What is the Materials Benchmarking?
Textile Exchange’s Materials Benchmarking is THE place to measure, track and compare a company’s sustainability progress related to fibers and materials.
The materials benchmarking provides a robust structure to help companies systematically measure, manage and integrate a preferred fiber and materials strategy into mainstream business operations, to compare progress, and to transparently communicate performance and progress to stakeholders. The materials benchmarking offers a quantified index ranking including a company’s position in relation to peers and the overall industry (universe of participants). It provides an indicator of progress, helps companies identify strengths and gaps, and encourages year-on-year improvement and a “race to the top.” Company participants see a lot of detail about their performance, and industry averages are reported for public consumption. Participants receive a comprehensive scorecard comparing their own progress year-on-year and how they rank alongside their peers. Customized scorecards are confidential to the participant, and an annual insights report, including benchmark leaderboards, is shared in the public domain. Starting in 2019, the materials benchmarking integrates an enhanced alignment with the Sustainable Development Goals (SDGs).