Thursday, February 2, 2023
  • Login
CEO North America
  • Home
  • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
    • Environment
  • Opinion
  • News
  • Multimedia
No Result
View All Result
  • Home
  • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
    • Environment
  • Opinion
  • News
  • Multimedia
No Result
View All Result
CEO North America
No Result
View All Result

Patagonia founder is giving away company to fight climate change

in News
Patagonia founder is giving away company to fight climate change
Share on FacebookShare on Twitter

Patagonia founder Yvon Chouinard, his wife and two adult children are giving away their ownership in the apparel maker, dedicating all the company’s profits to support biodiversity protection and fight climate change.

“While we’re doing our best to address the environmental crisis, it’s not enough. We needed to find a way to put more money into fighting the crisis while keeping the company’s values intact,” Choiunard wrote in a letter about the family’s decision.

The privately held company’s stock will now be owned by a climate-focused trust and group of nonprofit organizations, called the Patagonia Purpose Trust and the Holdfast Collective respectively.

According to the company “every dollar that is not reinvested back into Patagonia will be distributed as dividends to protect the planet.”

Patagonia expects to generate and donate about $100 million annually. The company sells new and used outdoor apparel, outdoor activities gear and food and beverages made from sustainable sources.

According to the New York Times the company founded 50 years ago is worth about $3 billion.

Ryan Gellert will continue to serve as Patagonia’s CEO, and the Chouinard family will remain on Patagonia’s board.

After informing its employees, the company changed its motto to “Earth is now our only shareholder.”

Tags: Climate ChangePatagoniaRyan GellertYvon Chouinard

Related Posts

Airlines cancel over 1,800 u. S. Flights as ice storm hits multiple states
News

Airlines cancel over 1,800 U.S. flights as ice storm hits multiple states

Tinder owner to lay off 8% of its staff as growth falters
News

Tinder owner to lay off 8% of its staff as growth falters

Biden moves to slash u. S. Credit card fees, app charges
News

Biden moves to slash U.S. credit card fees, app charges

Intel slashes employee, exec pay amid pc market downturn
News

Intel slashes employee, exec pay amid PC market downturn

Payments firm paypal to lay off 7% of its workforce to cut costs
News

Payments firm PayPal to lay off 7% of its workforce to cut costs

Apple workplace rules violate u. S. Labor law, agency finds
News

Apple workplace rules violate U.S. labor law, agency finds

Walmart, cvs health adjust pharmacy hours due to labor crunch
News

Walmart, CVS Health adjust pharmacy hours due to labor crunch

Volvo group north america faces $130m civil penalty
News

Volvo Group North America faces $130M civil penalty

Tiktok ceo to testify before u. S. Congress over security concerns
News

TikTok CEO to testify before U.S. Congress over security concerns

 us debt not a crisis yet according to economists
News

 US debt not a crisis yet according to economists

No Result
View All Result

Recent Posts

  • Airlines cancel over 1,800 U.S. flights as ice storm hits multiple states
  • Tinder owner to lay off 8% of its staff as growth falters
  • Biden moves to slash U.S. credit card fees, app charges
  • New York City Votes To “Skip The Stuff” In Take-Out Orders
  • How to Test If Your Interview Process Is a Nightmare

Recent Comments

    Archives

    Categories

    • Art & Culture
    • Business
    • CEO Interviews
    • CEO Life
    • Editor´s Choice
    • Entrepreneur
    • Environment
    • Food
    • Health
    • Highlights
    • Industry
    • Innovation
    • Issues
    • Management & Leadership
    • Multimedia
    • News
    • Opinion
    • PrimeZone
    • Printed Version
    • Travel
    • Uncategorized

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org

    • CONTACT
    • GENERAL ENQUIRIES
    • ADVERTISING
    • MEDIA KIT
    • DIRECTORY
    • TERMS AND CONDITIONS

    Editorials – stuart.james@ceo-na.com

    Editor-In-Chief – caroline.sposto@ceo-na.com

    Editorials – editorials@ceo-na.com

    Advertising – media@ceo-na.com

    NEW YORK

    110 Wall St.,
    3rd Floor
    New York, NY.
    10005
    USA
    +1 212 432 5800

     

    MEXICO CITY

    Paseo de la Reforma 296,
    Floor 38
    Mexico City
    06600
    MEXICO

    • CONTACT
    • GENERAL ENQUIRIES
    • ADVERTISING
    • MEDIA KIT
    • DIRECTORY
    • TERMS AND CONDITIONS

    Editorials –
    stuart.james@ceo-na.com

    Editor-In-Chief –

    caroline.sposto@ceo-na.com

    Editorials – editorials@ceo-na.com

    Advertising –
    media@ceo-na.com

    NEW YORK

    110 Wall St.,
    3rd Floor
    New York, NY.
    10005
    USA
    +1 212 432 5800

    MEXICO CITY

    Paseo de la Reforma 296,
    Floor 38
    Mexico City
    06600
    MEXICO

    CEO North America © 2022 - Sitemap

    No Result
    View All Result
    • Home
    • Business
      • Entrepreneur
      • Industry
      • Innovation
      • Management & Leadership
    • CEO Interviews
    • CEO Life
      • Art & Culture
      • Food
      • Health
      • Travel
      • Environment
    • Opinion
    • News
    • Multimedia

    © 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In