GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Government, Legal and Humanity

 
  Share
Ahead of Earth Overshoot Day 2019 (July 29) one-planet compatibility emerges as a powerful compass to gauge corporate strategies against ecological resource constraints
 
Dubai, United Arab Emirates -  09 July  2019:    Ahead of Earth Overshoot Day this July 29, Schneider Electric, the leader in digital transformation of energy management and automation, announces its commitment to promote one-planet compatibility as the necessary framework for long-term business success. Schneider Electric's breakthrough White Paper, published on July 29*, lays out the detailed approach and supporting metric for one-planet compatibility and humanity's prosperity. It was developed in partnership with Global Footprint Network, the international sustainability organisation that pioneered the Ecological Footprint.
 
Earth Overshoot Day marks the day when human demand for food, fiber, timber, and carbon absorption (global Ecological Footprint) exceeds the amount of biological resources which Earth's ecosystems can renew in the whole year (global biocapacity). This year, Earth Overshoot Day lands on the earliest date ever, July 29, according to Global Footprint Network. This date highlights that humanity is using biological resources 1.75 times faster than nature can renew them, worsening the ecological deficit for four months of the year through depleting Earth's natural capital. It is said that humanity “uses” 1.75 planet. Carbon emissions make up 60% of the total Ecological Footprint.
 
Since the world fell in ecological overshoot in the early 1970s, Earth Overshoot Day keeps creeping up the calendar. Thirty years ago, it landed in October, then late September twenty years ago. After a recent slowdown, the pace has picked up again in the past two years because of an uptake in carbon emissions. 
 
The trend is reversible
 
One-planet compatibility requires moving the date of Earth Overshoot back to December 31 or beyond. Decarbonizing the economy is a powerful lever to #MoveTheDate. Cutting the global greenhouse gas emissions in half would move the date by three months, according to Global Footprint Network. For the last two years, Schneider Electric has been working with Global Footprint Network to assess solutions. Research by these two organizations indicates that if 100% of existing building and industry infrastructure were equipped with readily available energy efficiency and renewable energy technology from Schneider Electric and its partners, assuming no shift in human habits, the world could move the date back by at least 21 days. This means that energy retrofits alone could make a difference of three weeks. For added perspective, if we move Earth Overshoot Day back by five days into the future every year, we will be back to one-planet compatibility before 2050, in line with the Paris Climate Agreement.
 
“A leading company like Schneider Electric, whose corporate strategy centers on driving energy and resource efficiency, necessarily enjoys a thriving business model because it is built on moving humanity out of ecological overshoot,” said Global Footprint Network founder Mathis Wackernagel. 
“One-planet compatibility has to become a new measurement of how a given business strategy helps society, or not, move the date of Earth Overshoot Day,” said Xavier Houot, Senior Vice President Global Safety, Environment, Real Estate. “Such a metric forces the adoption of an outside-in lens and introspect: ‘Does our business operate within one-planet constraints and boundaries?' and ‘Do our offers tangibly help our customers move out of ecological overshoot?'. If the answers are positive, long-term prosperity is much more likely. Being part of the solution carries increasingly more weight in the eyes of investors, markets... and millennials alike!”
 
Implications for business 
 
In 2019, Schneider Electric and Global Footprint Network teamed up to invite business leaders to assess how one-planet compatibility strategies can deliver differentiation and value in the market. One-planet companies are those companies whose goods and services contribute to humanity's demands on nature being in balance with what Earth's ecosystems can provide. More specifically, those companies whose business models increase human well-being while also increasing resource security (see Figure 2) are much more likely to be economically successful in the long-run than those companies that are incompatible with one-planet prosperity and will inevitably face shrinking demand and increasing risks. 
 
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 published today for C-level audiences. Titled “The business case for one-planet prosperity”,  it features strategies to deliver long-term value from several companies in diverse sectors such as energy, food, healthcare, and waste remediation.
 
 



Posted by : GoDubai Editorial Team
Viewed 3446 times
Posted on : Tuesday, July 9, 2019  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Dubai International Financial Centre Continues to Prioritise Ease of Doing Business with Introductio...
Next Story : ‘Legislative Needs Forum' discusses key elements of ‘Legislative Plan 2020' in line with Dubai's fut...
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Tonda 1950 Stone-set range'
Parmigiani Fleurier Kalpagraphe Chronometre Titanium
Transform Your Bedroom and Sleep Like a King With Robinsons' Latest Bedlinen Col...
Colourful Anniversary Limited anniversary edition now available in new colors
Toric Hémisphères Rétrograde Slate The traveller's watch featuring a new guilloc...
Aston Martin Valkyrie Wows Crowds on Public Debut at Silverstone
Special edition 2019 Ford Expedition ‘Turath' arrives in Al Tayer Motors and Pre...
Happy Eid with Corum Golden Bridge Round 39
Dubai-based Blue Ocean Group expands into UK distribution market ahead of Brexit
Sports Collection - Autumn Winter 2019
Mouawad unveils the Mouawad Dragon Yellow and White Diamond Suite, featuring the...
Salvatore Ferragamo Timepieces – Summer 2019 Collection
Tissot Heritage 1973 The racing legacy
The inauguration of codeshare flights between Kuwait and Istanbul-Sabiha Gö...
Picnic Indoors This Summer with Marks & Spencer
Ralph Lauren at The Championships, Wimbledon – Wednesday 10th July
Schneider Electric's Biggest Engineer-to-Order Factory in Asia Utilizes IIoT Tec...
The Perfect Shave Kit for your Summer Travels
Kitchen Hacks: 8 Clever Ways to Smart Storing
Celebrated singer and composer Quratulain Balouch set to perform at Rajmahal The...
Ralph Lauren at The Championships, Wimbledon – Sunday 14th July
Summer Skin Rituals with SUKIN
Union Coop Reports 20% Growth in Net Profit for the First half of 2019
Peugeot announces sizzling summer offers
Dubai's leading school operator to launch Affordable IB School in Dubai- Ambassa...
Ride Into the New School Year with the Coolest Gear
IHG signs world's largest voco with Maad International in Saudi Arabia
Lincoln Nautilus: Luxury Redefined Inside and Out
FW 2019 Amazone'
Robotics and Automation to the Fore at Materials Handling Middle East
Summer-ready BABY-G G-Lide BAX-100 makes splash this hot season
UAE Team Emirates Opens Its Account at the Tour De France With a Second Place Fi...
Empower launches “Intelligent Delta- T Analyzer and Detector”
Dubai Duty Free and Arabian Automobiles raffle a Nissan GT-R this holiday season
Ras Al Khaimah and Singapore to Discuss the Bilateral Cooperation'
Philipsen and Kristoff Claim Top 10 Spots for Uae Team Emirates in Stage 7 Sprin...
Purificacion Garcia Introduces the Women's FW19 Collection
Injazat Partners with Nuance to deliver Cloud-based Speech Recognition Technolog...
Automation Anywhere Expands into the Middle East with the Opening of Regional He...
Union Coop Releases ‘First' Update of Its Electronic Share Trading Platform
Al Qutami chairs DHA CEO council meeting
All-out Sprint in Albi as Philipsen Takes Sixth and Martin Breaks Into the Gener...
Canadian University Dubai joins Silk-Road Universities Network
Etihad Airways Recommences Flights to Khartoum
The Car That Responds to Your Mood: New Jaguar Land Rover Tech Helps Reduce Stress
Ahmed Mahboob Musabih welcomes DGEP Coordinator General
Dubai International Financial Centre Continues to Prioritise Ease of Doing Busin...
Schneider Electric Launches First Smart Factory in Mexico Implementing Innovativ...
MoHAP Youth Council Discusses Mutual Cooperation with Civil Defence Youth Council
First results from Arc Skills' programme show how gamification can transform edu...