Do you want to be part of the companies Creating Materials Change?
More than 190 companies participated in Textile Exchange’s 2020 Material Change Index (MCI), making it the largest peer-to-peer comparison initiative in the textile industry.
If you want to get the right tools, resources, data, and forums to rebuild the way we do business, the CFMB is THE place for this. Get your roadmap to start your “new pathway”.
Get started. Join the Community Hub. Register Now.
Participants tell us that just the act of completing the survey provides a valuable roadmap for improvement.
Participation involves completing a survey based on your 2020 sourcing, including volumetric data of preferred materials/fibers, your fiber strategy, and how you integrated this into your business.
All participants receive a confidential scorecard and the opportunity to show leadership and transparency through the MCI Leaderboard.
Benefits of participating
Participating in the CFMB is voluntary and free. Participants tell us that just the act of completing the survey provides a valuable roadmap for improvement. Your company will receive:
- The opportunity to demonstrate leadership through the public Material Change Index, including the MCI Leaderboard.
- A digital scorecard for engaging and communicating results to team members, executives, boards of directors and external stakeholders.
- A framework for reporting fiber uptake targets, consumption data and progress.
- Performance tracking with peers and participation in a learning community.
- A focal point for sector alignment with the Sustainable Development Goals.
- Contribution to Textile Exchange’s Climate+ target of a 45% CO2 reduction by 2030.
Why benchmarking works
Since Textile Exchange started benchmarking, other sectors and issue campaigners have initiated benchmarks in fields such as corporate human rights, deforestation, water and sustainable seafood. The most reputable benchmarking organizations come together under the World Benchmarking Alliance (WBA), of which Textile Exchange is a member and proud ally.
According to the WBA, benchmarks work for five core reasons:
- They clarify what society expects from industries and companies.
- They identify where and how companies can contribute to sustainability.
- They promote a race to the top.
- They help track progress.
- They are a proven and effective engagement tool.
The growth of benchmarking in an increasing number of arenas is a testament to its effectiveness as a performance improvement tool. For more details, visit the World Benchmarking Alliance website.
Companies have the option to participate in the benchmark at different levels, with full participation earning eligibility for the overarching Material Change Leaderboard.
- Full MCI. Companies completing the full survey receive a placement in the Material Change Leaderboard, Material Circularity Index and Material SDG Index, as well as placements for each Materials module completed.
- Materials Module. Companies completing one or more Materials modules receive index placements for each module completed.
- Progress Tracker. Companies reporting on their uptake targets and volumes are listed as participants in the Material Change Index for all reported materials.
To reaffirm our commitment to good data and strong processes, we engaged ELEVATE to externally assure our process every year. Textile Exchange validates all survey submissions, checks calculations and carries out consistency checks year-on-year, but we do not verify the accuracy of the data. That responsibility remains with the participating company. View our disclaimer.
To get started on your benchmarking journey, we recommend you:
- Watch the video and read the FAQs: Take 15 minutes to watch the recorded introduction, and then use the additional tools and resources to guide you through the process.
- Register to participate on the CFMB Portal: Please note that the 2021 survey launches in June and closes in September 2021.
- Join the Hub community: For updates and important benchmark information, please join our CFMB Hub community or in case of any questions please contact us at CFMB@TextileExchange.org.
Previous participants please note: survey answers are automatically populated with the previous year’s answers, so you will just need to check responses, update them where necessary, and submit along with your consumption data for 2020.
The benchmark cycle
Frequently asked questions
All brands, retailers and suppliers of textile products are eligible to participate in the Material Change Index (MCI). In fact, the more companies taking part, the more meaningful the results for all involved. Even if your company is not a member of Textile Exchange, it can still participate in the benchmark program.
All participants receive customized and confidential company scorecards. Company scorecards offer a useful tool for each participating company to share with important internal and external stakeholders, including the investment community.
This year we have significantly changed company feedback reporting. In response to popular demand and system improvements, report cards are now digital. This means they are more graphic and less text based, allowing for interactive displays of data driven information. We have also introduced two levels of report card: standard (free of charge for all participants) and advanced (for a fee of US$3,000). Textile Exchange Partner level members receive a complimentary advanced report card, and supporter members pay a discounted US$2,000 fee. Small and Medium Enterprises (SME/friend-level membership) can receive an advanced report card for US$1,000.
The benchmark framework provides a holistic approach to fiber and materials reporting. Companies submitting a full survey response are eligible to be recognized in the Material Change Index’s overarching Material Change Leaderboard, Material Circularity Index, and Material SDG Index, as well as placements for each Materials module completed. Companies completing one or more Materials modules receive index placements for each module completed.
Since 2019, our family of indices is based on management as well as uptake data, replacing the volume-based version of the past.
Circularity is playing an ever increasing and critical role in reducing the industry’s dependence on natural resources. In addition, textile waste is increasingly serving as a feedstock to displace some of the virgin materials the industry currently relies upon. Addressing textile waste and its “re-invention” as a valuable resource has become a critical part of a fiber and materials strategy, which is why we are now tracking circularity progress through our Material Circularity Index.
The 17 Sustainable Development Goals are an overarching set of goals that can connect the textile industry to the world’s most important agenda. The SDGs cover environmental, social and economic themes that will be critical to the health and prosperity of people and planet – and the long-term viability of business. The CFMB helps companies make this connection, and progress toward alignment with these goals is tracked in the Material SDG Index.