GreenBiz Group’s Joel Makower reports that a new tool, the Material Change Index (MCI) has been launched (as of today) by the nonprofit Textile Exchange. Basically, the new Index helps companies in the textile and fashion industries source more sustainably by aligning raw material choices with the global Sustainable Development Goals set by the UN. Over 170 companies participated in the creation of the Index.
Writes Mr. Makower:
At the core of the Textile Exchange’s work is a benchmarking program, in which companies disclose a range of policies and practices, and their performance against each, via a secure online portal. The information submitted by companies is reviewed by the Textile Exchange and verified by an independent third party. The group also publishes a leaderboard of volume users of sustainable fibers, including which companies are using the sustainability standards associated with those fibers.
Textile Exchange is headquartered in Texas and provides members “best practices regarding farming, materials, processing, traceability and product end-of-life in order to reduce the textile industry’s impact on the world’s water, soil and air, and the human population.”