Why Biodiversity? Why Now?
Against the background of the Covid-19 pandemic, forest fires, and increasing evidence of continued dramatic species loss, the importance of biodiversity has never been so clear. Biodiversity is vital for human health and livelihoods. Living organisms – plants, animals, and micro-organisms – interact to form complex, interconnected webs of habitats and ecosystems, which in turn supply a wide variety of contributions to people and all life on earth.
Introducing the New Biodiversity Benchmark (Beta version)
The Textile Exchange Corporate Fiber and Materials Benchmark (CFMB) Program is launching a new tool today to help the textile industry take urgent action on biodiversity. The Biodiversity Benchmark will enable companies to understand their impacts and dependencies on nature in their materials sourcing strategies, chart a pathway to delivering positive biodiversity outcomes, and benchmark their progress. Outcomes and learnings can then be channeled back into the community to support further improvements.
How to Get Involved The Biodiversity Benchmark will go through an initial beta phase to track the level of engagement and effort that companies are starting to put into biodiversity. The beta phase will act as a baseline – it will help us formulate where we should be heading and appreciate what “best practice” looks like today. We welcome all companies to join us on this important learning journey: from suppliers to retailers, large and small, experienced or just beginning. Together, let’s navigate the landscape ahead. All participants receive a confidential feedback report and opportunities to exchange ideas, innovations, and emerging best practices. To find out more, join our community of practice and register for the beta phase of the Biodiversity Benchmark, please contact CFMB@TextileExchange.org.
Prioritizing nature in fiber and materials management and sourcing decisions will bring long-term business benefits, more resilient livelihoods, health and wellbeing for communities, and safer interfaces between wild and managed lands and species. For this to happen, it will require a heightened focus on designing and implementing biodiversity-sensitive raw materials strategies that drive positive action, outcomes, and impacts that can ultimately be tracked and measured.
Special Thanks The Biodiversity Benchmark has been developed in partnership with The Biodiversity Consultancy, Conservation International, and reviewed by a broad multi-stakeholder advisory group.