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). While were doing our best to address the environmental crisis, its not enough. Since 2014, Gellert has overseen Patagonia's business in Europe, the Middle East and Africa. Message and data rates may apply. Who is the CEO and President of Patagonia Works?Ryan Gellert is chief executive officer (CEO) of Patagonia Works and Patagonia, Inc. 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. Create a free Patagonia account. But the new ownership structure provides a way to put the value that comes with responsible growth to work fighting the climate crisis. Sign up for exclusive offers, original stories, activism awareness, events and more. They will also guide the philanthropic work performed by the Holdfast Collective. A major milestone to protect the Everglades: Utah Stream Access Coalition CALL TO ACTION: Oppose H.B. 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. In this role, she will accelerate Patagonias mission by leading breakthrough ideas in materials, carbon-capturing business models and design. Heres how it works: 100% of the companys voting stock transfers to the Patagonia Purpose Trust, created to protect the companys 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. Williams will continue to report to the CEO in this critical new role. 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. We can save our planet if we commit to it. Despite the misguided opinions of this Court, were more determined than ever to save our home planet. This elite creative team also includes Tin Shed Ventures and Patagonias repair, share and recycle business, Worn Wear. 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. Please remove some items to proceed. Deb Haaland Regarding Willow Project, Earthjustice Letter to Reps. Its been nearly 50 years since we began our experiment in responsible business, and we are just getting started. 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. Board of Directors & Advisory Board Environmental Defense Center . Please remove some items to proceed. 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. The company is owned by Chouinard and Tompkins, who are the co-founders. 0000002368 00000 n
These were adopted by our board of directors and shareholders for each of our US-based primary companies (Patagonia, 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. They wanted us to both protect the purpose of the business and immediately and perpetually release more funding to fight the environmental crisis. The Patagonia Purpose Trust owns 2% of the company and all of the voting stock. This is not an excuse to ignore the real tension well continue to face between growth and the environmental impact of our operations. VENTURA, Calif. (September 24, 2020)Patagonia has selected a new chief executive officer of Patagonia Works: Ryan Gellert. by Patagonia, Kicking off its next 50 years, the company is going purpose instead of going public. Why? I am honored and humbled by the opportunity andkeenly aware of the responsibility to lead this company in this critical time, stated Gellert. Web SpecialsSave on Gear for Your Next Trip. Twitter Instagram Facebook Google+ | Patagonia.com. In addition to this role, Dr. Soley is Chairman and CEO of the Object Management Group. Text HELP for help. Patagonia, Inc. operates as an apparel store. 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. Flexible shipping options are available. I look forward to working with you and other partners from the government, NGOs and private sector to support climate action in our communities. 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. Resources to make informed decisions at the ballot box. And, I am certain we will also have some fun along the way.. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Whats the ideal age to start teaching a kid fly fishing? The Company offers clothing suitable for alpine climbing, fly fishing, hiking, skiing and snowboarding, surfing, trail running, and . 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. 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. 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. It means supporting employees choices around if or when they have a child. 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. Our Board of Directors Carolyn Shafer, President, has been part of the PARA board since 2012. Ryan is the right person with the best experience and leadership approach to guide our company. Current Lower Snake River Dam fish mitigation measures rely heavily on hatchery production and non-volitional fish passage programs. The company projects that it will pay out an annual dividend of roughly $100 million, depending on the health of the business. Patagonias board of directors also made two big changes within the leadership team by elevating Jenna Johnson and Lisa Williams to larger roles. In 2012 we became one of Californias first B Corps (benefit corporations), which means that the values that helped make our company successful are now etched into our legal charter. As the business leader I never wanted to be, I am doing my part. Buy used, trade in and fix your gear through Worn Wear. Three examples: Every year for 30 years, Patagonia has donated one percent of its sales to grassroots environmental organizations. Unfortunately, several participants at the hearing incorrectly characterized hydropower as a clean, carbon free resource. The family will also guide the philanthropic work performed by the Holdfast Collective. With 20 years as an outdoor industry professional, and as a lifelong climber and someone who enjoys biking, running and skiing, she has deep roots in Patagonias sport communities. Ryan Gellert has been named the new CEO of Patagonia Works- he has a proven track record and heaps of experience in leadership, international business, and the daily functioning of Patagonia, as well as their future goals. For example, a scientific study shows that Hoover Dam and Lake Mead emit approximately 12.3 million metric tons of carbon dioxide equivalent (CO2e) annually, while Kentucky Lake annually emits over 1.8 million metrics tons of CO2e.2 Moreover, the collective GHG emissions of dams and reservoirs are significant. Orders are shipped within 1-2 business days and arrive within 3-10 business days. HmO0SDZ]-!$t4$6"M[I&6m
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'GoF `ptbzV_ Tl PM 4 One Patagonia employee serves on its board of directors and another as an advisor. 208 Criminal Trespass Amendments. 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. Dont worry, we'll only contact you about activism here. 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. 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. In 2018, we changed our official reason for being to amplify . 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. Since 2014, Gellert has overseen Patagonias business in Europe, the Middle East and Africa. Like Lost Arrow Corporation, Patagonia Works will offer its member companies value through collective services such as accounting, legal, human resources, etc. Reduce inequity by targeting climate and clean energy investments in disadvantaged and frontline communities. Create a free Patagonia account. 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. View Ironclad Guarantee Know how your clothes are made. Could Patagonia Works be considered an incubator for environmentally and socially responsiblecompanies?Absolutely. Twitter Instagram Facebook Google+ | Patagonia.com. I started as a craftsman, making climbing gear for my friends and myself, then got into apparel. Learn more about our environmental and social responsibility program. Lisa Williams, who joined Patagonias product team in 2001, will assume a new executive role as head of innovation, design and merchandising. Track orders, save products, easy hassle-free returns & exchanges. Yvon Chouinard poses in front of a Patagonia store in 1993, two decades before transferring the entire ownership of the company to a nonprofit . 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. Ryan holds a JD from the S.J. 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. an organization of companies that produces more than a third of the clothing and footwear on the planet. This is another way weve found to do our part. 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. Minerals - Patagonia Works "The BLM's illegal plan to open up one million acres of our public lands . It means giving parents the resources they need to work and raise children. Repeal the establishment of the Arctic National Wildlife Refuge oil and gas leasing program. Yvon Chouinard, Patagonia founder, former owner, and current board member said: Its been a half-century since we began our experiment in responsible business. 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. If you are using a screen reader and having difficulty please call us at 1-800-638-6464. 0000001780 00000 n
The petition requests that EPA require dam and reservoir facilitiesincluding hydropower facilitiesto report their annual GHG emissions to EPA and the public. Williams will continue to report to the CEO in this critical new role. But are these incentives worth packing a moving van? 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 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). Two types of paid leave: 4 weeks of paid pregnancy disability leave and/or 12 weeks of paid parental bonding leave. See the original here. 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. The world is literally on fire. }gt%vP5pO*,K.
Instead of extracting value from nature and transforming it into wealth, we are using the wealth Patagonia creates to protect the source. More recently, in 2018, we changed the companys purpose to: Were in business to save our home planet. It owns all of the voting stock of the company, which gives it the right to approve key company decisions, like who sits on the board of directors and what changes can be made to the companys legal charter, including its reason for being and B Corp commitments. Founded by Yvon Chouinard in 1973, Patagonia is an outdoor apparel company based in Ventura, California. H\n0~ But these companies must share our core values and their work must help provide solutions to the environmental crisis. A copy of the rulemaking petition to EPA is attached, and we are happy to provide additional information on this issue. Additional Quotes from Patagonia Board of Directors . Patagonia serves customers worldwide. The leadership of the company does not change. 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. ;"6r57dtf-Xa.9ZXyWQ%s;3eZ:u5>YLV >zO=5Qmv+d Nzym0KTCGWp:05@@6LhhdYTfNO]vGc1Y/XWqWU3Aa+::@4(M
X &700 All Rights Reserved. Patagonia Works could be an investor, or joint-venture partner. 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. 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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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. Our senior strategists, Erica Olsen and Kim Perkins, facilitated a series of eight, 1-day strategy sessions . A-Rod, Marc Lore Raise Funds for Startup to Take on Ticketmaster, Richest German Getting $4.5 Billion Has Eye on UK Property, Bank of England Governor Signals Rate Rises May Be Needed, Italy Forced to Revise Deficits in Superbonus Tax-Break Legacy, ECB Should Reach Terminal Rate by September at Latest, Villeroy Says, Qatari Sheikh Says Hes No Football Fan as Son Chases Man United, Forget Chatbots, This Is How Corporate America Is Really Using AI, Twitch Streamer Kai Cenat Breaks Platforms Subscription Record, Bain Capital Ventures Closes $1.9 Billion inTech Investment Funds, Meta Accused of Trying to Extinguish Cambridge Analytica Claims, What You Need to Know About Nigerias New Leader Tinubu, China Leaders Surprised by Pace of Economys Rebound, Worlds Rich Take Advantage as $1 TrillionProperty Market Craters, The Only HackforHotel Discounts That Still Works Right Now, Dubais Luxury Property Market Is Closing In on New York, London, Feds Credibility Cant Take a Soft Landing, Wall Street Traders Have Lost Much of Their Swagger, Musk Was Right About Tesla Rivals Losing Billions, From Chips to TikTok, Gina Raimondo Is at the Center of Bidens China Policy, Russian Airlines Are Still Flying High Despite Sanctions, The NFLsTop Talent Agency Bought by Venture Investors, BNP Ordered to Pay A Banker Fired Years After Alleged Sexual Harassment, A New Era of Books Helps Black Workers Navigate Corporate America, Power of Trees and Soil to Absorb Carbon May Be Waning, Experts Warn, BlocPower Raises Funding to Expand Green Building Retrofits, Richest Atlanta District Inches Closer to Seceding From City, NYCs Shadow TransitNetwork SeeksaGreenerFuture, Kansas Citys $1.5 Billion Airport Renovation Spurs Hopes for Business Boom, Singapore Crypto Lender Hodlnaut's Founders Propose Selling Business Rather Than Liquidating Firm, Celsius Examiner Report Mentions FTX More Than 150 Times. Patagonia Works ("Patagonia") is a certified B Corporation based in Ventura, California. As a climber and backcountry snowboarder, he loves the wild natural world and knows Patagonias customers as a peer. Voting stock has both economic value and decision-making authority. Business luminaries, environmental advocates and scientific pioneers guide our Board of Directors and our Science . Since 2014, he has elevated Patagonia to a position ofleadership in Europes outdoor industry and environmental communities. Some Patagonia Works investments could be smaller seed investments to fledgling, responsiblecompanies in need of capital. I believe this plan that he and his family helped create is tectonic. A founding member of 1% for the Planet, the company is recognized internationally for its product quality and environmental activism. 0000013972 00000 n
Start-up or angel investments may be made in companies outside Patagonia Works that are not B Corps,members of 1% for the Planet or subscribers to a social and environmental performance index. 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). Ambitions dont get much bigger than that. 0000006513 00000 n
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. Founded by Yvon Chouinard in 1973, Patagonia Works ("Patagonia") is a certified B Corporation based in Ventura, California. That said, Patagonia, the company my wife and I founded four decades ago, has grown up to by global standards a medium-size business. 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. 0000049772 00000 n
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