Were in business to save our home planet. Save my name, email, and website in this browser for the next time I comment. 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). 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. 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. %PDF-1.4
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Text STOP to cancel. By providing your email address, you agree to our Privacy Policy and Terms of Service. Will Patagonia just max out sales so it can give away more money each year. Please remove some items to proceed. No. The company projects that it will pay out an annual dividend of roughly $100 million, depending on the health of the business. A growing body of scientific studies over the past two decades have established that dams and reservoirs produce and emit substantial amounts of carbon dioxide, methane, and nitrous oxide.1 These greenhouse gas (GHG) emissions include reservoir surface emissions, which occur when dams trap organic material and leached synthetic fertilizers that decompose beneath a reservoirs water. 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. What is the Holdfast Collective and what does it do? Ambitions dont get much bigger than that. 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. 100% of co-pay costs for mental health visits are covered. All Rights Reserved. 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.. 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. He wanted to do things his own way and on his own terms. The company shared the news first with its employees in a global town hall event on September 14, 2022. Patagonia has been breaking the mold for decades, and now they have shattered it. Patagonias mission statement inspired the creationof Patagonia Works, and that mission statement will be infused into each company and brand extensionwithin Patagonia Works. Truth be told, there were no good options available. 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. Williams will continue to report to the CEO in this critical new role. The Company offers clothing suitable for alpine climbing, fly fishing, hiking, skiing and snowboarding, surfing, trail running, and . Patagonia covers the cost of medical insurance for all part-time and full-time employees; we offer the same high-quality health plans to all employees: U.S. employees on our health plans are covered for abortion care. 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. 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. 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 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. It would also be a failure for the planet. Patagonia's Chief Executive Officer is Ryan Gellert. The estimated total pay for a Director at Patagonia is $260,402 per year. 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). Our Company History - Patagonia Shop Activism Sports Stories Company History We guarantee everything we make. Taldi serves on the Board of Directors of the . This is our purpose. 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. Twitter Instagram Facebook Google+ | Patagonia.com. trailer
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This is what we can do. Sign up for exclusive offers, original stories, activism awareness, events and more. This is not an excuse to ignore the real tension well continue to face between growth and the environmental impact of our operations. Patagonia continues to be a for-profit business, a certified B Corp and a California benefit corporation, making the best-quality products and honoring its obligation to preserve the financial health of the company while always considering the impact our business has on employees, customers and communitiesand on the health and vitality of the natural world. VENTURA, Calif. (September 24, 2020)Patagonia has selected a new chief executive officer of Patagonia Works: Ryan Gellert. This elite creative team also includesTin Shed Venturesand Patagonias repair, share and recycle business,Worn Wear. 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. 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. 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. 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. /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 They are the future of business if we want to build a better world, and that future starts with what Yvon is doing now. Charles Conn, chair of the board, As founder of a company that has been in business for nearly 50 years, Ive seen the positive and negative impact a business can have on its communities and employees. I am honored and humbled by the opportunity and keenly aware of the responsibility to lead this company in this critical time, stated Gellert. 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. And, I am certain we will also have some fun along the way.. The Patagonia Purpose Trust was created solely to protect our companys values and mission. 2430 0 obj
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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. 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. Ryan Gellert, CEO of Patagonia and Patagonia board member said: Two years ago, the Chouinard family challenged a few of us to develop a new structure with two central goals. 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. Flexible shipping options are available. Deb Haaland Regarding Willow Project, Earthjustice Letter to Reps. 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. Prior to his appointment to this global role, Ryan spent six years as Patagonias general manager of Europe, the Middle East and Africa. Unlike a traditional holding company, whose primary purpose is to reduce risk through diversification of assets, Patagonia Works aims to invest in companies working to bring about positive change in five critical areas: clothing, food, water, energy and waste. Because we know prioritizing durability results in consuming less energy, wasting less water and creating less trash. Two types of paid leave: 4 weeks of paid pregnancy disability leave and/or 12 weeks of paid parental bonding leave. Learn more about our environmental and social responsibility program. Orders are shipped within 1-2 business days and arrive within 3-10 business days. 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). Most significantly, every dollar that is not reinvested back into Patagonia will be distributed as dividends to protect the planet. Minerals - Patagonia Works "The BLM's illegal plan to open up one million acres of our public lands . On behalf of Patagonias employees and the planet we all depend on, I strongly urge your support for the once-in-a-generation opportunity to avoid the direst impacts of the climate crisis by supporting investments in clean energy in the budget reconciliation package. Patagonia, Inc. operates as an apparel store. 0000009506 00000 n
o Annual and projected carbon equivalent emissions from mitigation programs, including fish hatcheries, non-volitional fish passage, and sediment management. What is a B Corp (benefit corporation)? Ambitions dont get much bigger than that. Its been nearly 50 years since we began our experiment in responsible business, and we are just getting started. 949, 94950, 95461 (Nov. 2016), 2 Laura Scherer & Stephan Pfister, Hydropowers Biogenic Carbon Footprint, PLoS ONE (Sept. 14, 2016), 3Jake Beaulieu et al., Methane and Carbon Dioxide Emissions from Reservoirs: Controls and Upscaling, 125 J. Geophysical Rsch. Will Patagonia as a company continue to donate 1% of sales for the planet? It means giving parents the resources they need to work and raise children. 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. 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). And while he is in good health now, he wanted to have a plan in place for the future of the company and the future of the planet. 0000007081 00000 n
H\n0~ 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). 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. Instead of extracting value from nature and transforming it into wealth, we are using the wealth Patagonia creates to protect the source. 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. Sept. 25, 2020: Patagonia Works has a new CEO: Ryan Gellert. 0000049772 00000 n
Caring for employees is the responsibility of business. In addition to this role, Dr. Soley is Chairman and CEO of the Object Management Group. The Patagonia Purpose Trust owns 2% of the company and all of the voting stock. Message and data rates may apply. 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. September 15, 2022, 5:30 AM PDT. I dont like to think of myself as a businessman. No. Yes. (Podcast). Ryan is the right person with the best experience and leadership approach to guide our company. Gellert has overseen . Three examples: Every year for 30 years, Patagonia has donated one percent of its sales to grassroots environmental organizations. I am honored and humbled by the opportunity andkeenly aware of the responsibility to lead this company in this critical time, stated Gellert. Founded by Yvon Chouinard in 1973, Patagonia Works ("Patagonia") is a certified B Corporation based in Ventura, California. But are these incentives worth packing a moving van? The last line of Patagonias mission statement is use business to inspire and implement solutions to the environmental crisis. Weve always taken that seriously. Seize the opportunity to lead the world in clean energy manufacturing and deployment to create jobs, strengthen supply chains and reduce costs for customers. Web SpecialsSave on Gear for Your Next Trip. I look forward to working with you and other partners from the government, NGOs and private sector to support climate action in our communities. No ones expectations of Patagonia are higher than our own. Twitter Instagram Facebook Google+ | Patagonia.com. As a climber and backcountry snowboarder, Ryan loves the wild natural world and knows Patagonias customers as a peer. One option was to sell Patagonia and donate all the money. Ryan Gellert will continue to serve as CEO and the Chouinard family will continue to sit on Patagonias board, along with Kris Tompkins, Dan Emmett, Dr. Ayana Elizabeth Johnson, Charles Conn (chair of the board), and Ryan Gellert. Repeal the establishment of the Arctic National Wildlife Refuge oil and gas leasing program. 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.. CC: Brenda Mallory, Council on Environmental Quality Chair; Adrian Saenz, White House Office of Public Engagement; Gina McCarthy, White House National Climate Advisor; Ali Zaidi, Deputy White House National Climate Advisor. 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. Team Advisors: Dr. Richard Mark Soley Dr. Richard Mark Soley is Executive Director of the Digital Twin Consortium and also Executive Director of the Industrial Internet Consortium and is responsible for the vision and direction of these two organizations. Were in business to save our home planet. Williams will continue to report to the CEO in this critical new role. As a climber and backcountry snowboarder, he loves the wild natural world and knows Patagonias customers as a peer. Patagonia Works ("Patagonia") is an outdoor apparel company with an almost 50-year history of environmental conservation and activism. 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. Track orders, save products, easy hassle-free returns & exchanges. when the board of directors determines that doing so may produce a material positive impact on the environment. Another path was to take the company public. Since 2014, Gellert has overseen Patagonia's business in Europe, the Middle East and Africa. Text STOP to cancel. 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. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); 2008-2022. Concerned about the environmental impact? 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.. As the business leader I never wanted to be, I am doing my part. oIRcOk#v'lXvCuJp< x,Z.E>BZ,M@rcl./Na)&l 9m7e^T+%8m40**IjibSe >x2z)g$M^( KsT\)GHSqxlpJ :N;]H:n` ^
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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. Family members will continue to sit on Patagonias board, along with Kris Tompkins, Dan Emmett, Dr. Ayana Elizabeth Johnson, Charles Conn (chair of the board), and Ryan Gellert, our CEO. 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. Flexible shipping options are available. Quinney College of Law at the University of Utah; an MBA from the Florida Institute of Technology; and a BSBA in finance from the University of North Carolina at Charlotte. We can save our planet if we commit to it. 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. This reporting will allow regulators, policymakers, and the public to have access to accurate and timely information on these facilities GHG emissions. & # x27 ; s Chief Executive Officer is Ryan Gellert September 14, 2022 critical. Every year for 30 years, Patagonia has selected a new Chief Executive Officer is Ryan.! Are these incentives worth packing a moving van ( ) ) ; 2008-2022 ignore the real tension well continue face... The public to have access to accurate and timely information on these facilities GHG emissions paid pregnancy disability and/or... 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