that support immediate climate action, while delivering meaningful impact to local communities through access to jobs, revenue-sharing and engagement,” said Olivia Albrecht, Chief Sustainability Officer, who oversees the carbon credit platform at Aspiration. “By partnering with high-integrity organizations such as Imperative, we can drive capital to projects that deliver real climate benefits, as well as transformative benefits to local communities in some of the most disadvantaged countries in the world.”
Imperative, headed by a group of veterans with expertise in carbon, commodities, major project development and emerging-markets, is dedicated to developing and operating the world’s best quality carbon offset projects at scale, with a technology-optimized approach to project delivery.
“Imperative is committed to doing the boots-on-the ground work required to design, develop and operate carbon projects of sector-defining quality,” said Scobie Mackay, CEO of Imperative. “We are delighted to work with Aspiration to produce high-quality carbon offsets to bolster their market-leading suite of sustainability services. The projects that we are collaborating on will have a genuine and significant positive impact not only on the environment but also on severely underprivileged communities around the world.”
Aspiration has entered into a merger agreement with InterPrivate III Financial Partners Inc. (NYSE: IPVF), a publicly-traded special purpose acquisition company, which, upon closing, will result in Aspiration becoming a listed company as a Public Benefit Corporation, building on Aspiration’s existing commitments to generate social and public good and operate in a responsible and sustainable manner.
About Aspiration Partners, Inc.
Aspiration is a leading platform to help people and businesses put automated sustainable impact into their hands and integrate it into their daily lives. Aspiration has earned the trust of its more than 7 million members by helping them spend, save, shop, and invest to both "Do Well" and "Do Good." Aspiration Partners, Inc. is a certified B Corp. For more information, visit Aspiration.com or Aspiration.com/business.
About Imperative Global Group, Inc.
Imperative is a mission driven, boots-on-the-ground business focused on bringing excellence to carbon offset project development and operation and on producing ultra-high quality carbon offsets. Imperative brings together multi-decade experience in carbon and conservation projects, carbon markets, major project execution and emerging market, cross-border structuring and finance. In order to drive the largest and best possible climate, sustainable development and biodiversity outcomes, Imperative is focused on emerging markets and on project types with the greatest opportunities for scale.
Aspiration Investor Relations