Available tools to help align your benchmark with industry-specific targets
Science-based Targets Initiative
The SBTi provides frameworks and criteria to assist companies in defining and achieving Science-Based Targets (SBTs) that are consistent with keeping global warming well below 2°C above pre-industrial levels, in line with the Paris Agreement. This involves setting targets for Scope 1, Scope 2, and Scope 3 emissions, as well as establishing a clear pathway to reduce emissions in line with what the latest climate science indicates.
The initiative also offers guidance, resources, and validation to ensure that companies' targets are in line with sector-specific benchmarks.
For example, the global apparel and footwear sector produces more greenhouse gas emissions than the shipping and aviation sectors combined. In turn, SBTi’s guidance sheet supports companies in this sector to set science-based targets that are categorically relevant to reducing the fashion industry's emissions footprint.
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Textile Exchange: Corporate Fibre and Materials Benchmark
Textile Exchange is the driving force for urgent climate action on textile fiber and materials. Textile Exchange is committed to the responsible expansion of textile sustainability across the global textile value chain. The goal set by experts on their team is for 30%* reduced CO2 emissions from textile fiber and material production by 2030.
Textile Exchange has created a platform for companies to set and measure their industry-specific benchmarks. The Materials Benchmark is the largest peer-to-peer comparison initiative in the fashion, textile, and apparel industry and showcases the progress of brands, retailers, suppliers, and manufacturers towards more sustainable materials sourcing.
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Examples of sustainability benchmarks set by industry associations and alliances
Sustainable Hospitality Alliance: Pathway to Net Zero Hospitality
This Pathway to Net Positive Hospitality v2.0 provides a practical roadmap for acceleration towards a sustainable and contributory future that will harness the power of the four pillars of people, planet, place and prosperity combined with the transformative power, innovation, and resources of the industry.
The Pathway defines Net Positive Hospitality and demonstrates how people, planet, place and prosperity are interrelated, outlines the material topics for the industry, lays out the ambitions that the industry should look to achieve on its journey towards net positive hospitality and aligns with various leading frameworks and standards.
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World Steel Association
The production of steel remains a CO2 and energy-intensive activity. However, the steel industry is committed to continuing to reduce the footprint from its operations and the use of its products.
Our industry fully supports the aims of the Paris Agreement: The agreement’s central aim is to limit global temperature rise to well below 2 degrees Celsius above pre-industrial levels and to pursue efforts to limit the temperature increase even further to 1.5 degrees Celsius.
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