Preparing for one-planet prosperity is necessary for companies to attain and maintain their long-term competitive advantage

On August 22, Earth Overshoot Day comes more than three weeks later than last year, as the COVID-19 pandemic forced humanity’s activities to slow down abruptly.  As public health challenges and the economic recovery have been surging as top concerns around the world, Schneider Electric, the leader in digital transformation of energy management and automation, and Global Footprint Network have combined efforts to spur and fuel a strategic conversation on generating long-term business success. Their joint e-book “Strategies for One-Planet Prosperity” presents the framework for companies to remain relevant in a world increasingly shaped by climate change and resource constraints: improving humanity’s well-being within the means of our planet (“one-planet prosperity”). As the e-book explains, this dual strategy is becoming necessary for companies to build their long-term competitive advantage. The choice is between planning ahead to support human needs for well-being and resource security, thus enhancing their chance to become economically successful and resilient, or keeping with business-as-usual and becoming irrelevant. “With the necessary economic recovery on everybody’s mind, the time has come for entrepreneurs and industry leaders to recognize that delivering products and services that enhance humanity’s ability to succeed is not about doing good, but doing what’s necessary for their business,” says Mathis Wackernagel, the founder and president of Global Footprint Network.