We’ve Already Used A Year’s Worth Of Natural Resources

Today marks Earth Overshoot Day, the day when human demand for food, fiber, timber, and carbon absorption exceeds the amount of biological resources the Earth can renew in one year. This year, Earth Overshoot Day is earlier than ever. This translates to humanity using roughly 1.75x the planet’s resources every year.

For the last 40 years, the planet has become increasingly inefficient, using more resources, creating more emissions, and increasing our carbon footprint. This trend can, however, be reversed – and doing so will be beneficial to businesses in the long run, as discussed in Schneider Electric’s new white paper “The business case for one-planet prosperity.”

One-planet prosperity is a simple compass to assess companies’ strategies against two essential questions: “Do I operate within one-planet constraints?” and “Do my offers help customers move out of ecological overshoot?”, as indicated in the white paper for C-level audiences. Companies whose business models increase human well-being while also increasing resource security are much more likely to be economically successful in the long run.

The white paper discusses the importance for global businesses to strive for one-planet compatibility, that is, pushing back Earth Overshoot Day to December 31st or later, and using one planet’s worth of resources per year, or less.

You can view the white paper in its entirety here, which was developed in partnership with Global Footprint Network, the international sustainability organization that pioneered the Ecological Footprint.

 

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