Standard Owner Benchmark - THE WOOLMARK COMPANY
By CommonShare
The Woolmark Company is a global organization that represents the interests of the wool industry and promotes the use of wool as a sustainable and versatile natural fiber. Established in 1964, it operates as a subsidiary of Australian Wool Innovation Limited (AWI), which is a not-for-profit company owned by Australian woolgrowers.
The primary objective of The Woolmark Company is to showcase the benefits and qualities of wool to consumers, designers, and manufacturers worldwide. It serves as a platform for collaboration between woolgrowers, manufacturers, and retailers, fostering innovation, research, and development within the wool industry.
The Woolmark Company is well-known for its iconic Woolmark logo, which represents quality and authenticity. The logo is a globally recognized symbol for wool products that meet the company's stringent standards of quality and performance. It assures consumers that the product they are purchasing is made from genuine wool and adheres to high standards of production.
One of the core activities of The Woolmark Company is the promotion and marketing of wool as a sustainable and renewable fiber. They work closely with designers, fashion brands, and retailers to encourage the use of wool in fashion and textile industries. By showcasing the natural and sustainable properties of wool, they aim to increase consumer demand and promote the benefits of choosing wool over synthetic fibers.
In addition to marketing and promotion, The Woolmark Company also invests in research and development initiatives. They collaborate with universities, research institutions, and industry experts to explore new technologies and innovations that enhance the performance and sustainability of wool. This includes areas such as wool processing, fabric development, and product applications.
Furthermore, The Woolmark Company supports education and training programs for designers and industry professionals. They provide resources, workshops, and scholarships to foster creativity, skill development, and knowledge sharing within the wool industry.
By championing the use of wool and driving innovation, The Woolmark Company plays a vital role in supporting woolgrowers and ensuring the long-term sustainability of the wool industry. Through their efforts, they contribute to the promotion of sustainable practices, the growth of the global wool market, and the preservation of a natural and renewable resource.
In summary, The Woolmark Company is a globally recognized organization that represents the wool industry and promotes the use of wool as a sustainable and versatile natural fiber. Through marketing, research, and development initiatives, they work to enhance the profile of wool, support innovation, and drive the demand for wool products worldwide.
Overall Rating
Governance
Supply Side Digitization
Buy Side Availability
Relevance
Digital Accessibility
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.