BCI’s income from membership up 34.35% in 2015

Sustainable cotton certification issuer Better Cotton Initiative reported rise of 34.35 per cent in its income generated from membership services in 2015 to €2.988 million as compared to €2.224 million in 2014, attributed to an increase in number of members with the organisation.

Total members in the organisation were reported to be 706 in 2015 as compared to 468 last year, a rise of 50.85 per cent. This helped BCI reduce its dependence on grant funding.

Deferred income at BCI mainly consisted of membership fees invoiced in 2015, where some portion of the benefit is to be obtained in 2016 or later.

The key achievements in 2015 were membership and retailer procurement.

“We thank our partners, funders, members and BCI staff for having played such a crucial role in achieving our goals this year and positioning us to make Better Cotton a responsible mainstream commodity by 2020,” Paola Geremicca, director of communications and fundraising at BCI commented.

Farmers produced Better Cotton in 21 countries across five continents, and BCI reached 1.6 million farmers worldwide, a 23 per cent increase from 2014.