Corporate Benchmark Updates
Benchmarking season is fast approaching, and the 2022 survey will be launched in early June.
We are excited to welcome companies back for another round of performance tracking. We encourage all interested future “benchmarkers” (fashion, apparel and textile brands/retailers, suppliers, and manufacturers) to find out more here and register now.
We are delighted to say that the Material Change Index now receives over 300 entries each year, making it the authoritative program for raw materials management and performance reporting in our industry.
This year brings small modifications to the framework only. The big news is the transition of the Biodiversity Modules from “beta” to fully-fledge module.
If you haven’t already, please join the Companies Creating Material Change community hub and mark up your calendars with upcoming activities such as our popular workshops and drop-in clinics.
What happened in April
We conducted a webinar on How to Navigate your Company’s Material Change Index Scorecard. In case you missed the webinar, please find the recording here.
We also released the 2021 Material Change Results: the Leaderboard, Impacts Dashboard and Sector Scorecard. For a quick navigation and context setting click into the MCI Insights webpage and go from there.
What’s happening in May
The Team will be heads down this month crafting our 2021 Insights Report and making sure the 2022 survey and guidance is up and running for participants to hit the ground running in June.
If you were one of the 2021 MCI participants, we hope you got the chance to check out and share your scorecard. Quick tip: you can find your scorecard on your company’s secure portal. Here’s a quick link to the communications kit. A great time to communicate your results would be in June when we release our insights report.
Are you ready for June?
Be inspired.
- Insights 2021: The 2021 Material Change Insights Report will be released in June in celebration of World Environment Day! This report will provide key takeaways from the 2021 benchmark, an analysis of trends over the past three years and a look forward to reaching critical goals for raw materials, climate, and nature.
Be prepared.
- Material Change Index 2022: The 2022 Material Change Index (MCI) survey submission window opens in June. Dates for the “Getting Started” workshops and other learning opportunities will be posted on the Companies Creating Material Change community hub.
- Biodiversity Benchmark: The biodiversity question-set will be integrated into the 2022 survey. Companies planning to complete the Biodiversity Benchmark will receive a “progress card”, similar to the approach in previous years.
- Fiber Challenges: Signatories to the Textile Exchange 2025 Sustainable Cotton Challenge and Recycled Polyester Challenge are required to complete the “Progress Tracker” for Cotton and Polyester, respectively.
Be supported.
- Getting Started Workshops: We will be hosting workshops in late June/early July to help all new and returning participants get familiar with the program and changes for 2022.
- Drop-in clinics: Our group-led – and very popular – Drop-in Clinics will be back with a new “theme based” twist. These Clinics provide a safe space for practitioners to share experiences or feedback, ask curly questions, learn from each other, and more.
If you haven’t already, please join the Companies Creating Material Change community hub and mark up your calendars with upcoming activities such as our popular workshops and drop-in clinics.
We look forward to staying in touch. Please reach out to us at CFMB@TextileExchange.org with any questions. We are here to help!
Related Articles
