How can companies judge progress in their sustainability efforts – both year-on-year and in comparison with their peers? The Preferred Fiber & Materials (PFM) Benchmark 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.
2018 Textile Sustainability Conference
Plenary session: Persuasion and data – how to influence at a high level
Moderator: Liesl Truscott, Textile Exchange
Panelists from left to right: Helen Crowley, Kering, Nanda Bergstein, Tchibo, Charline Ducas, C&A, Cara Charcon, Patagonia, Alfred Vernis, Inditex
Panelists discussed the importance of fibers and materials to business strategy, how to make a business case through benchmarking, and convince others of the business imperative, including c-suite and staff colleagues.
It’s time to take bold action now, we owe this to our children, to the planet, and to the people who work in our supply chains. So let’s work together and be accountable to our progress. Let’s commit to sourcing raw materials with integrity and fairness. Let’s honour the value of people, energy, water and the soil. Let’s work together to really create positive impact in the world, because this is the task for our generation.
We only have this one world and if we don’t take care of it, who will?
– Nanda Bergstein, Tchibo
David Hobson, Nga Rua Station, New Zealand. Photo: Wools of New Zealand
Three Years of Benchmarking
Heading in the right direction
The PFM Benchmark has evolved over three years of operation into the largest peer-to-peer comparison initiative in the sector. 111 companies participated in 2018, an increase of 106% since 2015, with average index scores increasing from 49 to 56 since the start of the full program.
Third year of benchmarking following a successful pilot
Growth in participation now 111 companies
(87 Benchmark, 24 Consumption Tracker)
Improvement in scores year-on-year
Spotlight on the Founders Club
Of the 87 companies who completed the benchmark survey this year, 43 have completed it three years in a row. These 43 companies formed the Founders Club, outperforming their peers by 12.5%, with ALDI, Burberry and Woolworths recording the biggest improvements. (If we take into consideration all 111 participants, 81 percent have continued in the program in one form or the other for the past three years.)
43 companies (60% of the original 71) participated consecutively across 3 years
The Founders Club are
outperforming the rest
Biggest movers over 3 years
Barometer of Progress
The PFM Index barometer provides a scale to measure performance. In 2018, the proportion of companies in each performance banding improved again, slightly. The biggest move was between “developing” and “establishing” indicating continued movement along the scale.
PFM INDEX – RESULTS OVER 3 YEARS
In 2018, we’ve seen an overall increase across all Sections of the Index. Corporate Strategy is still ahead of the rest of the Index, while Consumer Engagement remains the biggest opportunity for improvement.
The PFM Index average is the average of all participant scores. It is calculated from Section 1 scores plus the average score for Sections 2, 3 and 4 for a company’s top three performing modules. All scores are out of 100.
The Index average moved up 3 points, from 53 out of 100 in 2017, to 56 in 2018. Since 2016, the Index average improved by 14.2%. See Sector Feedback Report for breakdown by sub-sector.
A special thank you and CONGRATULATIONS to all this year’s 111 Benchmarkers. Your willingness to join us on this journey, publicly disclose your company’s participation, and commitment to improving makes you sector leaders. Your confidential feedback reports are available now from the PFM Portal. Those who didn’t participate in 2018 can access a sample Company Feedback Report here. The complete Sector and Sub-sector Feedback Report is available here.
To be part of the PFM Benchmark helps Veja’s team to understand and recognize all the work Veja has been doing by adopting 100% organic cotton in its products and by having built its own supply chain for this crucial material used in the industry. The program also assists the team to comprehend what has been done in relation to other materials and to encourage Veja’s team to reach a more sustainable supply chain in the next coming years.
– François Ghislain Morillion, Veja
Organic-Fairtrade Cotton Farmer, Brazil. Photo: C&A Foundation
The PFM Benchmark is managed through a portal called “Probench” developed by our software partners, 73Bit Ltd.
This Program is kindly sponsored by: