And how's your ecological footprint? 22-08-2020

We're exhausting our planet's resources

Earth Overshoot Day is the day on which the demands humans make on ecological resources exceed the Earth's capacity to produce those resources over a period of one year. During the rest of the year, we exhaust the reserves intended for future generations.

The later this day falls in the year, the better. In an ideal world, therefore, that would be 31 December at the earliest.

With Earth Overshoot Day falling on 22 August in 2020, it is clear that our ecological footprint is still far too large.

How the pandemic is slowing down the world

Last year, Earth Overshoot day was on 29 July, almost a month earlier than this year.

Coronavirus, which caused lockdowns worldwide, has had a positive impact on the environment. Factories remained closed, more people worked from home and travel nose-dived. Emissions of greenhouse gases fell sharply.

However, that effect is only temporary. What we really need are long-lasting solutions.

“COVID-19 caused humanity's Ecological Footprint to contract, demonstrating that shifting resource consumption patterns in a short timeframe is possible. However, true sustainability that allows all to thrive on Earth can only be achieved by design, not disaster." Source: Global Footprint Network
Reducing your personal footprint

Greenhouse gas emissions have a significant impact on Earth Overshoot Day. By putting in a little effort, you can make a significant difference yourself.

Cycle more often, as it's good for the environment and your health.

Change your way of thinking from consuming more to consuming less.

Buy locally, eat a varied diet and prefer seasonal products.

Avoid wasting food and draw up a weekly menu.

And what is KBC doing?

Fossil fuels are a major cause of CO2 emissions.

KBC is also doing its bit to achieve a sustainable society by supporting the transition to a low carbon society. Starting this year, we no longer fund the coal business and are phasing out all existing loans in this sector.

In our SRI funds, we only invest in those countries and companies that are making efforts to achieve a sustainable society. Besides social aspects and good governance, environmental performance also plays an important role.

If you want to make a difference too, be sure to choose socially responsible investments.

Editing ended on 7 August 2020. This document is a publication of KBC Asset Management NV (KBC AM). The information in it can be changed without notice and offers no guarantee for the future. Nothing in this document may be reproduced without the prior, express, written consent of KBC AM. This information is governed by the laws of Belgium and is subject to the exclusive jurisdiction of its courts.