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Textile Exchange to launch 2020 CFMB survey

Textile Exchange plans to launch 2020 CFMB survey in June 2020. The survey enables participating companies to measure, manage and integrate a preferred fiber and materials strategy into their business.

Textile Exchange recently released its 2019 Material Change Insights Report, which surfaces valuable insights about the state of fiber and materials sourcing in the textiles sector in the context of the COVID-19 pandemic. The report draws on exclusive data provided through Textile Exchange's Corporate Fiber & Materials Benchmark (CFMB) program, the largest peer-to-peer comparison initiative in the textiles sector with more than 170 voluntary brand participants. The CFMB program fills a necessary industry gap by rigorously analyzing self-reported company data to track the materials sourcing progress of individual companies as well as the industry at large.

The resulting Material Change Insights Report provides one of the most data-backed and comprehensive analyses of how the industry is progressing in its shift to preferred materials, as well as alignment with global efforts like the Sustainable Development Goals (SDGs) and the transition to a circular economy. It builds on Textile Exchange's Material Change Index (MCI) — a family of indices, published earlier in the year, that tracks individual company progress.

The 2019 report was authored by Textile Exchange's Fiber and Materials team, with circularity content developed with global consultancy Corporate Citizenship and support from media partner GreenBiz.