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. Three examples: Every year for 30 years, Patagonia has donated one percent of its sales to grassroots environmental organizations. Subsidized, on-site high-quality child care. Text STOP to cancel. But we couldnt be sure a new owner would maintain our values or keep our team of people around the world employed. In . when the board of directors determines that doing so may produce a material positive impact on the environment. 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. Acting together, Patagonia's board and the Patagonia Purpose Trust will work for the company's continued success over the long term while ensuring it stays true to its purpose and values. 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. Some Patagonia Works investments could be smaller seed investments to fledgling, responsiblecompanies in need of capital. Patagonia Works could be an investor, or joint-venture partner. I am honored and humbled by the opportunity and keenly aware of the responsibility to lead this company in this critical time, stated Gellert. The executive who had overseen the organization's business in Europe, the Middle East and Africa since 2014 now heads the. Founded by Yvon Chouinard in 1973, Patagonia is an outdoor apparel company based in Ventura, California. Her work focuses on fostering collaborative partnerships with a number of national nonprofits and decision-makers at the federal level to ensure access to and infrastructure for inspiring outdoor recreation opportunities. 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. 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. This is what we can do. The last line of Patagonia's mission statement is . by Patagonia. 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. Unfortunately, several participants at the hearing incorrectly characterized hydropower as a clean, carbon free resource. Despite the misguided opinions of this Court, were more determined than ever to save our home planet. Buy used, trade in and fix your gear through Worn Wear. It would also be a failure for the planet. We became a certified B Corp and a California benefit corporation, writing our values into our corporate charter so they would be preserved. Companies that create the next model of capitalism through deep commitment to purpose will attract more investment, better employees, and deeper customer loyalty. 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. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. 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. 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. Introducing Patagonia Works, a new kind of holding company. Each company may leverage the following shared corporateservices: environmental, legal, finance, technology, distribution, and human resources. Ryan has lived and worked in the United States, Asia and Europe. 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. I am dead serious about saving this planet.. Patagonias board of directors also made two big changes within the leadership team by elevating Jenna Johnson and Lisa Williams to larger roles. Patagonia has 9 current employee profiles, including VP Environmental Initiatives and Special Media Projects Rick Ridgeway. 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. September 14, 2022 Patagonias board of directors also made two big changes within the leadership team by elevating Jenna Johnson and Lisa Williams to larger roles. 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. 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. In 2000, Kristine Tompkins founded Conservacion Patagonica. Will Patagonia Works wholly own any of the companies it invests in?Not necessarily. Child-care stipends for parents who do not live near one of our child-care centers. In addition, he was a founding individual member of 1% for the Planet. Gellert has served as the brand's general manager of Europe, the Middle [] VENTURA, Calif. (September 14, 2022) Patagonia announced new ownership today, nearly 50 years since founder Yvon Chouinard began his experiment in responsible business. 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. 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. 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Who is the CEO and President of Patagonia Works?Ryan Gellert is chief executive officer (CEO) of Patagonia Works and Patagonia, Inc. Each year, profits that are not reinvested back into the business will be distributed by Patagonia as a dividend to the Holdfast Collective to help fight the climate crisis. Business luminaries, environmental advocates and scientific pioneers guide our Board of Directors and our Science . Need it sooner? The estimated base pay is $153,865 per year. 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. We ask that you hold a comment period of 120 days to allow for that input and to ensure permitting decisions are made in accordance with the Administrations climate and conservation goals. Since 2014, he has elevated Patagonia to a position ofleadership in Europes outdoor industry and environmental communities. 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. Patagonia's key executives include Ryan Gellert and 8 others. Find contact's direct phone number, email address, work history, and more. The company is owned by Chouinard and Tompkins, who are the co-founders. Instead of extracting value from nature and transforming it into wealth, we are using the wealth Patagonia creates to protect the source. 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. 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. 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. 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 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. Text STOP to cancel. Hans is the Environmental Campaigns and Advocacy Director at Patagonia . 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. Twitter Instagram Facebook Google+ | Patagonia.com. 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. Since 2014, Gellert has overseen Patagonias business in Europe, the Middle East and Africa. 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. 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. More recently, in 2018, we changed the companys purpose to: Were in business to save our home planet. Learn more about our environmental and social responsibility program. Because we know prioritizing durability results in consuming less energy, wasting less water and creating less trash. Board of Directors & Advisory Board Environmental Defense Center . VENTURA, Calif. (September 24, 2020)Patagonia has selected a new chief executive officer of Patagonia Works: Ryan Gellert. 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. These were adopted by our board of directors and shareholders for each of our US-based primary companies (Patagonia, In this role, she will accelerate Patagonias mission by leading breakthrough ideas in materials, carbon-capturing business models and design. ;"6r57dtf-Xa.9ZXyWQ%s;3eZ:u5>YLV >zO=5Qmv+d Nzym0KTCGWp:05@@6LhhdYTfNO]vGc1Y/XWqWU3Aa+::@4(M X &700 While were doing our best to address the environmental crisis, its not enough. 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. 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. 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. Patagonia Works ("Patagonia") is an outdoor apparel company with an almost 50-year history of environmental conservation and activism. Williams will continue to report to the CEO in this critical new role. 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. 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. Patagonia has been breaking the mold for decades, and now they have shattered it. 0000002888 00000 n 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. A founding member of 1% for the Planet, the company is recognized internationally for its product quality and environmental activism. By providing your email address, you agree to our Privacy Policy and Terms of Service. 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. Will Patagonia just max out sales so it can give away more money each year. What does this mean for Patagonia employees? 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.. Since 2014, he has elevated Patagonia to a position ofleadership in Europes outdoor industry and environmental communities. Patagonia has selected a new chief executive officer of Patagonia Works: Ryan Gellert. A major milestone to protect the Everglades: Utah Stream Access Coalition CALL TO ACTION: Oppose H.B. Will Patagonia as a company continue to donate 1% of sales for the planet? 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. 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. H\n0~ OnStrategy facilitated the process to develop Patagonia's 2020-25 strategic direction. The Chouinard family will guide the Patagonia Purpose Trust, electing and overseeing its leadership. How does Patagonia, the clothing brand, fit into Patagonia Works?Patagonia will live under the Patagonia Works umbrella. Soon after, the website Patagonia.com was updated to state that Earth is now our only shareholder and to include a letter from founder Yvon Chouinard. Biogeosciences 12, 19 (2020), Petition from Michael Hiatt, Earthjustice, to Michael Regan, Admr, EPA (Mar. The Patagonia Purpose Trust was created solely to protect our companys values and mission. Learn more about our environmental and social responsibility program. Now is the time for Patagonia to take the next logical step: to reach out beyond the framework of the apparel and outdoor industries. The world is literally on fire. Sign up for exclusive offers, original stories, activism awareness, events and more. One Patagonia employee serves on its board of directors and another as an advisor. Like Lost Arrow Corporation, Patagonia Works will offer its member companies value through collective services such as accounting, legal, human resources, etc. Our Company History - Patagonia Shop Activism Sports Stories Company History We guarantee everything we make. 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. 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. They are the future of business if we want to build a better world, and that future starts with what Yvon is doing now. 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