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MYSTERIOUS: 2 - What They Never Told You

Has Patagonia defined a new gold standard for business responsibility?

Patagonia’s founder Yvon Chouinard made headlines recently with the decision to give his family’s $3 billion company, and its future profits, to the fight against climate change. In his words, “Earth is now the company’s only shareholder.”

The Conversation

Why Patagonia’s “purpose” model reveals fashion’s biggest hurdle to sustainability

Going forward, all of Patagonia’s profits, some $100 million annually, will fund efforts to address climate change and advance wilderness preservation, the company announced on September 14, 2022.

Inverse

5 bits of good news you might have missed this week - including Alzheimer's breakthrough

The news has been pretty bleak lately and it's been hard to keep up with all the sombre events that have been going on, so you may have missed a few stories that could make you a bit more hopeful for the future

Daily Mirror

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Why Patagonia's purpose-driven business model is unlikely to spread

Patagonia founder Yvon Chouinard, his wife, Malinda, and their two adult children no longer own the outdoor gear and apparel company. But based on my experience as a former executive who is now an adviser and lecturer focused on sustainability, I don’t expect many other U.S.-based companies to follow their…

The Conversation

Nina Metz: Can TV spare a thought for the anti-‘Succession’ and the un-‘Billions’?

Last week, Yvon Chouinard, the billionaire owner of outdoor clothing retailer Patagonia, announced he was transferring ownership of his company to a trust. Going forward, the company’s profits — somewhere in the neighborhood of $100 million a year — will be used to combat climate change.

Chicago Tribune

Patagonia's founder has given his company away to fight climate change and advance conservation: 5 questions answered

Patagonia founder Yvon Chouinard, his wife and their two adult children have irrevocably transferred their ownership of the outdoor apparel company to a set of trusts and nonprofit organizations.

The Conversation

How investments in the Earth’s future should be made by Patagonia and others

Letter: Yvon Chouinard’s donation of his $3bn company is a step to kickstart change, but global actions are needed, writes Prof Phoebe Barnard of Stable Planet Alliance

The Guardian - UK

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Patagonia’s radical business move is great – but governments, not billionaires, should be saving the planet

We cannot simply stand back and hope that the elite will give away their wealth to tackle the climate emergency, says academic Carl Rhodes

The Guardian - UK

The Weekly Wrap for Saturday, 17 September 2022

Inflation lunged sideways, stocks dropped all over the shop, the European Union massaged its slapping hand, and Adobe suite went brrr.

inkl Originals

Will King Charles follow the lead of Patagonia owner’s $3bn giveaway?

Letter: The Duchy of Cornwall’s business interests could be given to a trust to benefit the environment, suggests Prof Alan Bleakley

The Guardian - UK

Patagonia founder gives away £2.6bn empire to tackle climate change

Billionaire Yvon Chouinard has transferred the ownership of the company he founded to a tailored not for profit organisation

Wales Online

Yvon Chouinard – the ‘existential dirtbag’ who founded and gifted Patagonia

Self-proclaimed craftsman built outdoor clothing company to help climbers and offer ‘enjoyable’ working conditions

The Guardian - UK

Patagonia's founder gives away company to help combat climate change

Ownership is now split between a trust and nonprofit organization to prove Chouinard is "dead serious" about saving the planet.

Input

Patagonia owner gives away business to fight climate change

The billionaire founder of outdoor clothing brand Patagonia says he has given away his company to a charitable trust to help fight climate change. Yvon Chouinard said the arrangement meant any profit not reinvested in running the business would go to environmental measures and campaigning. He estimated this would amount…

Evening Standard

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The Independent UK

Patagonia founder gives company away to environmental trusts

The founder of outdoor gear company Patagonia, long known for environmental activism, says the company is transferring all of the its voting shares into a trust “dedicated to fighting the environmental crisis and defending nature.”

Daily Mirror

Eccentric billionaire Patagonia founder giving away ENTIRE £2.6billion empire

In an effort to tackle climate change Patagonia's founder has Yvon Chouinard has transferred the ownership to a tailored not for profit organisation which will see profits used to save the planet

Evening Standard

Who is Yvon Chouinard? Patagonia founder giving up company to fight climate change

Any profit not reinvested in the company will go towards fighting climate change

Evening Standard

Patagonia’s billionaire owner gives away company to fight climate change

Yvon Chouinard said any profit not reinvested into business will go into fighting climate crisis

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Bangkok Post

Billionaire Patagonia founder gives away company

A half-century after founding the outdoor apparel maker Patagonia, Yvon Chouinard, the eccentric rock climber who became a reluctant billionaire with his unconventional spin on capitalism, has given the company away.

WEKU

The founder of Patagonia is giving his company away to help fight climate change

Patagonia founder Yvon Chouinard says he will give his company over to a trust, with future profits being donated to causes fighting climate change.

Salon

Patagonia founder donates entire company

The company is said to be worth upwards of $3 billion

Tribune News Service

Patagonia founder donates company to environmental causes

The founder of outdoor clothing retailer Patagonia announced Wednesday that its profits would all go toward fighting climate change and conserving land.

The Guardian - US

Patagonia’s billionaire owner gives away company to fight climate crisis

Founder Yvon Chouinard announced that all the company’s profits will go into saving the planet

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