What is $20 Million & Change?$20 Million & Change is the internal fund set up by Patagonia Works to help like-minded start-up companies. Earthjustice appreciates the Subcommittees focus on increasing the role of Tribes and Native groups in hydropower development, and the recognition that hydropower facilities cause significant harms to fish, wildlife, and ecosystems. One option was to sell Patagonia and donate all the money. H\n0~ Voting stock has both economic value and decision-making authority. Everything we do needs to ladder back to our mission of being in business to save our home planet, and we need to do that in a way that is just, equitable and inclusive of all people. Now I want to know, which companies will be next to step up? Dr. Orders are shipped within 1-2 business days and arrive within 3-10 business days. Finally, we request that the Final Report focus on the planning and programs needed to reach an ultimate goal: full recovery and delisting of endangered species. Create a free Patagonia account. 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. Prior to his time at Patagonia, Gellert was president of Black Diamond, where he worked for nearly nine years and prior was a volunteer legal intern with the ACLU of Utah. See the original here. Introducing Patagonia Works, a new kind of holding company. %PDF-1.4
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Each company may leverage the following shared corporateservices: environmental, legal, finance, technology, distribution, and human resources. Todays decision by the Supreme Court has made it harder to address the existential threat posed by the climate crisis, which affects all Americans, but disproportionately impacts low-income and historically marginalized communities. Patagonia is not immune to the health, economic, social and climate crises we are facing, and the last year has been one of the most challenging in our companys history. Track orders, save products, easy hassle-free returns & exchanges. Flexible shipping options are available. The stakes could not be higher. What are the shared attributes of each company under Patagonia Works?Each company within Patagonia Works will share the core values of Patagonia Inc.: quality,environmentalism, corporate transparency and not being bound by convention. 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). In contrast, current law requires corporations to prioritize the financialinterests of shareholders over the interests of workers, communities and the environment.In January 2012, Patagonia Inc. was one of the first companies in California to register as a B Corp. Eachcompany under the Patagonia Works will have a common, ethos-led mission and will register as a B Corp toensure that its values live in perpetuity. It will help ensure that there is never deviation from the intent of the founder and to facilitate what the company continues to do best: demonstrate as a for-profit business that capitalism can work for the planet. 0000007791 00000 n
Dont worry, we'll only contact you about activism here. Because we know prioritizing durability results in consuming less energy, wasting less water and creating less trash. Patagonia Board of Directors Names Ryan Gellert Chief Executive Officer of Patagonia Works and Promotes Jenna Johnson to Lead Patagonia, Inc. September 24, 2020 by Patagonia VENTURA, Calif. (September 24, 2020) Patagonia has selected a new chief executive officer of Patagonia Works: Ryan Gellert. We ask that you hold a comment period of 120 days to allow for that input and to ensure permitting decisions are made in accordance with the Administrations climate and conservation goals. Patagonias board of directors also made two big changes within the leadership team by elevating Jenna Johnson and Lisa Williams to larger roles. Everything we do needs to ladder back to our mission of being in business to save our home planet, and we need to do that in a way that is just, equitable and inclusive of all people. Message and data rates may apply. Patagonia Inc. Patagonia, Inc. operates as an apparel store. Most significantly, every dollar that is not reinvested back into Patagonia will be distributed as dividends to protect the planet. Sincerely, Michael HiattSenior Attorney Earthjustice, 1 See, e.g., Bridget Deemer et al., Greenhouse Gas Emissions from Reservoir Water Surfaces: A New Global Synthesis, 66 BioSci. Lisa Williams, who joined Patagonias product team in 2001, will assume a new executive role as head of innovation, design and merchandising. This is not an excuse to ignore the real tension well continue to face between growth and the environmental impact of our operations. Patagonia Works succeeds Lost Arrow Corporation as the holding company for Patagonia, Inc. (apparel), Patagonia Provisions (food), Patagonia Media (books, films and multimedia projects), and future investments and joint ventures. We can save our planet if we commit to it. Patagonias community which includes avid anglers, paddlers, and conservationists stands ready to support a strong plan in whatever way we can. Biogeosciences 12, 19 (2020), Petition from Michael Hiatt, Earthjustice, to Michael Regan, Admr, EPA (Mar. No ones expectations of Patagonia are higher than our own. Were in business to save our home planet. 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. He also launched Patagonia Action Works in the region,an online tool to connect people with local and global environmental groups, allowing them to take action on causes they care about. h1 01K\Ax'MF[!!' (|
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The Patagonia Purpose Trust was created solely to protect our companys values and mission. 100% of co-pay costs for mental health visits are covered. And that bestows on our family a serious responsibility. Twitter Instagram Facebook Google+ | Patagonia.com. Will Patagonia Works continue to donate one percent of sales to grassroots environmental groups?Absolutely. Whats changed now is that the company has additional stewardship from the Patagonia Purpose Trust. Ryan Gellert, CEO of Patagonia and Patagonia board member said: I am dead serious about saving this planet.. Everything we make has an impact on people and the planet. In order to truly understand and compare the climate-related costs and benefits of dam removal vs. continued dam operation, we need to quantify or at least estimate these climate impacts, over 50 years, including: o Annual and projected carbon equivalent emissions from dam and reservoir operations. Ambitions dont get much bigger than that. Founded by Yvon Chouinard in 1973, Patagonia is an outdoor apparel company based in Ventura, California. Yvon Chouinard, Patagonia founder, former owner, and current board member said: Its been a half-century since we began our experiment in responsible business. Patagonia will remain a B Corp and continue to give one percent of sales each year to grassroots activists. Under Ryans stewardship, Patagonia launched its first global environmental campaign around a European initiative: Save the Blue Heart of Europe, an international crusade toprotect the last wild rivers of Europe from over 3,000 planned hydropower projects. This is our purpose. I am honored and humbled by the opportunity and keenly aware of the responsibility to lead this company in this critical time, stated Gellert. The executive who had overseen the organization's business in Europe, the Middle East and Africa since 2014 now heads the. Nonvoting stock carries economic value but not decision-making authority. Since 2014, he has elevated Patagonia to a position ofleadership in Europes outdoor industry and environmental communities. Text STOP to cancel. Learn more about our environmental and social responsibility program. A Certified B Corporation, the company is recognized internationally for its commitment to product quality and environmental activismand its contributions of more than $110 million in grants and in-kind donations to date. This elite creative team also includesTin Shed Venturesand Patagonias repair, share and recycle business,Worn Wear. The work ahead promises to be more important and satisfying than anything we have done so far, and we are beyond excited for what the future holds.. 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. Lisa Williams, who joined Patagonias product team in 2001, will assume a new executive role as head of innovation, design and merchandising. Please remove some items to proceed. PATAGONIA WORKS FISCAL YEAR 2013 7 In 2011, in preparation for our conversion to a benefit corporation, Patagonia developed specific public benefit purposes to reflect our values and mission. Founded by Yvon Chouinard in 1973, Patagonia Works ("Patagonia") is a certified B Corporation based in Ventura, California. You have exceeded the maximum number of line items for your cart (50). As noted in a recent petition to the EPA signed by more than 140 organizations, Petition-for-rulemaking-to-add-dams-and-reservoirs-as-a-source-category-under-the-Greenhouse-Gas-Reporting-Program.pdf (tellthedamtruth.com), a growing body of research shows significant greenhouse gas emissions (including CO2 and CH4) from reservoirs and other dam and reservoir operations. 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. But these companies must share our core values and their work must help provide solutions to the environmental crisis. In 2000, Kristine Tompkins founded Conservacion Patagonica. Here's how it works: 100% of the company's voting stock transfers to the Patagonia Purpose Trust, created to protect the company's values; and 100% of the nonvoting stock had been given to the Holdfast Collective, a nonprofit dedicated to fighting the environmental crisis and defending nature. A founding member of 1% for the Planet, the company is recognized internationally for its product quality and environmental activism. In addition to this role, Dr. Soley is Chairman and CEO of the Object Management Group. trailer
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document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Whats the ideal age to start teaching a kid fly fishing? Across America, smaller cities and less-populated states are offering cash and perks to lure remote workers away from big metropolitan areas. They wanted us to both protect the purpose of the business and immediately and perpetually release more funding to fight the environmental crisis. B Corps (benefit corporations) are a new kind of corporation legally required to: 1) have a corporate purposeto create a material positive impact on society and the environment; 2) redefine fiduciary duty to requireconsideration of the interests of workers, community and the environment; and 3) publicly report annuallyon overall social and environmental performance using a comprehensive, credible, independent, andtransparent third party standard. If you are using a screen reader and having difficulty please call us at 1-800-638-6464. Patagonia has 9 current employee profiles, including VP Environmental Initiatives and Special Media Projects Rick Ridgeway. `
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I started as a craftsman, making climbing gear for my friends and myself, then got into apparel. 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. And while there will be more tough days ahead as we challenge norms, I am excited to do the work alongside Patagonias talented and passionate professionals. Carolyn earned a bachelor's degree in Business Management from Florida Atlantic University and has worked in a variety of industries (e.g., law firms, power line construction, public charter school, art gallery). View Robert Tadlock's business profile as IP Counsel & Director, Brand Protection at Patagonia. Notably, a 2020 scientific study co-authored by a U.S. Environmental Protection Agency (EPA) researcher estimated that reservoirs in Ohio are the states fourth largest anthropogenic source of methane emissions.3. Need it sooner? 2023 Patagonia, Inc. All Rights Reserved. The company is owned by Chouinard and Tompkins, who are the co-founders. 0000003522 00000 n
By providing your email address, you agree to our Privacy Policy and Terms of Service. How does Patagonia, the clothing brand, fit into Patagonia Works?Patagonia will live under the Patagonia Works umbrella. And, I am certain we will also have some fun along the way.. OnStrategy facilitated the process to develop Patagonia's 2020-25 strategic direction. Patagonia does not have a board of directors. o Annual and projected carbon equivalent emissions from mitigation programs, including fish hatcheries, non-volitional fish passage, and sediment management. Twitter Instagram Facebook Google+ | Patagonia.com. 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. 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. More recently, in 2018, we changed the companys purpose to: Were in business to save our home planet. Founded by Yvon Chouinard in 1973, Patagonia Works (Patagonia) is a certified B Corporation based in Ventura, California. Since 2014, he has elevated Patagonia to a position of leadership in Europes outdoor industry and environmental communities. Instead of extracting value from nature and transforming it into wealth, we are using the wealth Patagonia creates to protect the source. Subsidized, on-site high-quality child care. What a disaster that would have been. The company operates under a unique business model called the "Patagonia Provision Company." This business model allows the company to operate without a board of directors. Flexible shipping options are available. View Ironclad Guarantee Know how your clothes are made. Additional Quotes from Patagonia Board of Directors . Acting together, Patagonia's board and the Patagonia Purpose Trust will work for the company's continued success over the long term while ensuring it stays true to its purpose and values. The company shared the news first with its employees in a global town hall event on September 14, 2022. The Company offers clothing suitable for alpine climbing, fly fishing, hiking, skiing and snowboarding, surfing, trail running, and . Two types of paid leave: 4 weeks of paid pregnancy disability leave and/or 12 weeks of paid parental bonding leave. Since 2014, Gellert has overseen Patagonias business in Europe, the Middle East and Africa. As the business leader I never wanted to be, I am doing my part. Prior to his time at Patagonia, Gellert was president of Black Diamond, where he worked for nearly nine years and prior was a volunteer legal intern with the ACLU of Utah. And, I am certain we will also have some fun along the way.. Employees are at the core of Patagonias success and this new ownership structure is an irrevocable commitment to protect the purpose and values that attracted all of us to the company in the first place. During his 25 years' experience in the mining industry, Mr. van Tienhoven worked for the majority of his career with the Anglo American group in various countries, culminating as Country Manager and President of Anglo Gold Ashanti's Cerro Vanguardia mine. 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 stronglywith its mission and sport communities. And its true to form for my life-long friend and fellow environmentalist, Yvon Chouinard. Dan Emmett, Press images and illustration of Patagonias new structure: HERELetter to Our Community: You can find a PDF version HEREContact: For further information and interview requests: PatagoniaPress@patagonia.com. Because we know prioritizing durability results in consuming less energy, wasting less water and creating less trash. They will also guide the philanthropic work performed by the Holdfast Collective. Some individual facilities emit large amounts of GHGs, at levels equal to or greater than the GHG emissions from equivalent coal- and gas-fired power plants. We are committed to the lifelong work of being more inclusive, being anti-racists is essential to our mission to save life on our home planet, said Kris Tompkins, who was Patagonias first CEO and currently serves on the companys board of directors. This reporting will allow regulators, policymakers, and the public to have access to accurate and timely information on these facilities GHG emissions. We helped initiate the Sustainable Apparel Coalition. By providing your email address, you agree to our Privacy Policy and Terms of Service. No. The former longtime CEO of the Patagonia clothing company, Kris has lived in South America for two decades, working full-time on land and wildlife conservation projects. Christopher van Tienhoven was appointed to the Patagonia Board on June 10, 2015. Its clear from our early reading of todays opinion that the Court has restricted the executive branchs ability to protect those who are most affected by climate change and to support communities on the front lines of climate activism. In all those years, his vision has never wavered. Buy used, trade in and fix your gear through Worn Wear. Ryan is the right person with the best experience and leadership approach to guide our company. No ones expectations of Patagonia are higher than our own. Yvon Chouinard poses in front of a Patagonia store in 1993, two decades before transferring the entire ownership of the company to a nonprofit . 0000000736 00000 n
Hans is the Environmental Campaigns and Advocacy Director at Patagonia . What is Patagonia Works? What is a B Corp (benefit corporation)? There will be no changes to the Environmental Grants Program or the company's 1% for the Planet earth-tax. Our Company History - Patagonia Shop Activism Sports Stories Company History We guarantee everything we make. Patagonia Board of Directors Names Ryan Gellert Chief Executive Officer of Patagonia Works and Promotes Jenna Johnson to Lead Patagonia Inc. Patagonia has selected a new chief executive officer of Patagonia Works: Ryan Gellert. 21, 2022), Twitter Instagram Facebook Google+ | Patagonia.com, Environmental justice, conservation and business groups, Letter to President Biden Regarding Willow Project, NEXT Energy Technologies Installs Energy-Generating Windows on Outdoor Retailer Patagonias Headquarters, Patagonia North America to close for last week of year, After 33 Years, Argentina Declares Historic Win for People and Planet, Funding Will Help Indigenous Communities Relocate to More Climate-Resilient Locations, Patagonia Opposes Pit Gravel Mine and Asphalt Plant Near the Madison River, Patagonia to young voters: you scare them, PATAGONIAS NEXT CHAPTER: EARTH IS NOW OUR ONLY SHAREHOLDER, Patagonia's Official Comment on Willow Project, Statement from Patagonia CEO Ryan Gellert on Utah Officials' Bears Ears, Grand Staircase-Escalante Lawsuit, Legal Agreements Block Drilling, Fracking Across 1 Million Acres in Central California, Letter in Support of Breaching Lower Snake River Dams, Petition-for-rulemaking-to-add-dams-and-reservoirs-as-a-source-category-under-the-Greenhouse-Gas-Reporting-Program.pdf (tellthedamtruth.com), Letter to Sen. Schumer Regarding Budget Reconciliation, Statement from Patagonia CEO Ryan Gellert on U.S. Supreme Court Decision West Virginia v. EPA, Letter to Sec. 21, 2022). 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. Child-care support for parents on work trips. 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). Effective immediately, the Chouinard family has transferred all ownership to two new entities: Patagonia Purpose Trust and the Holdfast Collective. The Final Report must address the fact that dams contribute significantly to climate change through emissions and amplification of other climate impacts. Everything we make has an impact on people and the planet. We became a certified B Corp and a California benefit corporation, writing our values into our corporate charter so they would be preserved. If we have any hope of a thriving planet 50 years from now, it demands all of us doing all we can with the resources we have. This commitment is part of our business charter, which means it now cant be changed without the approval of the Patagonia Purpose Trust. The company projects that it will pay out an annual dividend of roughly $100 million, depending on the health of the business. Ryan Gellert Chief Executive Officer Matt Dwyer VP, Product Impact & Innovation Glen Morden VP, Product Creation Cara Chacon VP, Social & Environmental Responsibility Bruce Old VP, Global Wholesale K. Corley Kenna A major milestone to protect the Everglades: Utah Stream Access Coalition CALL TO ACTION: Oppose H.B. ;"6r57dtf-Xa.9ZXyWQ%s;3eZ:u5>YLV >zO=5Qmv+d Nzym0KTCGWp:05@@6LhhdYTfNO]vGc1Y/XWqWU3Aa+::@4(M
X &700 Ayana Elizabeth Johnson, The current system of capitalism has made its gains at an enormous cost, including increasing inequality and widescale uncompensated environmental damage. If we have any hope of a thriving planetmuch less a thriving business50 years from now, it is going to take all of us doing what we can with the resources we have. We needed to find a way to put more money into fighting the crisis while keeping the companys values intact. Note: This statement was originally posted on LinkedIn. Ambitions dont get much bigger than that. But the new ownership structure provides a way to put the value that comes with responsible growth to work fighting the climate crisis. The leadership of the company does not change. This elite creative team also includesTin Shed Venturesand Patagonias repair, share and recycle business,Worn Wear. But we couldnt be sure a new owner would maintain our values or keep our team of people around the world employed. This is what we can do. Executive headshots can be downloadedHERE. No ones expectations of Patagonia are higher than our own. 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). In . The Holdfast Collective owns 98% of the company and all of the nonvoting stock. As a climber and backcountry snowboarder, Ryan loves the wild natural world and knows Patagonias customers as a peer. The fact that dams contribute significantly to climate change through emissions and of... Patagonias customers as a climber and backcountry snowboarder, ryan loves the natural... Of paid pregnancy disability leave and/or 12 weeks of paid parental bonding leave of value! Patagonia Inc. 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