Need it sooner? Dont worry, we'll only contact you about activism here. Gellert has served as the brand's general manager of Europe, the Middle [] They wanted us to both protect the purpose of the business and immediately and perpetually release more funding to fight the environmental crisis. We believe this new structure delivers on both and we hope it will inspire a new way of doing business that puts people and planet first.. Most significantly, every dollar that is not reinvested back into Patagonia will be distributed as dividends to protect the planet. It would also be a failure for the planet. Patagonia Works will also serve as an umbrella for new businesses the company invests in or develops in the future. URGENT ACTION ALERT: Montana Stream Access Under Threat, U.S. Supreme Court Decision Upholds New Mexico Public Access Law, Breaking the Mold Bold Move by Leading Fly Fishing Media Creator, Five reasons why fly fishing will boom again in 2023. No ones expectations of Patagonia are higher than our own. 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. 0000007081 00000 n As a climber and backcountry snowboarder, Ryan loves the wild natural world and knows Patagonias customers as a peer. 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. hb```b`` a`e````@ G d`5,,;V1cec`gc)4Ei[awY*YzX21Uu5?V=lO2f(cC"[@s*ECB-l[@NO.*`2U84fv&Gv:m3cSK[Tb.P8"")Qr)\vYsrGPbGMx ? 11 ; Sharing Best Practices . Introducing Patagonia Works, a new kind of holding company by Yvon Chouinard - May 6, 2013. . 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 is not the case. Flexible shipping options are available. For example, a scientific study shows that Hoover Dam and Lake Mead emit approximately 12.3 million metric tons of carbon dioxide equivalent (CO2e) annually, while Kentucky Lake annually emits over 1.8 million metrics tons of CO2e.2 Moreover, the collective GHG emissions of dams and reservoirs are significant. A copy of the rulemaking petition to EPA is attached, and we are happy to provide additional information on this issue. Patagonia has selected a new chief executive officer of Patagonia Works: Ryan Gellert. Neither of these programs lead to self-sustaining ESA recovery goals and metrics. 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. The Chouinard family will guide the Patagonia Purpose Trust, electing and overseeing its leadership. We became a certified B Corp and a California benefit corporation, writing our values into our corporate charter so they would be preserved. Save my name, email, and website in this browser for the next time I comment. Everything we make has an impact on people and the planet. Williams will continue to report to the CEO in this critical new role. On March 21, 2022, Earthjustice submitted a rulemaking petition to the EPA requesting that the agency add dams and reservoirs to its Greenhouse Gas Reporting Program.4 Earthjustice submitted the petition on behalf of Patagonia and Save the Colorado, and over 130 other organizations joined the petition. Caring for employees is the responsibility of business. Child-care stipends for parents who do not live near one of our child-care centers. 0000010398 00000 n Ayana Elizabeth Johnson, The current system of capitalism has made its gains at an enormous cost, including increasing inequality and widescale uncompensated environmental damage. In naming Gellert as CEO, Patagonias board of directors determined that his deep commitment to the companys mission and long-held values, as well as his international experience, best positioned Patagonia for success in these uncertain times. /E}HMZ)&pRCyDi;8,:n}>t {FUv~S;,.]?mZg^eC0zweubvm!W~.}Anyn;UkfeCU8EjT]>^"k\BMUpI.lXcPcXcPcXcR!%["0[r/,KEEGGGGGGEE___`]"c^nn+,"#4p/Duw !t,c|i4 What is a B Corp (benefit corporation)? Twitter Instagram Facebook Google+ | Patagonia.com. 0000003088 00000 n But we couldnt be sure a new owner would maintain our values or keep our team of people around the world employed. 21, 2022). Sign up to receive our bi-monthly email newsletter. He wanted to do things his own way and on his own terms. Resources to make informed decisions at the ballot box. %PDF-1.4 % Ryan holds a JD from the S.J. View Ironclad Guarantee Know how your clothes are made. Subsidized, on-site high-quality child care. 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. Patagonia has long taken. Two types of paid leave: 4 weeks of paid pregnancy disability leave and/or 12 weeks of paid parental bonding leave. Patagonia respectfully asks the Bureau of Land Management and Biden Administration to require a comprehensive review of the climate and conservation consequences of the Willow Project. 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. It means giving parents the resources they need to work and raise children. h1 01K\Ax'MF[!!' (| endstream endobj 2431 0 obj <>/Metadata 172 0 R/Pages 163 0 R/StructTreeRoot 174 0 R/Type/Catalog/ViewerPreferences<>>> endobj 2432 0 obj <>/Font<>/ProcSet[/PDF/Text]/Properties<>/XObject<>>>/Rotate 0/StructParents 8/TrimBox[0.0 0.0 612.0 792.0]/Type/Page>> endobj 2433 0 obj <> endobj 2434 0 obj <> endobj 2435 0 obj <> endobj 2436 0 obj <> endobj 2437 0 obj <>stream Patagonia will remain a B Corp and continue to give one percent of sales each year to grassroots activists. 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. 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. See the original here. We gave away 1% of sales each year. What are the responsibilities of Patagonia Works as the holding company?The Responsibilities of Patagonia Works: Incubate environmentally responsible companies, Extend the reach and the influence of the brand to new markets, Offer a new way to measure return on invested capital, Provide long-term economic health with consideration of environmental and social risk, Promote The Responsible Economy, Patagonia's ongoing environmental campaign, Provide best-quality shared services and allow each business to focus on product,quality, sales and customer experience, What are the current key channel companies under the Patagonia Works umbrella?Patagonia, Inc. (apparel)Patagonia Provisions, Inc. (food)Lost Arrow, Inc. dba Lost Arrow Project (government)Patagonia Media, Inc (books, films, multimedia projects)Fletcher Chouinard Designs, Inc. (surfboards)Tin Shed Ventures, LLC (investments)Worn Wear, Inc. (used and upcycled apparel). Patagonia is a Certified Benefit Corporation that has contributed more than $145 million to grassroots nonprofits working to protect people and the planet. As a climber and backcountry snowboarder, Ryan loves the wild natural world and knows Patagonias customers as a peer. I started as a craftsman, making climbing gear for my friends and myself, then got into apparel. What does this mean for Patagonia employees? Message and data rates may apply. Despite the misguided opinions of this Court, were more determined than ever to save our home planet. Its been nearly 50 years since we began our experiment in responsible business, and we are just getting started. The Holdfast Collective (Collective for short) will use every dollar received to fight the environmental crisis, protect nature and biodiversity, and support thriving communities, as quickly as possible. 0000003003 00000 n 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. 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. Current Lower Snake River Dam fish mitigation measures rely heavily on hatchery production and non-volitional fish passage programs. In a very short time, the Coalition has launched an index of social and environmental performance that designers (and eventually consumers) can use to make better decisions when developing products or choosing materials. 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. Founded by Yvon Chouinard in 1973, Patagonia is an outdoor apparel company based in Ventura, California. 0000001931 00000 n By providing your email address, you agree to our Privacy Policy and Terms of Service. Even public companies with good intentions are under too much pressure to create short-term gain at the expense of long-term vitality andresponsibility. Patagonia operates its apparel and equipment, food, and related businesses through the following subsidiaries: Patagonia, Inc. (apparel and equipment), Patagonia Provisions (food), Patagonia Media (books, films and multimedia projects), Fletcher Chouinard Designs, Inc. (surfboards), Tin Shed Ventures, LLC (investments), and Worn Wear, Inc. (used and upcycled apparel), and Great Pacific Child Development Center (onsite childcare and development). 208 Criminal Trespass Amendments. Additional Quotes from Patagonia Board of Directors . As a climber and backcountry snowboarder, he loves the wild natural world and knows Patagonias customers as a peer. 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. Lisa Williams, who joined Patagonias product team in 2001, will assume a new executive role as head of innovation, design and merchandising. 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. The estimated total pay for a Director at Patagonia is $260,402 per year. Please reach out if you have questions about any of the above comments. Ambitions dont get much bigger than that. 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. Dont worry, we'll only contact you about activism here. No. Requiring dams and reservoirs to report their GHG emissions will also ensure that federal and state agencies and utilities make decisions on the future of the electric sector based on the best available information regarding hydropowers GHG emissions, and not risk inadvertently pursuing a clean energy future that is not actually clean. If we want to protect nature and support communities, businesses cant continue to adhere to the prevailing economic model. I am honored and humbled by the opportunity and keenly aware of the responsibility to lead this company in this critical time, stated Gellert. Whats changed now is that the company has additional stewardship from the Patagonia Purpose Trust. Because we know prioritizing durability results in consuming less energy, wasting less water and creating less trash. Because we know prioritizing durability results in consuming less energy, wasting less water and creating less trash. Introducing Patagonia Works, a new kind of holding company. Ive made no secret that I hold a fairly skeptical view of the business world. 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. 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. The family will also guide the philanthropic work performed by the Holdfast Collective. The stakes could not be higher. Since 2014, Gellert has overseen Patagonias business in Europe, the Middle East and Africa. 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. What is $20 Million & Change?$20 Million & Change is the internal fund set up by Patagonia Works to help like-minded start-up companies. Investments of any size will be limited to like-minded, responsible businesses. As the business leader I never wanted to be, I am doing my part. Text HELP for help. Weve pledged 1% of sales to the preservation and restoration of the natural environment. Find contact's direct phone number, email address, work history, and more. 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. Text STOP to cancel. Twitter Instagram Facebook Google+ | Patagonia.com. Board of Directors & Advisory Board Environmental Defense Center . Ambitions dont get much bigger than that. The funds name is a nod to the fact that $20 million is the starting amount with the ability to grow and, moreimportantly, with the ability to "change" the way business is done. Patagonia has selected a new kind of holding company by Yvon Chouinard May... Be preserved are under too much pressure to create short-term gain at the expense of long-term vitality andresponsibility critical role... We want to protect nature and support communities, businesses cant continue to adhere to preservation. 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