It means giving parents the resources they need to work and raise children. X/brDzV(Re;>}*R~:-}/'~[>;G"M6ms.+f79\HHQ/UQ(AdH-~]DEDHDv-vQrq\/zEr u!-K(fJEp}U1:t'+:s)DtJmf}WtVOo1' .5`0JQ|iTfLpDBRZEEvS 0000002368 00000 n Our team would welcome the opportunity for more dialogue. How does Patagonia, the clothing brand, fit into Patagonia Works?Patagonia will live under the Patagonia Works umbrella. 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. 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. This is what we can do. 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. 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). 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. Message and data rates may apply. 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. Effective immediately, the Chouinard family has transferred all ownership to two new entities: Patagonia Purpose Trust and the Holdfast Collective. More recently, in 2018, we changed the companys purpose to: Were in business to save our home planet. The Patagonia Purpose Trust was created solely to protect our companys values and mission. 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. Today, my family and I are happy to launch $20 Million and Change, an internal fund to help like-minded, responsible start-up companies bring about positive benefit to the environment. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. Deb Haaland Regarding Willow Project, Earthjustice Letter to Reps. BY Sophie Mellor. September 15, 2022, 5:30 AM PDT. Concerned about the environmental impact? Yes. 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. 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). 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. Each company may leverage the following shared corporateservices: environmental, legal, finance, technology, distribution, and human resources. Will Patagonia just max out sales so it can give away more money each year. A founding member of 1% for the Planet, the company is recognized internationally for its product quality and environmental activism. Need it sooner? Who is the CEO and President of Patagonia Works?Ryan Gellert is chief executive officer (CEO) of Patagonia Works and Patagonia, Inc. Another path was to take the company public. Note: This statement was originally posted on LinkedIn. An assessment of current and projected reservoir water quality and suitability for listed fish species using available climate projections, for at least 50 years, would indicate whether or not such forecasted water quality and availability conditions can support wild, self-sustaining fish populations with the dams left in place. Executive headshots can be downloadedHERE. 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. Ayana Elizabeth Johnson, The current system of capitalism has made its gains at an enormous cost, including increasing inequality and widescale uncompensated environmental damage. But Patagonia Works has been organized primarily to incubate new companies or investments that will, through an infusion of common values, make good on our commitment to save our home planet.. 0000001780 00000 n Despite its immensity, the Earths resources are not infinite, and its clear weve exceeded its limits. 0000049772 00000 n Sign up for exclusive offers, original stories, activism awareness, events and more. Unfortunately, several participants at the hearing incorrectly characterized hydropower as a clean, carbon free resource. Rush and Upton, Jake Beaulieu et al., Methane and Carbon Dioxide Emissions from Reservoirs: Controls and Upscaling, 125 J. Geophysical Rsch. 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. 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. During that time, heelevated Patagonia to a position of leadership in Europes outdoor industry and environmental communities, overseeing all sales, marketing, environmental and operational activities for the brand. 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. In this role, she will accelerate Patagonias mission by leading breakthrough ideas in materials, carbon-capturing business models and design. 0000049731 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. Twitter Instagram Facebook Google+ | Patagonia.com. Additionally, all companieswill have direct sales as a component. Were in business to save our home planet. 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. Gellert has served as the brand's general manager of Europe, the Middle [] 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. We helped initiate the Sustainable Apparel Coalition. Ambitions dont get much bigger than that. This elite creative team also includes Tin Shed Ventures and Patagonias repair, share and recycle business, Worn Wear. 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. Hans is the Environmental Campaigns and Advocacy Director at Patagonia . Yvon Chouinard poses in front of a Patagonia store in 1993, two decades before transferring the entire ownership of the company to a nonprofit . 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. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Whats the ideal age to start teaching a kid fly fishing? But while we and others do take meaningful steps to mitigate the impact we have on the planet, Patagonias new ownership structure introduces a new model that goes far beyond anything that exists today. The Company offers clothing suitable for alpine climbing, fly fishing, hiking, skiing and snowboarding, surfing, trail running, and yoga, as well as other outdoor activities. What does this mean for Patagonia employees? Ambitions dont get much bigger than that. Find contact's direct phone number, email address, work history, and more. 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. Prior to his appointment to this global role, Ryan spent six years as Patagonias general manager of Europe, the Middle East and Africa. I dont like to think of myself as a businessman. 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.. Please reach out if you have questions about any of the above comments. 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 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). We gave away 1% of sales each year. 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. 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. Twitter Instagram Facebook Google+ | Patagonia.com. This is what we can do. In . Text STOP to cancel. 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. 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. Because we know prioritizing durability results in consuming less energy, wasting less water and creating less trash. What a disaster that would have been. 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. Resources to make informed decisions at the ballot box. If we could do the right thing while making enough to pay the bills, we could influence customers and other businesses, and maybe change the system along the way. Web SpecialsSave on Gear for Your Next Trip. Ive made no secret that I hold a fairly skeptical view of the business world. Our senior strategists, Erica Olsen and Kim Perkins, facilitated a series of eight, 1-day strategy sessions . All part-time and full-time employees also receive: Training and bail for those who peacefully protest for reproductive justice. 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. 0000008640 00000 n Williams will continue to report to the CEO in this critical new role. Additional Quotes from Patagonia Board of Directors . Business luminaries, environmental advocates and scientific pioneers guide our Board of Directors and our Science . Since 2014, he has elevated Patagonia to a position of leadership in Europes outdoor industry and environmental communities. Patagonias board of directors also made two big changes within the leadership team by elevating Jenna Johnson and Lisa Williams to larger roles. The Company offers clothing suitable for alpine climbing, fly fishing, hiking, skiing and snowboarding, surfing, trail running, and . 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. 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. And that bestows on our family a serious responsibility. Will Patagonia as a company continue to donate 1% of sales for the planet? 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. This elite creative team also includesTin Shed Venturesand Patagonias repair, share and recycle business,Worn Wear. 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. 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. 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. 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. 2023 Patagonia, Inc. All Rights Reserved. Bobby L. Rush, ChairmanHouse Subcommittee on EnergyHouse Committee on Energy & Commerce 2125 Rayburn House Office Building Washington, DC 20515, Fred Upton, Ranking MemberHouse Subcommittee on EnergyHouse Committee on Energy & Commerce 2322 Rayburn House Office Building Washington, DC 20515, Re: Hydropower Licensing Reform and Greenhouse Gas Emissions from Hydropower Facilities. , skiing and snowboarding, surfing, trail running, and human resources of also. The company offers clothing suitable for alpine climbing, fly fishing, hiking, and! Changed the companys Purpose to: Were in business to save our home planet team also Tin... Original stories, activism awareness, events and more clean, carbon resource... Less trash all part-time and full-time employees also receive: Training and bail for those who peacefully protest reproductive! 1-Day strategy sessions Jenna Johnson and Lisa Williams to larger roles founding member of 1 % of sales each.. 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