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. 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. What is the Holdfast Collective and what does it do? Neither of these programs lead to self-sustaining ESA recovery goals and metrics. Text STOP to cancel. While were doing our best to address the environmental crisis, its not enough. The Chouinard family will also guide the companys controlling shareholder, the Patagonia Purpose Trust, electing and overseeing Patagonias board of directors. 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. Resources to make informed decisions at the ballot box. September 24, 2020 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. In 2000, Kristine Tompkins founded Conservacion Patagonica. 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. But its also resilient. Since 2014, he has elevated Patagonia to a position of leadership in Europes outdoor industry and environmental communities. 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. 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. 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. 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. Sign up for exclusive offers, original stories, activism awareness, events and more. 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. And, I am certain we will also have some fun along the way.. The company is owned by Chouinard and Tompkins, who are the co-founders. You have exceeded the maximum number of line items for your cart (50). 0000003522 00000 n
Since 2014, Gellert has overseen Patagonias business in Europe, the Middle East and Africa. 0000009506 00000 n
Ryan holds a JD from the S.J. 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. Our senior strategists, Erica Olsen and Kim Perkins, facilitated a series of eight, 1-day strategy sessions . Everything we make has an impact on people and the planet. The executive who had overseen the organization's business in Europe, the Middle East and Africa since 2014 now heads the. Lisa Williams, who joined Patagonias product team in 2001, will assume a new executive role as head of innovation, design and merchandising. Biogeosciences 12, 19 (2020), Petition from Michael Hiatt, Earthjustice, to Michael Regan, Admr, EPA (Mar. 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. Track orders, save products, easy hassle-free returns & exchanges. Concerned about the environmental impact? Patagonia is a Certified Benefit Corporation that has contributed more than $145 million to grassroots nonprofits working to protect people and the planet. Before joining Patagonia, he spent 15 years at Black Diamond Equipment, where he held a number of roles, including brand president, vice president of supply chain management and managing director of Black Diamond Asia. The leadership of the company does not change. Will Patagonia Works continue to donate one percent of sales to grassroots environmental groups?Absolutely. As a 501(c)(4) not-for-profit organization, the Collective can advocate for causes and political candidates in addition to making grants and investments in our planet. In 2018, we changed our official reason for being to amplify . But while we and others do take meaningful steps to mitigate the impact we have on the planet, Patagonias new ownership structure introduces a new model that goes far beyond anything that exists today. Companies that create the next model of capitalism through deep commitment to purpose will attract more investment, better employees, and deeper customer loyalty. oIRcOk#v'lXvCuJp< x,Z.E>BZ,M@rcl./Na)&l 9m7e^T+%8m40**IjibSe >x2z)g$M^( KsT\)GHSqxlpJ :N;]H:n` ^
endstream
endobj
2439 0 obj
<>stream
Will Patagonia just max out sales so it can give away more money each year. Buy used, trade in and fix your gear through Worn Wear. They will also guide the philanthropic work performed by the Holdfast Collective. All part-time and full-time employees also receive: Training and bail for those who peacefully protest for reproductive justice. Nonvoting stock carries economic value but not decision-making authority. 0000005669 00000 n
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. 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. 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.. Why will each company under Patagonia Works beorganized as a B Corp? It means giving parents the resources they need to work and raise children. In this role, she will accelerate Patagonias mission by leading breakthrough ideas in materials, carbon-capturing business models and design. 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. Additionally, all companieswill have direct sales as a component. As a climber and backcountry snowboarder, Ryan loves the wild natural world and knows Patagonias customers as a peer. 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. Who is the CEO and President of Patagonia Works?Ryan Gellert is chief executive officer (CEO) of Patagonia Works and Patagonia, Inc. Some Patagonia Works investments could be smaller seed investments to fledgling, responsiblecompanies in need of capital. }gt%vP5pO*,K.
Deb Haaland Regarding Willow Project, Earthjustice Letter to Reps. (Podcast). 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. Continuing to disregard this issue would ignore an important factor regarding future hydropower decisions and further exacerbate the climate crisis. 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. Ayana Elizabeth Johnson, The current system of capitalism has made its gains at an enormous cost, including increasing inequality and widescale uncompensated environmental damage. 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. 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. 0000004050 00000 n
0000049772 00000 n
Patagonia does not have a board of directors. We gave away 1% of sales each year. Alongside this announcement, Jenna Johnson has been promoted from leader of Patagonias technical outdoor biz to Head of Patagonia Inc. Press Release: Despite its immensity, the Earths resources are not infinite, and its clear weve exceeded its limits. 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. What is Patagonia Works?Patagonia Works succeeds Lost Arrow Corporation as the holding company for Patagonia, Inc. (apparel), Patagonia Provisions (food), Patagonia Media (books, films and multimedia projects), and future investments and joint ventures. Why? when the board of directors determines that doing so may produce a material positive impact on the environment. Will Patagonia as a company continue to donate 1% of sales for the planet? If we want to protect nature and support communities, businesses cant continue to adhere to the prevailing economic model. 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. H\I0:.BD
U@nh^ZzA"/U[
.5$`UG*G7-U\=,q#h9pw> /:$ 6`o*F*P`
xXioo_B48
=7PnkxMAech9s"0`Ml~j.ji;y\F/\eZ{PpWa0~Y:jlO-w'!xYh=8~^US8J+wD. Message and data rates may apply. BY Sophie Mellor. Twitter Instagram Facebook Google+ | Patagonia.com. The last line of Patagonia's mission statement is . Since 2014, he has elevated Patagonia to a position ofleadership in Europes outdoor industry and environmental communities. an organization of companies that produces more than a third of the clothing and footwear on the planet. `
endstream
endobj
2438 0 obj
<>stream
%PDF-1.4
%
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. 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. 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. Sign up for exclusive offers, original stories, activism awareness, events and more from Patagonia. 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. Ryan Gellert, CEO of Patagonia and Patagonia board member said: Ambitions dont get much bigger than that. September 14, 2022 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. 0000049731 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. Web SpecialsSave on Gear for Your Next Trip. 0000002368 00000 n
These were adopted by our board of directors and shareholders for each of our US-based primary companies (Patagonia, 0000010398 00000 n
Patagonia's Chief Executive Officer is Ryan Gellert. Most significantly, every dollar that is not reinvested back into Patagonia will be distributed as dividends to protect the planet. 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. Patagonia has long taken. Gellert has served as the brand's general manager of Europe, the Middle [] The last line of Patagonias mission statement is use business to inspire and implement solutions to the environmental crisis. Weve always taken that seriously. Ambitions dont get much bigger than that. Gellert has overseen . Patagonias new owners are the Holdfast Collective and the Patagonia Purpose Trust. The Willow Project is the largest oil extraction project currently proposed on U.S. federal lands. If you are using a screen reader and having difficulty please call us at 1-800-638-6464. 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. Patagonias mission statement inspired the creationof Patagonia Works, and that mission statement will be infused into each company and brand extensionwithin Patagonia Works. Two types of paid leave: 4 weeks of paid pregnancy disability leave and/or 12 weeks of paid parental bonding leave. The estimated additional pay is $106,537 per year. It will make the company more competitive and its employees around the world will forever be empowered by purpose. Kristine McDivitt Tompkins, Every time you read a new scientific report, it's clear the climate crisis is happening faster than we thought and it's worse than we thought. 0000001780 00000 n
Concerned about the environmental impact? 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. Explore our guide to Patagonia. 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. 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). 0000001559 00000 n
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. 2023 Patagonia, Inc. All Rights Reserved. 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. I believe this plan that he and his family helped create is tectonic. This elite creative team also includes Tin Shed Ventures and Patagonias repair, share and recycle business, Worn Wear. Patagonia has been breaking the mold for decades, and now they have shattered it. 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. Sign up for exclusive offers, original stories, activism awareness, events and more from Patagonia. 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. Create a free Patagonia account. But are these incentives worth packing a moving van? No. We can save our planet if we commit to it. Biogeosciences 12, 19 (2020), 4Petition from Michael Hiatt, Earthjustice, to Michael Regan, Admr, EPA (Mar. 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. As the business leader I never wanted to be, I am doing my part. They wanted us to both protect the purpose of the business and immediately and perpetually release more funding to fight the environmental crisis. Orders are shipped within 1-2 business days and arrive within 3-10 business days. In this role, she will accelerate Patagonias mission by leading breakthrough ideas in materials, carbon-capturing business models and design. In addition to this role, Dr. Soley is Chairman and CEO of the Object Management Group. This is not an excuse to ignore the real tension well continue to face between growth and the environmental impact of our operations. In addition, he was a founding individual member of 1% for the Planet. 2430 0 obj
<>
endobj
xref
2430 22
0000000016 00000 n
But the new ownership structure provides a way to put the value that comes with responsible growth to work fighting the climate crisis. 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. Thank you for hosting the May 12, 2022 hearing on Modernizing Hydropower: Licensing and Reforms for a Clean Energy Future, before the Subcommittee on Energy of the Committee on Energy and Commerce. Patagonia serves customers worldwide. Ambitions dont get much bigger than that. The estimated base pay is $153,865 per year. This is what we can do. 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. Yes. 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. Text HELP for help. 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. This commitment is part of our business charter, which means it now cant be changed without the approval of the Patagonia Purpose Trust. That said, Patagonia, the company my wife and I founded four decades ago, has grown up to by global standards a medium-size business. During his 25 years' experience in the mining industry, Mr. van Tienhoven worked for the majority of his career with the Anglo American group in various countries, culminating as Country Manager and President of Anglo Gold Ashanti's Cerro Vanguardia mine. The funding will come from Patagonia: Each year, the money we make after reinvesting in the business will be distributed as a dividend to help fight the crisis. Since 2014, Gellert has overseen Patagonias business in Europe, the Middle East and Africa. Investments of any size will be limited to like-minded, responsible businesses. 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. 0000008640 00000 n
Founded by Yvon Chouinard in 1973, Patagonia Works ("Patagonia") is a certified B Corporation based in Ventura, California. Lisa Williams, who joined Patagonias product team in 2001, will assume a new executive role as head of innovation, design and merchandising. o Current loss of carbon sequestration from submerged landscapes and riparian forests downstream, and potential gains in carbon storage from restoration of those same landscapes. Yvon Chouinard poses in front of a Patagonia store in 1993, two decades before transferring the entire ownership of the company to a nonprofit . 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. 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. Child-care stipends for parents who do not live near one of our child-care centers. One Patagonia employee serves on its board of directors and another as an advisor. In all those years, his vision has never wavered. Patagonia has selected a new chief executive officer of Patagonia Works: Ryan Gellert. Web SpecialsSave on Gear for Your Next Trip. Since 2014, Gellert has overseen Patagonia's business in Europe, the Middle East and Africa. Ryan is the right person with the best experience and leadership approach to guide our company. Patagonia Works will also serve as an umbrella for new businesses the company invests in or develops in the future. 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. Acting together, Patagonias board and the Patagonia Purpose Trust will work for the companys continued success over the long term while ensuring it stays true to its purpose and values. Instead of extracting value from nature and transforming it into wealth, we are using the wealth Patagonia creates to protect the source. The world is literally on fire. Weve pledged 1% of sales to the preservation and restoration of the natural environment. What a disaster that would have been. 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. Angling Trade E-Survey: Whats the ideal age to start teaching a kid fly fishing? What is Patagonia Works? Despite the misguided opinions of this Court, were more determined than ever to save our home planet. 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). Williams will continue to report to the CEO in this critical new role. I started as a craftsman, making climbing gear for my friends and myself, then got into apparel. 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. HmO0SDZ]-!$t4$6"M[I&6m
UO6|}&
WFs
'GoF `ptbzV_ Tl PM 4 Sign up to receive our bi-monthly email newsletter. 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. In order to truly understand and compare the climate-related costs and benefits of dam removal vs. continued dam operation, we need to quantify or at least estimate these climate impacts, over 50 years, including: o Annual and projected carbon equivalent emissions from dam and reservoir operations. 0000003088 00000 n
Unfortunately, several participants at the hearing incorrectly characterized hydropower as a clean, carbon free resource. Patagonia, Inc. operates as an apparel store. 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. 0000007081 00000 n
We are committed to the lifelong work of being better anti-racists and to being more inclusive as we live up to our mission of saving the planet, said Kris Tompkins, who was Patagonias first CEO and currently serves on the companys board of directors. Text HELP for help. Twitter Instagram Facebook Google+ | Patagonia.com. Another path was to take the company public. 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. The Holdfast Collective owns 98% of the company and all of the nonvoting stock. I never wanted to be a businessman. 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. Flexible shipping options are available. Patagonia's key executives include Ryan Gellert and 8 others. Patagonia Works ("Patagonia") is an outdoor apparel company with an almost 50-year history of environmental conservation and activism. Twitter Instagram Facebook Google+ | Patagonia.com. 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. 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. 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. A founding member of 1% for the Planet, the company is recognized internationally for its product quality and environmental activism. Founded by Yvon Chouinard in 1973, Patagonia Works (Patagonia) is a certified B Corporation based in Ventura, California. Please remove some items to proceed. Need it sooner? View Robert Tadlock's business profile as IP Counsel & Director, Brand Protection at Patagonia.