The Textile Exchange Corporate Fiber and Materials Benchmark (CFMB) Program is launching the Biodiversity Benchmark, in partnership with The Biodiversity Consultancy and Conservation International and supported by Sappi. As per a Green Biz report, the Benchmark will enable companies to understand their impacts and dependencies on nature in their materials sourcing strategies, chart a pathway to delivering positive biodiversity outcomes, and benchmark their progress.
The benchmark aims to integrate biodiversity into existing materials and sourcing strategies, rather than approach biodiversity as a new or disconnected topic. The inclusion of biodiversity is part of Textile Exchange's Climate+ strategy, which focuses on urgent climate action and recognizes that soil health, water and biodiversity will play a key role in this transition.
The company has designed the Biodiversity Benchmark Companion Guide to catalyze companies to think about their fiber and material choices in relation to their dependencies, risks, opportunities and impacts through a biodiversity lens.