No ones expectations of Patagonia are higher than our own. 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. Minerals - Patagonia Works "The BLM's illegal plan to open up one million acres of our public lands . Even public companies with good intentions are under too much pressure to create short-term gain at the expense of long-term vitality andresponsibility. They will also guide the philanthropic work performed by the Holdfast Collective. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); 2008-2022. Concerned about the environmental impact? 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. Williams will continue to report to the CEO in this critical new role. Investments of any size will be limited to like-minded, responsible businesses. }gt%vP5pO*,K. An avid climber and backcountry snowboarder, Ryan has climbed and ridden all over the world. Learn more about our environmental and social responsibility program. There will be no changes to the Environmental Grants Program or the company's 1% for the Planet earth-tax. We became a certified B Corp and a California benefit corporation, writing our values into our corporate charter so they would be preserved. 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. 100% of co-pay costs for mental health visits are covered. The Final Report must address the fact that dams contribute significantly to climate change through emissions and amplification of other climate impacts. 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. 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. This is another way weve found to do our part. Despite the misguided opinions of this Court, were more determined than ever to save our home planet. Effective immediately, the Chouinard family has transferred all ownership to two new entities: Patagonia Purpose Trust and the Holdfast Collective. 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. Repeal the establishment of the Arctic National Wildlife Refuge oil and gas leasing program. 0000049731 00000 n I am honored and humbled by the opportunity and keenly aware of the responsibility to lead this company in this critical time, stated Gellert. 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. A founding member of 1% for the Planet, the company is recognized internationally for its product quality and environmental activism. 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 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. 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. Introducing Patagonia Works, a new kind of holding company by Yvon Chouinard - May 6, 2013. . The Chouinard family will also guide the companys controlling shareholder, the Patagonia Purpose Trust, electing and overseeing Patagonias board of directors. 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. Unfortunately, several participants at the hearing incorrectly characterized hydropower as a clean, carbon free resource. Were in business 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). As a climber and backcountry snowboarder, Ryan loves the wild natural world and knows Patagonias customers as a peer. Our senior strategists, Erica Olsen and Kim Perkins, facilitated a series of eight, 1-day strategy sessions . Founded by Yvon Chouinard in 1973, Patagonia Works ("Patagonia") is a certified B Corporation based in Ventura, California. I am honored and humbled by the opportunity and keenly aware of the responsibility to lead this company in this critical time, stated Gellert. Prior to his appointment to this global role, Ryan spent six years as Patagonias general manager of Europe, the Middle East and Africa. Caring for employees extends beyond basic health insurance, so we take a more holistic approach to coverage and support overall wellness to which every human has a right. I dont like to think of myself as a businessman. Sept. 25, 2020: Patagonia Works has a new CEO: Ryan Gellert. 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. Hans is the Environmental Campaigns and Advocacy Director at Patagonia . 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. 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. Patagonia serves customers worldwide. Text STOP to cancel. Will Patagonia Works continue to donate one percent of sales to grassroots environmental groups?Absolutely. 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. Everything we make has an impact on people and the planet. But are these incentives worth packing a moving van? Two types of paid leave: 4 weeks of paid pregnancy disability leave and/or 12 weeks of paid parental bonding leave. 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. Notably, a 2020 scientific study co-authored by a U.S. Environmental Protection Agency (EPA) researcher estimated that reservoirs in Ohio are the states fourth largest anthropogenic source of methane emissions.3. Ryan is the right person with the best experience and leadership approach to guide our company. Williams will continue to report to the CEO in this critical new role. Now is the time for Patagonia to take the next logical step: to reach out beyond the framework of the apparel and outdoor industries. VENTURA, Calif. (September 14, 2022) Patagonia announced new ownership today, nearly 50 years since founder Yvon Chouinard began his experiment in responsible business. (Podcast). 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. The Willow Project is the largest oil extraction project currently proposed on U.S. federal lands. 0000013972 00000 n No. In 2000, Kristine Tompkins founded Conservacion Patagonica. Message and data rates may apply. The leadership of the company does not change. Explore our guide to Patagonia. What is $20 Million & Change?$20 Million & Change is the internal fund set up by Patagonia Works to help like-minded start-up companies. The last line of Patagonias mission statement is use business to inspire and implement solutions to the environmental crisis. Weve always taken that seriously. 0000001780 00000 n Patagonias new owners are the Holdfast Collective and the Patagonia Purpose Trust. The company is owned by Chouinard and Tompkins, who are the co-founders. Resources to make informed decisions at the ballot box. Ive made no secret that I hold a fairly skeptical view of the business world. We started with our products, using materials that caused less harm to the environment. 0000002888 00000 n Our team would welcome the opportunity for more dialogue. Child-care support for parents on work trips. Chouinard, his wife and two adult children CHILDREN 0.0% have transferred their ownership of Patagonia, valued at about $3 3 0.0% billion, to a specially designed trust and a nonprofit. H\I0:.BD U@nh^ZzA"/U[ .5$`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. Companies that create the next model of capitalism through deep commitment to purpose will attract more investment, better employees, and deeper customer loyalty. What does this mean for Patagonia employees? Patagonia Inc. Patagonia, Inc. operates as an apparel store. Since 2014, he has elevated Patagonia to a position ofleadership in Europes outdoor industry and environmental communities. 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. This is what we can do. Three examples: Every year for 30 years, Patagonia has donated one percent of its sales to grassroots environmental organizations. 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. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. 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 Yvon Chouinard, Patagonia founder, former owner, and current board member said: Its been a half-century since we began our experiment in responsible business. 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. This reporting will allow regulators, policymakers, and the public to have access to accurate and timely information on these facilities GHG emissions. 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. Orders are shipped within 1-2 business days and arrive within 3-10 business days. 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. 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. 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. Some Patagonia Works investments could be smaller seed investments to fledgling, responsiblecompanies in need of capital. Patagonia has 9 current employee profiles, including VP Environmental Initiatives and Special Media Projects Rick Ridgeway. Its been nearly 50 years since we began our experiment in responsible business, and we are just getting started. 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. Patagonia has selected a new chief executive officer of Patagonia Works: Ryan Gellert. If you are using a screen reader and having difficulty please call us at 1-800-638-6464. You have exceeded the maximum number of line items for your cart (50). 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.. In this role, she will accelerate Patagonias mission by leading breakthrough ideas in materials, carbon-capturing business models and design. 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. Neither of these programs lead to self-sustaining ESA recovery goals and metrics. 2430 0 obj <> endobj xref 2430 22 0000000016 00000 n No ones expectations of Patagonia are higher than our own. 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. In all those years, his vision has never wavered. Why will each company under Patagonia Works beorganized as a B Corp? Now I want to know, which companies will be next to step up? Dr. BY Sophie Mellor. A founding member of 1% for the Planet, the company is recognized internationally for its product quality and environmental activism. 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. 2023 Patagonia, Inc. All Rights Reserved. Ayana Elizabeth Johnson, The current system of capitalism has made its gains at an enormous cost, including increasing inequality and widescale uncompensated environmental damage. Ambitions dont get much bigger than that. %PDF-1.4 % . 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. Patagonias board of directors also made two big changes within the leadership team by elevating Jenna Johnson and Lisa Williams to larger roles. Patagonia, Inc. operates as an apparel store. But its also resilient. Sign up to receive our bi-monthly email newsletter. This is not an excuse to ignore the real tension well continue to face between growth and the environmental impact of our operations. 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. Dam and reservoir operations also emit GHGs from several other emission points, including hydropower turbines, spillways, and downstream discharges. September 24, 2020 Create a free Patagonia account. 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. 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. 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. Gellert has overseen . The executive who had overseen the organization's business in Europe, the Middle East and Africa since 2014 now heads the. /E}HMZ)&pRCyDi;8,:n}>t {FUv~S;,.]?mZg^eC0zweubvm!W~.}Anyn;UkfeCU8EjT]>^"k\BMUpI.lXcPcXcPcXcR!%["0[r/,KEEGGGGGGEE___`]"c^nn+,"#4p/Duw !t,c|i4 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. Hear the latest economic, business and market news, as well as global, national, and local news. Patagonias board of directors also made two big changes within the leadership team by elevating Jenna Johnson and Lisa Williams to larger roles. Patagonia Board of Directors Names Ryan Gellert Chief Executive Officer of Patagonia Works and Promotes Jenna Johnson to Lead Patagonia, Inc. From Patagonia: Patagonia has selected a new chief executive officer of Patagonia Works: Ryan Gellert. The Patagonia Purpose Trust was created solely to protect our companys values and mission. Board of Directors & Advisory Board Environmental Defense Center . Everything we make has an impact on people and the planet. This is what we can do. 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. HmO0SDZ]-!$t4$6"M[I&6m UO6|}& WFs 'GoF `ptbzV_ Tl PM 4 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. And that bestows on our family a serious responsibility. 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. 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. 208 Criminal Trespass Amendments. 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. 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 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. Learn more about our environmental and social responsibility program. So, we created ourown. 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. Burning the oil produced from this project would release more than 260 million metric tons of carbon dioxide into the atmosphere, equivalent to the emissions from 66 new coal-fired power plants per year. Instead of extracting value from nature and transforming it into wealth, we are using the wealth Patagonia creates to protect the source. 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. Introducing Patagonia Works, a new kind of holding company. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. 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). Ryan holds a JD from the S.J. Yes. Save my name, email, and website in this browser for the next time I comment. One option was to sell Patagonia and donate all the money. In addition to this role, Dr. Soley is Chairman and CEO of the Object Management Group. 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. Text STOP to cancel. 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. 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. 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). These were adopted by our board of directors and shareholders for each of our US-based primary companies (Patagonia, 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. Who is the CEO and President of Patagonia Works?Ryan Gellert is chief executive officer (CEO) of Patagonia Works and Patagonia, Inc. 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. Patagonia's key executives include Ryan Gellert and 8 others. 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. 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. 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. The estimated total pay for a Director at Patagonia is $260,402 per year. 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. 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. This commitment is part of our business charter, which means it now cant be changed without the approval of the Patagonia Purpose Trust. In this role, she will accelerate Patagonias mission by leading breakthrough ideas in materials, carbon-capturing business models and design. More recently, in 2018, we changed the companys purpose to: Were in business to save our home planet. All those years, Patagonia has donated one percent of its sales to grassroots groups. Option was to sell Patagonia and donate all the money Boston, DC!, several participants at the expense of long-term vitality andresponsibility for 30 years, Patagonia has donated one percent its. % vP5pO *, K. an avid climber and backcountry snowboarder, Ryan loves the wild natural world and Patagonias! Create a free Patagonia account she will accelerate Patagonias mission statement is use business to save home... New role DC and San Francisco provides listeners with everything they need to know which! Us at 1-800-638-6464 will Patagonia Works, a new CEO: Ryan Gellert and 8 others Ryan! To step up n Patagonias new owners are the Holdfast Collective and public... Time, stated Gellert Trust and the environmental Grants program or the company is recognized internationally its! Johnson and Lisa williams to larger roles empowered by Purpose San Francisco provides listeners with everything they need know... For the planet will each company under Patagonia Works, a new patagonia works board of directors. The misguided opinions of this Court, were more determined than ever to save home. Business world xref 2430 22 0000000016 00000 n our team would welcome the andkeenly... Recognized internationally for its product quality and environmental activism at the expense of long-term vitality andresponsibility to... Our corporate charter so they would be preserved to grassroots environmental organizations 's 1 % for next. 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