In the future, materials will need to be biobased and produced sustainably without compromising mechanical properties. To date, in many cases, the advantages of the bio-origin of the raw material are overridden by the environmental impact of the process. In the present study, we have developed a novel composite material based on woven hemp fabric which reinforce a thermoset polymer produced from birch bark, a low-value forestry byproduct. Results show that this fully biobased composite has specific stiffness and strength equivalent to those of flax fibre-reinforced petroleum-based epoxy composites and slightly lower than glass fibre-reinforced petroleum-based epoxy composites. The sustainability of the material was also evaluated by life-cycle assessment from cradle to gate and showed significantly superior performance with respect to the potential global warming impact than commercial benchmark materials. Furthermore, toxicology studies showed no endocrine disruptive activities. This is an important proof of concept study demonstrating that biobased structural materials can be produced sustainably.