Standard Owner Benchmark - TEXTILE EXCHANGE
By CommonShare
Textile Exchange is a global non-profit organization that works to promote sustainability in the textile industry. The organization was founded in 2002 and is headquartered in the United States. Textile Exchange's mission is to inspire and equip companies to accelerate sustainable practices in the textile value chain.
The organization works with a variety of stakeholders, including brands and retailers, manufacturers, farmers, and NGOs. Textile Exchange provides resources and tools to help companies measure and improve their sustainability performance. The organization also conducts research and advocacy work to promote sustainable practices in the textile industry.
One of Textile Exchange's key initiatives is the Global Organic Textile Standard (GOTS), which is a certification system for organic textiles. GOTS sets standards for environmentally and socially responsible production and ensures that organic textiles are traceable from the farm to the final product.
Furthermore, Textile Exchange is an important organization in the textile industry, working to promote sustainability and responsible practices throughout the supply chain.
In addition to the Global Organic Textile Standard (GOTS), Textile Exchange has several other initiatives and programs aimed at promoting sustainability in the textile industry. Some of these initiatives include:
Preferred Fiber and Materials (PFM) Program: This program aims to increase the use of preferred fibers and materials, such as organic cotton, recycled polyester, and responsible wool, in textile production. Textile Exchange provides guidance and resources to companies looking to source these materials.
Responsible Wool Standard (RWS): The RWS is a certification system that ensures the welfare of sheep and the responsible use of land in wool production. Textile Exchange developed the standard in collaboration with other industry stakeholders.
Recycled Polyester (rPET) Standard: This standard sets requirements for the production and use of recycled polyester in textile products. It ensures that the material is traceable, socially responsible, and environmentally friendly.
Climate+ Program: Textile Exchange's Climate+ program is aimed at reducing greenhouse gas emissions in the textile industry. The program includes a range of initiatives, such as renewable energy, carbon offsetting, and sustainable transportation.
Overall, Textile Exchange is a key player in the global effort to promote sustainability in the textile industry. The organization's initiatives and programs are helping to create a more environmentally and socially responsible textile value chain.
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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.