Textile Exchange plans cashmere standard

11/05/2020
The Textile Exchange is developing a platform for the responsible buying of cashmere, and is asking buyers and brands to lend their expertise and help to create a standard.

The International Buyers Group (IBG) will help develop the Mongolia Sustainable Cashmere Platform (MSCP) and a Collective Action Plan.

Members will meet regularly (mostly virtually) during 2020 and 2021 to receive briefings and input to MSCP.

Textile Exchange said: “We’re looking for buyer insights into helping to craft a definition for ‘sustainable cashmere’, the design of tools and terms of reference for studies, and identifying new incentives and finance mechanisms for herders.”