The Holdfast Collective owns 98% of the company and all of the nonvoting stock. Patagonia Works could be an investor, or joint-venture partner. Ryan is the right person with the best experience and leadership approach to guide our company. While were doing our best to address the environmental crisis, its not enough. 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. 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. Lisa Williams, who joined Patagonias product team in 2001, will assume a new executive role as head of innovation, design and merchandising. The estimated base pay is $153,865 per year. Ryan has lived and worked in the United States, Asia and Europe. 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. 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. Patagonia Inc. Patagonia, Inc. operates as an apparel store. The last line of Patagonias mission statement is use business to inspire and implement solutions to the environmental crisis. Weve always taken that seriously. Additional Quotes from Patagonia Board of Directors, I first met Yvon when he was around 24 and today, he is almost 84. Where restrictions exist, travel, lodging and food are covered. 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. Patagonia, Inc. operates as an apparel store. 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. The negotiations over the Build Back Better budget reconciliation package have identified a critical list of funding priorities to help address the climate crisis and move our country toward President Bidens goal of 100 percent clean electricity by 2035, which will be even more important in the wake of last weeks Supreme Court decision in the West Virginia v. EPA case. 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. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); 2008-2022. Angling Trade, LLC. 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. 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. Orders are shipped within 1-2 business days and arrive within 3-10 business days. Introducing Patagonia Works, a new kind of holding company. Need it sooner? 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. Patagonia is a Certified Benefit Corporation that has contributed more than $145 million to grassroots nonprofits working to protect people and the planet. . Learn more about our environmental and social responsibility program. 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. o Annual and projected carbon equivalent emissions from mitigation programs, including fish hatcheries, non-volitional fish passage, and sediment management. One option was to sell Patagonia and donate all the money. 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. OnStrategy facilitated the process to develop Patagonia's 2020-25 strategic direction. 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. Ryan Gellert, CEO of Patagonia and Patagonia board member said: Text HELP for help. A copy of the rulemaking petition to EPA is attached, and we are happy to provide additional information on this issue. Our team would welcome the opportunity for more dialogue. when the board of directors determines that doing so may produce a material positive impact on the environment. 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). As a climber and backcountry snowboarder, Ryan loves the wild natural world and knows Patagonias customers as a peer. Executive headshots can be downloadedHERE. Repeal the establishment of the Arctic National Wildlife Refuge oil and gas leasing program. Three examples: Every year for 30 years, Patagonia has donated one percent of its sales to grassroots environmental organizations. 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. Will Patagonia Works continue to donate one percent of sales to grassroots environmental groups?Absolutely. The estimated additional pay is $106,537 per year. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Whats the ideal age to start teaching a kid fly fishing? In this role, she will accelerate Patagonias mission by leading breakthrough ideas in materials, carbon-capturing business models and design. But ourmission prepares us to help lead citizen activists and business people of conscious to urgently work to create a healthier planet for all life. How does Patagonia, the clothing brand, fit into Patagonia Works?Patagonia will live under the Patagonia Works umbrella. A founding member of 1% for the Planet, the company is recognized internationally for its product quality and environmental activism. The estimated total pay for a Director at Patagonia is $260,402 per year. 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. These were adopted by our board of directors and shareholders for each of our US-based primary companies (Patagonia, 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. 0000008640 00000 n And its true to form for my life-long friend and fellow environmentalist, Yvon Chouinard. Dan Emmett, Press images and illustration of Patagonias new structure: HERELetter to Our Community: You can find a PDF version HEREContact: For further information and interview requests: PatagoniaPress@patagonia.com. The Chouinard family will guide the Patagonia Purpose Trust, electing and overseeing its leadership. No. What are the shared attributes of each company under Patagonia Works?Each company within Patagonia Works will share the core values of Patagonia Inc.: quality,environmentalism, corporate transparency and not being bound by convention. Yvon Chouinard, Patagonia founder, former owner, and current board member said: Its been a half-century since we began our experiment in responsible business. Introducing Patagonia Works, a new kind of holding company by Yvon Chouinard - May 6, 2013. . Message and data rates may apply. The world is literally on fire. 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. 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. The Holdfast Collective owns all the nonvoting stock (98 percent of the total stock), and it will use every dollar received from Patagonia to protect nature and biodiversity, support thriving communities and fight the environmental crisis. As noted in a recent petition to the EPA signed by more than 140 organizations, Petition-for-rulemaking-to-add-dams-and-reservoirs-as-a-source-category-under-the-Greenhouse-Gas-Reporting-Program.pdf (tellthedamtruth.com), a growing body of research shows significant greenhouse gas emissions (including CO2 and CH4) from reservoirs and other dam and reservoir operations. Create a free Patagonia account. Need it sooner? Ambitions dont get much bigger than that. 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. Biogeosciences 12, 19 (2020), 4Petition from Michael Hiatt, Earthjustice, to Michael Regan, Admr, EPA (Mar. And, I am certain we will also have some fun along the way.. View Ironclad Guarantee Know how your clothes are made. 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. Patagonia's Chief Executive Officer is Ryan Gellert. The executive who had overseen the organization's business in Europe, the Middle East and Africa since 2014 now heads the. 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. But its also resilient. Child-care stipends for parents who do not live near one of our child-care centers. 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. We started with our products, using materials that caused less harm to the environment. One Patagonia employee serves on its board of directors and another as an advisor. Since 2014, Gellert has overseen Patagonia's business in Europe, the Middle East and Africa. Angling Trade E-Survey: Whats the ideal age to start teaching a kid fly fishing? Patagonias board of directors also made two big changes within the leadership team by elevating Jenna Johnson and Lisa Williams to larger roles. What is the Holdfast Collective and what does it do? Patagonia has long taken. All Rights Reserved. Buy used, trade in and fix your gear through Worn Wear. But these companies must share our core values and their work must help provide solutions to the environmental crisis. hb```b`` a`e````@ G d`5,,;V1cec`gc)4Ei[awY*YzX21Uu5?V=lO2f(cC"[@s*ECB-l[@NO.*`2U84fv&Gv:m3cSK[Tb.P8"")Qr)\vYsrGPbGMx ? Concerned about the environmental impact? Ryan is the right person with the best experience and leadership approach to guide our company. Patagonia will remain a B Corp and continue to give one percent of sales each year to grassroots activists. Since 2014, he has elevated Patagonia to a position of leadership in Europes outdoor industry and environmental communities. Its unique ownership structure reflects that Earth is its only . 0000049731 00000 n 0000002368 00000 n 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. That said, Patagonia, the company my wife and I founded four decades ago, has grown up to by global standards a medium-size business. Now is the time for Patagonia to take the next logical step: to reach out beyond the framework of the apparel and outdoor industries. This reporting will allow regulators, policymakers, and the public to have access to accurate and timely information on these facilities GHG emissions. A founding member of 1% for the Planet, the company is recognized internationally for its product quality and environmental activism. Yvon Chouinard poses in front of a Patagonia store in 1993, two decades before transferring the entire ownership of the company to a nonprofit . It will help ensure that there is never deviation from the intent of the founder and to facilitate what the company continues to do best: demonstrate as a for-profit business that capitalism can work for the planet. More recently, in 2018, we changed the companys purpose to: Were in business to save our home planet. Why will each company under Patagonia Works beorganized as a B Corp? an organization of companies that produces more than a third of the clothing and footwear on 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. Seize the opportunity to lead the world in clean energy manufacturing and deployment to create jobs, strengthen supply chains and reduce costs for customers. 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 is what we can do. 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. 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. September 15, 2022, 5:30 AM PDT. If you are using a screen reader and having difficulty please call us at 1-800-638-6464. Learn more about our environmental and social responsibility program. Since 2014, Gellert has overseen Patagonias business in Europe, the Middle East and Africa. Flexible shipping options are available. Patagonias board of directors also made two big changes within the leadership team by elevating Jenna Johnson and Lisa Williams to larger roles. 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. Continuing to disregard this issue would ignore an important factor regarding future hydropower decisions and further exacerbate the climate crisis. I believe this plan that he and his family helped create is tectonic. See the original here. As the business leader I never wanted to be, I am doing my part. Patagonia Works ("Patagonia") is a certified B Corporation based in Ventura, California. 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. Gellert has overseen . In addition, he was a founding individual member of 1% for the Planet. Patagonia does not have a board of directors. By providing your email address, you agree to our Privacy Policy and Terms of Service. What is a B Corp (benefit corporation)? 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. 0000001931 00000 n 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. If we want to protect nature and support communities, businesses cant continue to adhere to the prevailing economic model. 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. 0000001559 00000 n by Patagonia. 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. If we could do the right thing while making enough to pay the bills, we could influence customers and other businesses, and maybe change the system along the way. This is our purpose. 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. 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. 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 stakes could not be higher. Instead of extracting value from nature and transforming it into wealth, we are using the wealth Patagonia creates to protect the source. 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. (Podcast). 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. It means giving parents the resources they need to work and raise children. Create a free Patagonia account. As a climber and backcountry snowboarder, Ryan loves the wild natural world and knows Patagonias customers as a peer. The Company offers clothing suitable for alpine climbing, fly fishing, hiking, skiing and snowboarding, surfing, trail running, and . 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. Founded by Yvon Chouinard in 1973, Patagonia is an outdoor apparel company based in Ventura, California. 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. The company operates under a unique business model called the "Patagonia Provision Company." This business model allows the company to operate without a board of directors. The company is owned by Chouinard and Tompkins, who are the co-founders. That means offering employees the dignity of access to reproductive health care. Text STOP to cancel. 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. 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. 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. They wanted us to both protect the purpose of the business and immediately and perpetually release more funding to fight the environmental crisis. Failure to recover endangered salmonids would be a failure to honor treaties between the U.S. government and tribes. Concerned about the environmental impact? Ayana Elizabeth Johnson, The current system of capitalism has made its gains at an enormous cost, including increasing inequality and widescale uncompensated environmental damage. Mission statement is use business to save our home planet would welcome the opportunity for more dialogue ownership! 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And gas leasing program board of directors determines that doing so may produce a material impact... Arctic National Wildlife Refuge oil and gas leasing program ( Mar stipends for parents who not... X27 ; s Chief Executive Officer is ryan Gellert, CEO of Patagonia and Patagonia board of determines. Has lived and worked in the United States, Asia and Europe and Terms of Service team by Jenna... Every year for 30 years, Patagonia has donated one percent of sales each year to grassroots environmental?... Works beorganized as a climber and backcountry snowboarder, ryan loves the wild world... Leadership in Europes outdoor industry and environmental activism within 3-10 business days to our Privacy Policy and Terms of.. `` ak_js_2 '' ).setAttribute ( `` value '', ( new Date ( ) ) ; 2008-2022 Asia Europe... Best to address the environmental crisis the purpose of the Arctic National Wildlife Refuge oil and leasing. And their work must help provide solutions to the environmental crisis, not.
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