Ambitions dont get much bigger than that. It will make the company more competitive and its employees around the world will forever be empowered by purpose. Kristine McDivitt Tompkins, Every time you read a new scientific report, it's clear the climate crisis is happening faster than we thought and it's worse than we thought. The last line of Patagonia's mission statement is . In 2000, Kristine Tompkins founded Conservacion Patagonica. If we have any hope of a thriving planetmuch less a businessit is going to take all of us doing what we can with the resources we have. The company is owned by Chouinard and Tompkins, who are the co-founders. This unnecessary production would cause devastating, long-term destruction to the health of the planet and the Western Arctic ecosystem, which supports caribou, geese, loons, salmon, polar bears and bowhead whales, along with Indigenous communities who rely on these traditional food sources. Concerned about the environmental impact? The world is literally on fire. He has extensive experience working with direct action environmental groups, having served on the boards of Access Fund, Protect Our Winters, the European Outdoor Group and the Soil Heroes Foundation. Thank you for hosting the May 12, 2022 hearing on Modernizing Hydropower: Licensing and Reforms for a Clean Energy Future, before the Subcommittee on Energy of the Committee on Energy and Commerce. I am dead serious about saving this planet.. Patagonia is a Certified Benefit Corporation that has contributed more than $145 million to grassroots nonprofits working to protect people and the planet. The Holdfast Collective owns all the nonvoting stock (98 percent of the total stock), and it will use every dollar received from Patagonia to protect nature and biodiversity, support thriving communities and fight the environmental crisis. Everything we make has an impact on people and the planet. Additional Quotes from Patagonia Board of Directors . Further, Gellerts attentiveness and dedication to seeing others excel, and his passion for Patagonias product and activism, made him the right choice for the organizations next chapter. Patagonia Works is the holding company for Patagonia, Inc. (apparel and equipment), Patagonia Provisions (food), Patagonia Media (books, films and multimedia projects), Lost Arrow Solutions (government), Fletcher Chouinard Designs, Inc. (surfboards), Tin Shed Ventures, LLC (investments), and Worn Wear, Inc. (used and upcycled apparel). I dont like to think of myself as a businessman. The Patagonia Purpose Trust now owns all the voting stock of the company (two percent of the total stock) and exists to create a more permanent legal structure to enshrine Patagonias purpose and values. Despite the misguided opinions of this Court, were more determined than ever to save our home planet. What does this mean for Patagonia employees? And that bestows on our family a serious responsibility. Introducing Patagonia Works, a new kind of holding company by Yvon Chouinard - May 6, 2013. . The negotiations over the Build Back Better budget reconciliation package have identified a critical list of funding priorities to help address the climate crisis and move our country toward President Bidens goal of 100 percent clean electricity by 2035, which will be even more important in the wake of last weeks Supreme Court decision in the West Virginia v. EPA case. He will be supported by our incredible leadership team, both new and ongoing, and staff of all levels, who have helped make our company what it is today. Because we know prioritizing durability results in consuming less energy, wasting less water and creating less trash. As a climber and backcountry snowboarder, Ryan loves the wild natural world and knows Patagonias customers as a peer. This elite creative team also includesTin Shed Venturesand Patagonias repair, share and recycle business,Worn Wear. A founding member of 1% for the Planet, the company is recognized internationally for its product quality and environmental activism. These were adopted by our board of directors and shareholders for each of our US-based primary companies (Patagonia, H\n0~ Flexible shipping options are available. But this is our time, and as a company we are prepared to lead and to help citizen activists and businesspeople of conscience create a healthier planet for all life. Ryan Gellert as CEO and the leadership team, together with all of Patagonias employees, will continue to run the business under the direction of the board of directors. At a minimum, Patagonia urges Congress to include the following priorities in the updated budget reconciliation package: Ensure federal investments to accelerate the transition to affordable, secure, domestic clean energy. What is Patagonia Works? A founding member of 1% for the Planet, the company is recognized internationally for its product quality and environmental activism. Child-care support for parents on work trips. Its unique ownership structure reflects that Earth is its only shareholder: Profits not reinvested back into the business are paid as dividends to protect the planet. Twitter Instagram Facebook Google+ | Patagonia.com. 0000001780 00000 n An avid climber and backcountry snowboarder, Ryan has climbed and ridden all over the world. As a 501(c)(4) not-for-profit organization, the Collective can advocate for causes and political candidates in addition to making grants and investments in our planet. Re: Patagonias support for climate investments. I am honored and humbled by the opportunity and keenly aware of the responsibility to lead this company in this critical time, stated Gellert. By providing your email address, you agree to our Privacy Policy and Terms of Service. Essential to this is ensuring a robust public process that allows time for a diversity and depth of input, especially during busy summer months (and subsistence seasons). Yvon Chouinard poses in front of a Patagonia store in 1993, two decades before transferring the entire ownership of the company to a nonprofit . Founded by Yvon Chouinard in 1973, Patagonia Works ("Patagonia") is a certified B Corporation based in Ventura, California. As the Subcommittee considers future oversight and/or legislation regarding hydropower, we request that it recognize and evaluate hydropower facilities GHG emissions prior to taking any action. 0000007791 00000 n Failure to recover endangered salmonids would be a failure to honor treaties between the U.S. government and tribes. The estimated additional pay is $106,537 per year. We will keep doing all of the great things that built Patagonia, and the company will keep doing its best to be a great employer. Jenna Johnson, who previously led Patagonias technical outdoor business, will serve as head of Patagonia, Inc., where she will oversee Patagonias apparel and equipment division as the company works to align its business more strongly with its mission and sport communities. This is not the case. Alongside this announcement, Jenna Johnson has been promoted from leader of Patagonias technical outdoor biz to Head of Patagonia Inc. Press Release: Additionally, all companieswill have direct sales as a component. Our participation helps us to stay at the forefront in developing environmentally conscious textiles, and enables us to share our experience with others from our many years using organic cotton and recycled fabrics. Ryan holds a JD from the S.J. As we began to witness the extent of global warming and ecological destruction, and our own contribution to it, Patagonia committed to using our company to change the way business was done. What is $20 Million & Change?$20 Million & Change is the internal fund set up by Patagonia Works to help like-minded start-up companies. With 20 years as an outdoor industry professional, and as a lifelong climber and someone who enjoys biking, running and skiing, she has deep roots in Patagonias sport communities. Williams will continue to report to the CEO in this critical new role. Since 2014, he has elevated Patagonia to a position ofleadership in Europes outdoor industry and environmental communities. Will Patagonia Works wholly own any of the companies it invests in?Not necessarily. As the business leader I never wanted to be, I am doing my part. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); 2008-2022. Two types of paid leave: 4 weeks of paid pregnancy disability leave and/or 12 weeks of paid parental bonding leave. But its also resilient. Effective immediately, the Chouinard family has transferred all ownership to two new entities: Patagonia Purpose Trust and the Holdfast Collective. Lisa Williams, who joined Patagonias product team in 2001, will assume a new executive role as head of innovation, design and merchandising. Chouinard, his wife and two adult children CHILDREN 0.0% have transferred their ownership of Patagonia, valued at about $3 3 0.0% billion, to a specially designed trust and a nonprofit. Rush and Upton, Jake Beaulieu et al., Methane and Carbon Dioxide Emissions from Reservoirs: Controls and Upscaling, 125 J. Geophysical Rsch. Ive made no secret that I hold a fairly skeptical view of the business world. Message and data rates may apply. Additional Quotes from Patagonia Board of Directors, I first met Yvon when he was around 24 and today, he is almost 84. That said, Patagonia, the company my wife and I founded four decades ago, has grown up to by global standards a medium-size business. Ryan has lived and worked in the United States, Asia and Europe. The petition requests that EPA require dam and reservoir facilitiesincluding hydropower facilitiesto report their annual GHG emissions to EPA and the public. Each year, profits that are not reinvested back into the business will be distributed by Patagonia as a dividend to the Holdfast Collective to help fight the climate crisis. Soon after, the website Patagonia.com was updated to state that Earth is now our only shareholder and to include a letter from founder Yvon Chouinard. Because we know prioritizing durability results in consuming less energy, wasting less water and creating less trash. So, we created ourown. A major milestone to protect the Everglades: Utah Stream Access Coalition CALL TO ACTION: Oppose H.B. The Patagonia Purpose Trust was created solely to protect our companys values and mission. In all those years, his vision has never wavered. Each company may leverage the following shared corporateservices: environmental, legal, finance, technology, distribution, and human resources. 0000002368 00000 n 0000008640 00000 n The executive who had overseen the organization's business in Europe, the Middle East and Africa since 2014 now heads the. The Willow Project calls for construction of up to five drill pads with up to 50 wells on each pad, a road system, an airstrip, pipelines, a gravel mine and more. A founding member of 1% for the Planet, the company is recognized internationally for its product quality and environmental activism. 0000001931 00000 n Each will be organized as a B Corp (benefit corporation), be amember of 1% for the Planet and utilize the Higg Index or other appropriate footprint-based measurementof social and environmental performance. Thank you for your efforts to deliver a holistic solution to this problem. No ones expectations of Patagonia are higher than our own. Patagonia Inc. Patagonia, Inc. operates as an apparel store. 2023 Patagonia, Inc. All Rights Reserved. Three months after the somewhat sudden resignation of Rose Marcario, who led the company for 12 years, Patagonia has named Ryan Gellert as its new CEO of Patagonia Works, the umbrella company for all its ventures, from clothing to smoked salmon to documentaries. Sept. 25, 2020: Patagonia Works has a new CEO: Ryan Gellert. What a disaster that would have been. Across America, smaller cities and less-populated states are offering cash and perks to lure remote workers away from big metropolitan areas. Instead of going public, you could say were going purpose. Instead of extracting value from nature and transforming it into wealth for investors, well use the wealth Patagonia creates to protect the source of all wealth. You have exceeded the maximum number of line items for your cart (50). Please reach out if you have questions about any of the above comments. What is the Holdfast Collective and what does it do? An assessment of current and projected reservoir water quality and suitability for listed fish species using available climate projections, for at least 50 years, would indicate whether or not such forecasted water quality and availability conditions can support wild, self-sustaining fish populations with the dams left in place. Three examples: Every year for 30 years, Patagonia has donated one percent of its sales to grassroots environmental organizations. Some Patagonia Works investments could be smaller seed investments to fledgling, responsiblecompanies in need of capital. Founded by Yvon Chouinard in 1973, Patagonia is an outdoor apparel company based in Ventura, California. 11 ; Sharing Best Practices . In 2012 we became one of Californias first B Corps (benefit corporations), which means that the values that helped make our company successful are now etched into our legal charter. This is another way weve found to do our part. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. But our mission prepares us to help lead citizen activists and business people of conscious to urgently work to create a healthier planet for all life. Acting together, Patagonias board and the Patagonia Purpose Trust will work for the companys continued success over the long term while ensuring it stays true to its purpose and values. It means supporting employees choices around if or when they have a child. The approach included connecting individually with each core team member, business unit director and channel VPs as part of the pre-planning process. 0000004835 00000 n Her work focuses on fostering collaborative partnerships with a number of national nonprofits and decision-makers at the federal level to ensure access to and infrastructure for inspiring outdoor recreation opportunities. wBDX4@m@4QP^ ty.`9 h$30B@l & c}/NL/%2k0[2n:xQ1S)(LNd"QJjFcN=BiEg`hb~6EeM?xTe` z endstream endobj 2450 0 obj <>/Filter/FlateDecode/Index[174 2256]/Length 67/Size 2430/Type/XRef/W[1 1 1]>>stream Dont worry, we'll only contact you about activism here. The company announced today that Ryan Gellert will become CEO of Patagonia Works, the umbrella company for all its ventures, from clothing to smoked salmon to documentaries. The company has pulled its vests and jackets after a co-owner of the resort hosted a right-wing fundraiser with, among others in attendance, Rep. Marjorie Taylor Greene. Sign up for exclusive offers, original stories, activism awareness, events and more from Patagonia. Everything we make has an impact on people and the planet. 0000000736 00000 n I believe this plan that he and his family helped create is tectonic. Further, Gellerts attentiveness and dedication to seeing others excel, and his passion for Patagonias product and activism, made him the right choice for the organizations next chapter. Our Company History - Patagonia Shop Activism Sports Stories Company History We guarantee everything we make. 21, 2022). 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