Textile Exchange launches revamped Material Change Index tracking industry progress toward more sustainable materials sourcing

LUBBOCK, Texas, Jan. 22, 2020 /PRNewswire-PRWeb/ --ATextile Exchange announces the launch of its annual Material Change Index. With 170 companies participating, the Material Change Index (MCI) is the largest voluntary peer-to-peer comparison initiative in the textile industry. It tracks the apparel, footwear and home textile sector's progress toward more sustainable materials sourcing, as well as alignment with global efforts like the Sustainable Development Goals (SDGs) and the transition to a circular economy."We've been running a preferred materials benchmark for three years and felt it was time to ramp it up. There's a greater urgency; resources are finite, and consumption contributes to climate change, among other serious impacts. The textile industry can play a huge role in the shift to a regenerative and circular use of materials a?? but we have to move fast and put the growing, extraction and recycling of materials center stage. Our ambition at Textile Exchange is to motivate and enable companies to progress towards the more sustainable use of materials," said LaRhea Pepper, Managing Director at Textile Exchange. The Material Change Index is a key component of Textile Exchange's Corporate Fiber & Materials Benchmark (CFMB) program, which enables participating companies to measure, manage and integrate a preferred fiber and materials strategy into their business. By participating in the CFMB, companies demonstrate a commitment to transparency and continuous improvement around their materials sourcing strategy. In 2019, 85% of participating companies had a commitment to converting at least one of their key material categories to "100% more sustainable". Additionally, 39% of materials used by participating companies were from more sustainable sources.The MCI family of indices tracks progress across the following categories: Cotton, Polyester, Nylon, Manmade Cellulosics, Down, Wool, Material Circularity, and the SDGs. Companies that complete the full CFMB survey are eligible to be recognized on the overall MCI Leaderboard. In 2019, there were 74 companies eligible for the MCI, with 16 companies awarded "Level 4: Leader" status (listed in alphabetical order).
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