Seize the opportunity to lead the world in clean energy manufacturing and deployment to create jobs, strengthen supply chains and reduce costs for customers. Because we know prioritizing durability results in consuming less energy, wasting less water and creating less trash. HmO0SDZ]-!$t4$6"M[I&6m UO6|}& WFs 'GoF `ptbzV_ Tl PM 4 Effective immediately, the Chouinard family has transferred all ownership to two new entities: Patagonia Purpose Trust and the Holdfast Collective. Orders are shipped within 1-2 business days and arrive within 3-10 business days. Patagonias new owners are the Holdfast Collective and the Patagonia Purpose Trust. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Whats the ideal age to start teaching a kid fly fishing? Biogeosciences 12, 19 (2020), Petition from Michael Hiatt, Earthjustice, to Michael Regan, Admr, EPA (Mar. 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. 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). 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. Resources to make informed decisions at the ballot box. The world is literally on fire. 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.. 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. 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. Everything we make has an impact on people and the planet. 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. Ambitions dont get much bigger than that. 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 The stakes could not be higher. Weve pledged 1% of sales to the preservation and restoration of the natural environment. Founded by Yvon Chouinard in 1973, Patagonia Works ("Patagonia") is a certified B Corporation based in Ventura, California. Patagonias board of directors also made two big changes within the leadership team by elevating Jenna Johnson and Lisa Williams to larger roles. Child-care stipends for parents who do not live near one of our child-care centers. Patagonias board of directors also made two big changes within the leadership team by elevating Jenna Johnson and Lisa Williams to larger roles. No ones expectations of Patagonia are higher than our own. 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. 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. Gellert has served as the brand's general manager of Europe, the Middle [] I am honored and humbled by the opportunity andkeenly aware of the responsibility to lead this company in this critical time, stated Gellert. Christopher van Tienhoven was appointed to the Patagonia Board on June 10, 2015. Its unique ownership structure reflects that Earth is its only . Ryan holds a JD from the S.J. Ive made no secret that I hold a fairly skeptical view of the business world. If we want to protect nature and support communities, businesses cant continue to adhere to the prevailing economic model. Another path was to take the company public. 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. Yvon Chouinard, Patagonia founder, former owner, and current board member said: Its been a half-century since we began our experiment in responsible business. Patagonia will remain a B Corp and continue to give one percent of sales each year to grassroots activists. By providing your email address, you agree to our Privacy Policy and Terms of Service. The last line of Patagonias mission statement is use business to inspire and implement solutions to the environmental crisis. Weve always taken that seriously. Buy used, trade in and fix your gear through Worn Wear. Need it sooner? 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. Rick Ridgeway VP Environmental Initiatives and Special Media Projects Ed Auman Business Unit Director- Fieldwear Ryan Gellert Chief Executive Officer Cory Bayers Vice President Global Marketing Yvon Chouinard Founder 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. Patagonia respectfully asks the Bureau of Land Management and Biden Administration to require a comprehensive review of the climate and conservation consequences of the Willow Project. 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. 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. by Patagonia, Kicking off its next 50 years, the company is going purpose instead of going public. 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. Learn more about our environmental and social responsibility program. Since 2014, Gellert has overseen Patagonias business in Europe, the Middle East and Africa. This elite creative team also includes Tin Shed Ventures and Patagonias repair, share and recycle business, Worn Wear. 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). Failure to recover endangered salmonids would be a failure to honor treaties between the U.S. government and tribes. PATAGONIA WORKS FISCAL YEAR 2013 7 In 2011, in preparation for our conversion to a benefit corporation, Patagonia developed specific public benefit purposes to reflect our values and mission. Text STOP to cancel. We gave away 1% of sales each year. Two types of paid leave: 4 weeks of paid pregnancy disability leave and/or 12 weeks of paid parental bonding leave. 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. How does Patagonia, the clothing brand, fit into Patagonia Works?Patagonia will live under the Patagonia Works umbrella. OnStrategy facilitated the process to develop Patagonia's 2020-25 strategic direction. Since 2014, he has elevated Patagonia to a position of leadership in Europes outdoor industry and environmental communities. Now I want to know, which companies will be next to step up? Dr. It means giving parents the resources they need to work and raise children. 100% of co-pay costs for mental health visits are covered. It means supporting employees choices around if or when they have a child. Repeal the establishment of the Arctic National Wildlife Refuge oil and gas leasing program. 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. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. These were adopted by our board of directors and shareholders for each of our US-based primary companies (Patagonia, That said, Patagonia, the company my wife and I founded four decades ago, has grown up to by global standards a medium-size business. 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 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. In this role, she will accelerate Patagonias mission by leading breakthrough ideas in materials, carbon-capturing business models and design. 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. 208 Criminal Trespass Amendments. 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. September 24, 2020 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. What does this mean for Patagonia employees? Could Patagonia Works be considered an incubator for environmentally and socially responsiblecompanies?Absolutely. 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. Prior to his appointment to this global role, Ryan spent six years as Patagonias general manager of Europe, the Middle East and Africa. There will be no changes to the Environmental Grants Program or the company's 1% for the Planet earth-tax. And that bestows on our family a serious responsibility. Even public companies with good intentions are under too much pressure to create short-term gain at the expense of long-term vitality andresponsibility. In addition to this role, Dr. Soley is Chairman and CEO of the Object Management Group. This elite creative team also includesTin Shed Venturesand Patagonias repair, share and recycle business,Worn Wear. The estimated total pay for a Director at Patagonia is $260,402 per year. In all those years, his vision has never wavered. You have exceeded the maximum number of line items for your cart (50). 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. 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. But are these incentives worth packing a moving van? 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. wBDX4@m@4QP^ ty.`9 h$30B@l & c}/NL/%2k0[2n:xQ1S)(LNd"QJjFcN=BiEg`hb~6EeM?xTe` z endstream endobj 2450 0 obj <>/Filter/FlateDecode/Index[174 2256]/Length 67/Size 2430/Type/XRef/W[1 1 1]>>stream X/brDzV(Re;>}*R~:-}/'~[>;G"M6ms.+f79\HHQ/UQ(AdH-~]DEDHDv-vQrq\/zEr u!-K(fJEp}U1:t'+:s)DtJmf}WtVOo1' .5`0JQ|iTfLpDBRZEEvS Reduce inequity by targeting climate and clean energy investments in disadvantaged and frontline communities. 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. 0000004835 00000 n We became a certified B Corp and a California benefit corporation, writing our values into our corporate charter so they would be preserved. 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