Giving Compass’ Take:
• Liesl Truscott describes how Textile Exchange’s Material Change Index can help businesses understand how to integrate sustainable materials into business portfolios.
• Why is it crucial for companies to think about their sustainable materials, especially as it pertains to climate?
Almost any textile you can think of — from cotton to leather to nylon — has social and environmental impacts risks at every level of its supply chain: from the growing or extracting of its raw material inputs, to the processing it takes to turn those inputs into the materials we recognize. But when it comes to managing risk and replacing harmful materials with preferable ones, it can be tough for companies to know where to begin.
Through Textile Exchange’s Material Change Index (MCI), we track the apparel, footwear and home textile sector’s progress toward more sustainable materials sourcing as well as alignment with global efforts such as the United Nations Sustainable Development Goals (SDGs) and the transition to a circular economy. This week, Textile Exchange proudly launched the fourth edition of the MCI, which featured the voluntary participation of more than 170 companies (some covered subsidiaries) including major brands such as Adidas, C&A, Gucci, IKEA, Inditex, Nike, Patagonia and Tchibo.
That is why we have created this content series in partnership with GreenBiz. Over the course of 10 articles, we will surface key insights on how leading companies are integrating more sustainable materials into their portfolios. Later articles will focus on circularity, the SDGs and priority materials including cotton, polyester, nylon, man-made cellulosics, down, wool and leather.
The Material Change Index allows companies to better understand how their engagement compares to their peers. Here are a few overarching approaches that have allowed some leading companies to build holistic materials strategies that make a positive impact.
- Commit to change
- Get everyone on board
- Invest in collective action
Read the full article about sustainable materials by Liesl Truscott at GreenBiz.
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