Textile Exchange’s Benchmark program covers nature impacts for the first time
12 January 2021: Against the backdrop of the Covid-19 pandemic, forest fires, and increasing evidence of continued dramatic species loss, the importance of biodiversity has never been so clear. At the beginning of 2020, the World Economic Forum’s Global Risk Report named biodiversity loss as one of the top five risks facing society.
So, Textile Exchange’s Corporate Fiber and Materials Benchmark (CFMB) program called “The Biodiversity Benchmark” has been created in partnership with Conservation International and The Biodiversity Consultancy, with support from corporate partner Sappi. It provides a roadmap for companies to understand their impacts on nature and to deliver positive outcomes.
The Biodiversity Benchmark was developed with the support of a multi-stakeholder advisory group, involving over 30 biodiversity experts, NGOs and representatives from across the fashion and textile industry. It has around 200 participating brands and retailers, including Gucci, H&M Group, Norrøna, Patagonia, Tchibo and The North Face. In 2020, the CFMB is open to suppliers and manufacturers for the first time, and over 20 leading textile companies – including Birla Cellulose, Part of the Aditya Birla Group, Lenzing, The Schneider Group, Sulochana and World Textile Sourcing (WTS) – are stepping up to take part.
The CFMB has tracked corporate fiber and materials sourcing practices since its launch five years ago, mobilizing the fashion and textile industry to accelerate the uptake of preferred materials such as organic cotton, recycled polyester, and preferred manmade cellulosics.