Standard Owner Benchmark - NATURAL FIBER WELDING

By CommonShare

Natural Fiber Welding (NFW) is a for-profit company based in Peoria, Illinois, USA. The company specializes in developing sustainable and innovative materials for the fashion, automotive, and home goods industries.

NFW uses a patented technology called Mirum to create high-performance materials from natural fibers, such as cotton, hemp, and wool. Mirum uses a proprietary chemistry and process to combine natural fibers with plant-based materials, creating materials that are durable, flexible, and biodegradable.

The company's materials have a variety of applications, including in apparel, footwear, automotive interiors, and furniture. NFW works with a range of partners and customers to develop and commercialize sustainable materials that meet their specific needs.

As a for-profit company, NFW's primary goal is to generate profits for its shareholders while also promoting sustainability and environmental responsibility. The company is committed to reducing the environmental impact of the textile industry and is focused on developing sustainable and innovative materials that can help achieve this goal.

In addition to its Mirum technology, Natural Fiber Welding has developed several product lines that use sustainable and innovative materials. These include:

-Plant Leather: A plant-based leather alternative made from natural fibers and plant-based materials. Plant Leather is durable, flexible, and sustainable, and can be used in a variety of applications, including footwear, apparel, and accessories.

-Green Polyurethane: A polyurethane foam alternative made from natural fibers and plant-based materials. Green Polyurethane is flexible, durable, and biodegradable, and can be used in a range of applications, including automotive interiors and furniture.

-AltFiber: A line of sustainable textiles made from natural fibers and recycled materials. AltFiber textiles are durable, flexible, and can be customized to meet specific design requirements.

NFW has also formed several partnerships with companies in the fashion and automotive industries to develop sustainable materials and products. For example, the company has worked with H&M to develop a collection of sustainable apparel made from plant-based materials, and with Ford to develop a plant-based alternative to petroleum-based foam for automotive interiors

Overall Rating

1.4

Under-Performing

Governance

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NATURAL FIBER WELDING

United States

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How our Standard Owner Benchmark® Works?

By CommonShare

This is a benchmark to help companies understand which standards should be part of a sustainable procurement plan. Further, the benchmark allows standard setting schemes, i.e. "Standard Owners", to benchmark their performance versus industry peers.