For Immediate Release
Date Posted: 15 September 2022
CottonConnect and The International Cotton Advisory Committee have signed a Memorandum of Understanding (MoU) for a collaborative partnership on knowledge sharing, innovation, environmental sustainability assessment and joint project initiatives.
The collaborative partnership, covering an initial period of one year, represents the primary common interest between the two organisations. The relationship between CottonConnect and ICAC is based upon the shared values of fairness, mutual respect, consulting in relevant decision-making, good communication, social accountability and transparency.
The agreement covers four key areas of collaboration between CottonConnect and ICAC:
CottonConnect and ICAC are interested in discussing potential collaborations and joint projects that would benefit both parties. ICAC, for example, has embarked upon an impressive project aiming to double cotton's earnings within four to five years. CottonConnect sees great potential in collaborating with ICAC on such productive and innovative initiatives. Both parties are open to jointly developing and implementing innovative cotton projects and seeking investment from potential funders and donors.
‘We are delighted to collaborate with The International Cotton Advisory Committee. I believe this partnership will allow both organisations to learn and work on the challenges faced by the cotton industry today. We look forward to exploring innovative ideas, sustainability challenges and productivity initiatives that mutually benefit both the organisations’, said Alison Ward, CEO, CottonConnect.
‘Collaborating with our industry allies has become a core principle for the ICAC over the last five years and this partnership with CottonConnect is evidence of that’, said ICAC Executive Director Kai Hughes. ‘The chaos caused by the Covid pandemic in 2020 and 2021 has prompted organisations everywhere in the world to think of ways to improve the performance and resilience of their supply chains. CottonConnect excels in this area and shares our core values, so it's a natural decision for our two organisations to work together to find solutions that improve the lives of cotton and textile professionals everywhere’.
About The International Cotton Advisory Committee (ICAC)
Formed in 1939, the ICAC is an association of cotton producing, consuming and trading countries. It acts as a catalyst for change by helping member countries maintain a healthy world cotton economy; provides transparency to the world cotton market by serving as a clearinghouse for technical information on cotton production; and serves as a forum for discussing cotton issues of international significance. In addition, members can take advantage of the ICAC’s global network of cotton researchers, whose expertise covers the supply chain from farm to textile manufacturing, and have free access to its cutting-edge technologies like the voice-based app and virtual technology cotton training programme. Committed to ensuring cotton’s continued sustainability, the ICAC is the only intergovernmental commodity body covering cotton that is recognised by the United Nations. For more information, please visit www.icac.org, Twitter or LinkedIn.
CottonConnect is a pioneering social enterprise that is reimagining the future for supply chains. With headquarters in London, on-the-ground teams around the world, we help to improve the sustainability of global textile supply chains, thereby enabling producers and raw material farmers to work more responsibly and enjoy better livelihoods. Our work helps brands to access more sustainable cotton and other natural fibres, creating a more transparent and resilient supply chain that will continue to deliver the best cotton, now and in the future. At CottonConnect, we believe in helping brands, suppliers and farmers develop and maintain partnerships that are truly transformational.