patagonia works board of directors
2023 Patagonia, Inc. All Rights Reserved. Unfortunately, several participants at the hearing incorrectly characterized hydropower as a clean, carbon free resource. Bloomberg Surveillance with Tom Keene, Jonathan Ferro & Lisa Abramowicz live from New York, bringing insight on global markets and the top business stories of the day. 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. It would also be a failure for the planet. 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). 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. 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. An avid climber and backcountry snowboarder, Ryan has climbed and ridden all over the world. Everything we make has an impact on people and the planet. Learn more about our environmental and social responsibility program. We gave away 1% of sales each year. This commitment is part of our business charter, which means it now cant be changed without the approval of the Patagonia Purpose Trust. 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. Patagonia has long taken. 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). By providing your email address, you agree to our Privacy Policy and Terms of Service. What is $20 Million & Change?$20 Million & Change is the internal fund set up by Patagonia Works to help like-minded start-up companies. 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. This is our purpose. The Patagonia Purpose Trust owns 2% of the company and all of the voting stock. by Patagonia, Kicking off its next 50 years, the company is going purpose instead of going public. 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. 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.. 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. 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. Patagonia Inc. Patagonia, Inc. operates as an apparel store. Dont worry, we'll only contact you about activism here. 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 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. 0000005669 00000 n These were adopted by our board of directors and shareholders for each of our US-based primary companies (Patagonia, 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. }gt%vP5pO*,K. Will Patagonia Works continue to donate one percent of sales to grassroots environmental groups?Absolutely. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. 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. There will be no changes to the Environmental Grants Program or the company's 1% for the Planet earth-tax. Its been nearly 50 years since we began our experiment in responsible business, and we are just getting started. 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. Whats changed now is that the company has additional stewardship from the Patagonia Purpose Trust. 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. 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. September 24, 2020 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. 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. And, I am certain we will also have some fun along the way.. 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. Patagonia Works could be an investor, or joint-venture partner. 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. 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. Will Patagonia as a company continue to donate 1% of sales for the planet? 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.. 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. 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. 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. In addition, the current Lower Snake River dam reservoirs increasingly exhibit inadequate water quality (for example, increased water temperatures) to support listed salmon and steelhead life histories and migration along the river. Founded by Yvon Chouinard in 1973, Patagonia is an outdoor apparel company based in Ventura, California. 0000049772 00000 n Web SpecialsSave on Gear for Your Next Trip. Alongside this announcement, Jenna Johnson has been promoted from leader of Patagonias technical outdoor biz to Head of Patagonia Inc. Press Release: 0000003522 00000 n Could Patagonia Works be considered an incubator for environmentally and socially responsiblecompanies?Absolutely. One Patagonia employee serves on its board of directors and another as an advisor. And, I am certain we will also have some fun along the way.. 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. 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. 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.This is what we can do. Weve pledged 1% of sales to the preservation and restoration of the natural environment. Track orders, save products, easy hassle-free returns & exchanges. I started as a craftsman, making climbing gear for my friends and myself, then got into apparel. Hans is the Environmental Campaigns and Advocacy Director at Patagonia . 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. 0000004835 00000 n Additional Quotes from Patagonia Board of Directors, I first met Yvon when he was around 24 and today, he is almost 84. oIRcOk#v'lXvCuJp< x,Z.E>BZ,M@rcl./Na)&l 9m7e^T+%8m40**IjibSe >x2z)g$M^( KsT\)GHSqxlpJ :N;]H:n` ^ endstream endobj 2439 0 obj <>stream 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. Dam and reservoir operations also emit GHGs from several other emission points, including hydropower turbines, spillways, and downstream discharges. Ryan is the right person with the best experience and leadership approach to guide our company. But ourmission prepares us to help lead citizen activists and business people of conscious to urgently work to create a healthier planet for all life. Gellert has served as the brand's general manager of Europe, the Middle [] Before joining Patagonia, he spent 15 years at Black Diamond Equipment, where he held a number of roles, including brand president, vice president of supply chain management and managing director of Black Diamond Asia. 0000049731 00000 n Child-care stipends for parents who do not live near one of our child-care centers. 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. 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. All Rights Reserved. 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.. The Holdfast Collective owns 98% of the company and all of the nonvoting stock. Flexible shipping options are available. A founding member of 1% for the Planet, the company is recognized internationally for its product quality and environmental activism. This elite creative team also includes Tin Shed Ventures and Patagonias repair, share and recycle business, Worn Wear. Lisa Williams, who joined Patagonias product team in 2001, will assume a new executive role as head of innovation, design and merchandising. Everything we make has an impact on people and the planet. 0000007791 00000 n 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. Some Patagonia Works investments could be smaller seed investments to fledgling, responsiblecompanies in need of capital. Please remove some items to proceed. Patagonias mission statement inspired the creationof Patagonia Works, and that mission statement will be infused into each company and brand extensionwithin Patagonia Works. Learn more about our environmental and social responsibility program. 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. VENTURA, Calif. (September 24, 2020)Patagonia has selected a new chief executive officer of Patagonia Works: Ryan Gellert. Explore our guide to Patagonia. 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. Buy used, trade in and fix your gear through Worn Wear. Ryan holds a JD from the S.J. 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). We must aim for this ultimate goal: bringing wild species back to natural, self-sustaining abundance. Neither of these programs lead to self-sustaining ESA recovery goals and metrics. The company projects that it will pay out an annual dividend of roughly $100 million, depending on the health of the business. A founding member of 1% for the Planet, the company is recognized internationally for its product quality and environmental activism. Need it sooner? Lisa Williams, who joined Patagonias product team in 2001, will assume a new executive role as head of innovation, design and merchandising. Web SpecialsSave on Gear for Your Next Trip. Ayana Elizabeth Johnson, The current system of capitalism has made its gains at an enormous cost, including increasing inequality and widescale uncompensated environmental damage. Patagonia has selected a new chief executive officer of Patagonia Works: Ryan Gellert. In Ventura, Calif. ( September 24, 2020 ) Patagonia has selected a new executive! And Advocacy Director at Patagonia address, you agree to our Privacy Policy and Terms Service! Changed now is that the company 's 1 % of sales each year K. will Patagonia as a clean carbon... Company projects that it will pay out an annual dividend of roughly $ 100,... 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