{"id":7079,"date":"2017-03-27T13:48:00","date_gmt":"2017-03-27T18:48:00","guid":{"rendered":"https:\/\/textileexchange.org\/?p=7079"},"modified":"2022-09-24T17:14:09","modified_gmt":"2022-09-24T22:14:09","slug":"leading-global-industry-benchmark-report-released","status":"publish","type":"news","link":"https:\/\/textileexchange.org\/news\/leading-global-industry-benchmark-report-released\/","title":{"rendered":"Leading Global Industry Benchmark Report Released"},"content":{"rendered":"\n<p><strong>Just released! The 2016 Preferred Fiber and Materials Industry B<\/strong><strong>enchmark Report shows companies are setting ambitious targets for uptake of more sustainable raw materials.&nbsp;<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/textileexchange.org\/app\/uploads\/2021\/05\/2016-PFM-Sector-Benchmark-Report-Released-2017-03-27.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">View Press Release Here<\/a><\/p>\n\n\n\n<p>Lamesa, Texas [March 27, 2017] 71 Companies have stepped up to the mark and put themselves forward for benchmarking against their peers and competitors in the Textile Exchange Preferred Fiber &amp; Materials (PFM) Benchmark Program, linking their efforts to the UN Sustainable Development Goals (SDGs).<\/p>\n\n\n\n<p>61% of companies have set targets for switching to a more sustainable source of cotton, three quarters having a specific target for organic. Liesl Truscott, Materials Strategy Director for Textile Exchange said:<\/p>\n\n\n\n<p>\u201cMillions of people \u2013 cotton farmers, foresters, and other textile feedstock providers \u2013 form the base of the textile supply network and are impacted by the decisions brands and retailers make every day. Influencing improvement in fiber and material production is one of the greatest opportunities textile brands and retailers can contribute to securing a sustainable future. \u201c<\/p>\n\n\n\n<p>\u201cPreferred\u201d is another way of saying \u201cmore sustainable.\u201d Textile Exchange defines a \u201cpreferred\u201d fiber or material (PFM) as one that is ecologically and socially progressive and has been selected because it has more sustainable properties in comparison to conventional options.<br>\u201cThe mix of fibers in your product range can be just as important as the sustainability profile of each fiber,\u201d Truscott added. \u201cIt\u2019s great to have a forward-thinking cotton program, but if most of your range is synthetic you should be concentrating on recycled choices. Our benchmarking will point companies towards that.\u201d<\/p>\n\n\n\n<p>Textile Exchange recommends a \u201cportfolio approach,\u201d building a suite of preferred fiber and materials from a choice of preferred options, through the consideration of impacts and product range priorities. The goal is that PFMs are produced to a globally accepted standard, with strict criteria that qualifies the product as preferred, and can be traced through the supply chain.<\/p>\n\n\n\n<p>Nanda Bergstein, Head of Vendor Relations &amp; Sustainability (Non Food) for Tchibo, said \u201cOur goal of a 100% sustainable business model challenges us to think about completely new, innovative models of doing business. One of them is our partnership with the Appachi ECO-LOGIC Cotton Project in India which brings together a value chain from the farmers to the customers. The key is the partnership and working together \u2013 and we see this as pivotal for the entire industry.<\/p>\n\n\n\n<p>This is why we are proud to support the Preferred Fiber and Materials Benchmark. It is not only a tool to benchmark our individual progress as a company within the index community, it also creates motivation for the industry to increase the conversion from conventional into sustainable materials and products.\u201d<\/p>\n\n\n\n<p>71 companies (up from 57 last year), ranging from adidas to Woolworths, completed a bespoke online survey and have received confidential Company Feedback Reports revealing their individual results. An Industry Report \u2013 containing the combined results of all participating companies \u2013 is to be released this week.<\/p>\n\n\n\n<p>CONTACT: Donna Worley<br>Director of Marketing Communications and Public Relations<br>+1.806.577.0652 (U.S. Central)<br>Donna@TextileExchange.org<\/p>\n","protected":false},"excerpt":{"rendered":"<p>71 Companies have stepped up to the mark and put themselves forward for benchmarking against their peers and competitors in the Textile Exchange Preferred Fiber &#038; Materials (PFM) Benchmark Program, linking their efforts to the UN Sustainable Development Goals (SDGs).<\/p>\n","protected":false},"author":40,"template":"","tags":[],"news_category":[],"class_list":["post-7079","news","type-news","status-publish","has-post-thumbnail","hentry"],"acf":[],"eight29_custom":[],"featured_image":{"thumbnail":{"src":null,"width":null,"height":null,"srcset":false,"alt":false},"medium":{"src":null,"width":null,"height":null,"srcset":false,"alt":false},"medium_large":{"src":null,"width":null,"height":null,"srcset":false,"alt":false},"large":{"src":null,"width":null,"height":null,"srcset":false,"alt":false},"eight29_post_thumb":{"src":null,"width":null,"height":null,"srcset":false,"alt":false},"eight29_staff":{"src":null,"width":null,"height":null,"srcset":false,"alt":false},"slider-image-hard":{"src":null,"width":null,"height":null,"srcset":false,"alt":false},"slider-image-flexible":{"src":null,"width":null,"height":null,"srcset":false,"alt":false},"main-logo":{"src":null,"width":null,"height":null,"srcset":false,"alt":false},"full-width-block":{"src":null,"width":null,"height":null,"srcset":false,"alt":false},"standard-width-block":{"src":null,"width":null,"height":null,"srcset":false,"alt":false},"half-width-hard":{"src":null,"width":null,"height":null,"srcset":false,"alt":false},"small-width-block":{"src":null,"width":null,"height":null,"srcset":false,"alt":false},"square-image-large":{"src":null,"width":null,"height":null,"srcset":false,"alt":false},"square-image-small":{"src":null,"width":null,"height":null,"srcset":false,"alt":false},"vertical-image-xl":{"src":null,"width":null,"height":null,"srcset":false,"alt":false},"vertical-image-large":{"src":null,"width":null,"height":null,"srcset":false,"alt":false},"vertical-image-small":{"src":null,"width":null,"height":null,"srcset":false,"alt":false},"mega-menu-image":{"src":null,"width":null,"height":null,"srcset":false,"alt":false},"gform-image-choice-sm":{"src":null,"width":null,"height":null,"srcset":false,"alt":false},"gform-image-choice-md":{"src":null,"width":null,"height":null,"srcset":false,"alt":false},"gform-image-choice-lg":{"src":null,"width":null,"height":null,"srcset":false,"alt":false}},"the_categories":[],"the_author":"Textile Exchange","formatted_date":"March 27, 2017","yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - 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