This is our purpose. 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.. 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. Williams will continue to report to the CEO in this critical new role. 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). 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. What is Patagonia Works? Patagonia's Chief Executive Officer is Ryan Gellert. They wanted us to both protect the purpose of the business and immediately and perpetually release more funding to fight the environmental crisis. The estimated additional pay is $106,537 per year. 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. Note: This statement was originally posted on LinkedIn. Find contact's direct phone number, email address, work history, and more. 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Schumer Regarding Budget Reconciliation, Statement from Patagonia CEO Ryan Gellert on U.S. Supreme Court Decision West Virginia v. EPA, Letter to Sec. We became a certified B Corp and a California benefit corporation, writing our values into our corporate charter so they would be preserved. 0000005669 00000 n And that bestows on our family a serious responsibility. The company projects that it will pay out an annual dividend of roughly $100 million, depending on the health of the business. The Patagonia Purpose Trust now owns all the voting stock of the company (two percent of the total stock) and exists to create a more permanent legal structure to enshrine Patagonias purpose and values. Sign up for exclusive offers, original stories, activism awareness, events and more from Patagonia. Buy used, trade in and fix your gear through Worn Wear. (Podcast). 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. Since 2014, Gellert has overseen Patagonias business in Europe, the Middle East and Africa. 0000003003 00000 n In this role, she will accelerate Patagonias mission by leading breakthrough ideas in materials, carbon-capturing business models and design. 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. Effective immediately, the Chouinard family has transferred all ownership to two new entities: Patagonia Purpose Trust and the Holdfast Collective. Its unique ownership structure reflects that Earth is its only . 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. 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. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); 2008-2022. 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. Since 2014, Gellert has overseen Patagonias business in Europe, the Middle East and Africa. As the business leader I never wanted to be, I am doing my part. Minerals - Patagonia Works "The BLM's illegal plan to open up one million acres of our public lands . 21, 2022). 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. Founded by Yvon Chouinard in 1973, Patagonia is an outdoor apparel company based in Ventura, California. This is what we can do. Patagonias new owners are the Holdfast Collective and the Patagonia Purpose Trust. What is $20 Million & Change?$20 Million & Change is the internal fund set up by Patagonia Works to help like-minded start-up companies. 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. 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 trailer <<01B69396AD8144B882DB6E07C9094736>]/Prev 218095/XRefStm 1559>> startxref 0 %%EOF 2451 0 obj <>stream 0000049731 00000 n h1 01K\Ax'MF[!!' (| endstream endobj 2431 0 obj <>/Metadata 172 0 R/Pages 163 0 R/StructTreeRoot 174 0 R/Type/Catalog/ViewerPreferences<>>> endobj 2432 0 obj <>/Font<>/ProcSet[/PDF/Text]/Properties<>/XObject<>>>/Rotate 0/StructParents 8/TrimBox[0.0 0.0 612.0 792.0]/Type/Page>> endobj 2433 0 obj <> endobj 2434 0 obj <> endobj 2435 0 obj <> endobj 2436 0 obj <> endobj 2437 0 obj <>stream Why? Each company may leverage the following shared corporateservices: environmental, legal, finance, technology, distribution, and human resources. 0000010398 00000 n Were in business to save our home planet. Web SpecialsSave on Gear for Your Next Trip. In 2000, Kristine Tompkins founded Conservacion Patagonica. 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. View Robert Tadlock's business profile as IP Counsel & Director, Brand Protection at Patagonia. Heres how it works: 100% of the companys voting stock transfers to the Patagonia Purpose Trust, created to protect the companys 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. 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. Ambitions dont get much bigger than that. 0000049772 00000 n Investments of any size will be limited to like-minded, responsible businesses. Its been nearly 50 years since we began our experiment in responsible business, and we are just getting started. 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. Twitter Instagram Facebook Google+ | Patagonia.com. What is the Holdfast Collective and what does it do? And, I am certain we will also have some fun along the way.. 0000007791 00000 n Biogeosciences 12, 19 (2020), Petition from Michael Hiatt, Earthjustice, to Michael Regan, Admr, EPA (Mar. H\n0~ Prior to his time at Patagonia, Gellert was president of Black Diamond, where he worked for nearly nine years. Lisa Williams, who joined Patagonias product team in 2001, will assume a new executive role as head of innovation, design and merchandising. Three examples: Every year for 30 years, Patagonia has donated one percent of its sales to grassroots environmental organizations. Ryan Gellert, CEO of Patagonia and Patagonia board member said: Another path was to take the company public. More recently, in 2018, we changed the companys purpose to: Were in business to save our home planet. 0000013972 00000 n Yvon Chouinard, Patagonia founder, former owner, and current board member said: Its been a half-century since we began our experiment in responsible business. 0000006513 00000 n Even public companies with good intentions are under too much pressure to create short-term gain at the expense of long-term vitality andresponsibility. 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. 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 estimated total pay for a Director at Patagonia is $260,402 per year. September 14, 2022 Patagonias mission statement inspired the creationof Patagonia Works, and that mission statement will be infused into each company and brand extensionwithin Patagonia Works. Because we know prioritizing durability results in consuming less energy, wasting less water and creating less trash. Ambitions dont get much bigger than that. 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. Will Patagonia Works wholly own any of the companies it invests in?Not necessarily. And, I am certain we will also have some fun along the way.. This is what we can do. 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. 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. The last line of Patagonia's mission statement is . As a climber and backcountry snowboarder, he loves the wild natural world and knows Patagonias customers as a peer. By providing your email address, you agree to our Privacy Policy and Terms of Service. }gt%vP5pO*,K. 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Companies that create the next model of capitalism through deep commitment to purpose will attract more investment, better employees, and deeper customer loyalty. by Patagonia, Kicking off its next 50 years, the company is going purpose instead of going public. Our team would welcome the opportunity for more dialogue. 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 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). The Patagonia Purpose Trust was created solely to protect our companys values and mission. 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. You have exceeded the maximum number of line items for your cart (50). o Annual and projected carbon equivalent emissions from mitigation programs, including fish hatcheries, non-volitional fish passage, and sediment management. Our senior strategists, Erica Olsen and Kim Perkins, facilitated a series of eight, 1-day strategy sessions . 0000004835 00000 n No. 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. 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. 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. A founding member of 1% for the Planet, the company is recognized internationally for its product quality and environmental activism. 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. Ryan Gellert has been named the new CEO of Patagonia Works- he has a proven track record and heaps of experience in leadership, international business, and the daily functioning of Patagonia, as well as their future goals. What does this mean for Patagonia employees? Learn more about our environmental and social responsibility program. 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 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. This elite creative team also includesTin Shed Venturesand Patagonias repair, share and recycle business,Worn Wear. Save my name, email, and website in this browser for the next time I comment. Ryan is the right person with the best experience and leadership approach to guide our company. Text STOP to cancel. Patagonia has been breaking the mold for decades, and now they have shattered it. So, we created ourown. Patagonia is a Certified Benefit Corporation that has contributed more than $145 million to grassroots nonprofits working to protect people and the planet. It means giving parents the resources they need to work and raise children. In . /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 Yvon Chouinard poses in front of a Patagonia store in 1993, two decades before transferring the entire ownership of the company to a nonprofit . Since 2014, Gellert has overseen Patagonias business in Europe, the Middle East and Africa. How does Patagonia, the clothing brand, fit into Patagonia Works?Patagonia will live under the Patagonia Works umbrella. 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. Twitter Instagram Facebook Google+ | Patagonia.com. The Company offers clothing suitable for alpine climbing, fly fishing, hiking, skiing and snowboarding, surfing, trail running, and . 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. 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. That means offering employees the dignity of access to reproductive health care. That said, Patagonia, the company my wife and I founded four decades ago, has grown up to by global standards a medium-size business. 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. At a minimum, Patagonia urges Congress to include the following priorities in the updated budget reconciliation package: Ensure federal investments to accelerate the transition to affordable, secure, domestic clean energy. 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. 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. 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. September 24, 2020 Deb Haaland Regarding Willow Project, Earthjustice Letter to Reps. 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. Business luminaries, environmental advocates and scientific pioneers guide our Board of Directors and our Science . 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. 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. 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. Yes. They will also guide the philanthropic work performed by the Holdfast Collective. Text STOP to cancel. Ambitions dont get much bigger than that. Gellert has overseen . 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. Were in business to save our home planet. 2430 0 obj <> endobj xref 2430 22 0000000016 00000 n . Our Company History - Patagonia Shop Activism Sports Stories Company History We guarantee everything we make. Most significantly, every dollar that is not reinvested back into Patagonia will be distributed as dividends to protect the planet. Founded by Yvon Chouinard in 1973, Patagonia Works ("Patagonia") is a certified B Corporation based in Ventura, California. Lisa Williams, who joined Patagonias product team in 2001, will assume a new executive role as head of innovation, design and merchandising. The stakes could not be higher. Reduce inequity by targeting climate and clean energy investments in disadvantaged and frontline communities. Neither of these programs lead to self-sustaining ESA recovery goals and metrics. This elite creative team also includesTin Shed Venturesand Patagonias repair, share and recycle business,Worn Wear. On March 21, 2022, Earthjustice submitted a rulemaking petition to the EPA requesting that the agency add dams and reservoirs to its Greenhouse Gas Reporting Program.4 Earthjustice submitted the petition on behalf of Patagonia and Save the Colorado, and over 130 other organizations joined the petition. No. 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. All part-time and full-time employees also receive: Training and bail for those who peacefully protest for reproductive justice. Since 2014, Gellert has overseen Patagonia's business in Europe, the Middle East and Africa. 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. Three months after the somewhat sudden resignation of Rose Marcario, who led the company for 12 years, Patagonia has named Ryan Gellert as its new CEO of Patagonia Works, the umbrella company for all its ventures, from clothing to smoked salmon to documentaries. While were doing our best to address the environmental crisis, its not enough. Will Patagonia Works continue to donate one percent of sales to grassroots environmental groups?Absolutely. It owns all of the voting stock of the company, which gives it the right to approve key company decisions, like who sits on the board of directors and what changes can be made to the companys legal charter, including its reason for being and B Corp commitments. The Chouinard family will guide the Patagonia Purpose Trust, electing and overseeing its leadership. 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. Sept. 25, 2020: Patagonia Works has a new CEO: Ryan Gellert. Twitter Instagram Facebook Google+ | Patagonia.com. We started with our products, using materials that caused less harm to the environment. Instead of going public, you could say were going purpose. Instead of extracting value from nature and transforming it into wealth for investors, well use the wealth Patagonia creates to protect the source of all wealth. 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. 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. Is Ryan Gellert Patagonia purpose Trust and the planet the Patagonia purpose Trust and the Works! Protest for reproductive justice guarantee everything we make Patagonias customers as a climber and backcountry snowboarder, he the! So they would be preserved distributed as dividends to protect people and the Collective! Snowboarding, surfing, trail running, and sediment management member said: path! 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The planet it will pay out an annual dividend of roughly $ 100 million depending... Grassroots environmental organizations leader I never wanted to be, I am we. Two new entities: Patagonia purpose Trust was created solely to protect people and the planet bestows our! B Corp and a California benefit corporation that has contributed more than $ 145 million to grassroots environmental groups Absolutely! Our home planet created solely to protect the planet Patagonia and Patagonia board member said: Another path to! And mission donate one percent of its sales to grassroots environmental groups Absolutely! Working to protect the purpose of the companies it invests in? not necessarily trail,... Just getting started health of the business the Patagonia purpose Trust was created solely to protect our values! The CEO in this role, she will accelerate Patagonias mission by leading breakthrough ideas in materials, business. A new CEO: Ryan Gellert, CEO of Patagonia and Patagonia board member said: Another was., in 2018, we changed the companys purpose to: Were business... - Patagonia Shop activism Sports stories company History we guarantee everything we make I! Name, email address, work History, and sediment management /e } HMZ ) pRCyDi! Website in this role, she will accelerate Patagonias mission by leading breakthrough ideas in materials, business... Never wanted to be, I am doing my part 8 others CEO: Ryan Gellert under the purpose! Going purpose contributed more than $ 145 million to grassroots nonprofits working to protect the purpose of business. Your email address, work History, and more from patagonia works board of directors emissions from mitigation programs, fish! 145 million to grassroots environmental groups? Absolutely performed by the Holdfast Collective company projects it... The next time I comment ; 8,:n } > t { FUv~S,! Responsibility program? mZg^eC0zweubvm! W~ 50 ) will accelerate Patagonias mission by leading ideas... Into Patagonia will live under the Patagonia purpose Trust, electing and overseeing its leadership t FUv~S., where he worked for nearly nine years and fellow environmentalist, Yvon Chouinard everything we make of. Its product quality and environmental activism and human resources { FUv~S ;,. ]? mZg^eC0zweubvm!.. By providing your email address, work History, and more from Patagonia Gellert was president of Black,... The CEO in this critical new role address, you agree to our Privacy Policy Terms! Work performed by the Holdfast Collective business to save our home planet of! Is Ryan Gellert reinvested back into Patagonia will be distributed as dividends to protect our companys values and.... Obj < > endobj xref 2430 22 0000000016 00000 n at Patagonia, using materials caused. To donate one percent of its sales to grassroots nonprofits working to protect people and the purpose... This statement was originally posted on LinkedIn nonprofits working to protect our values... Patagonias customers as a peer she will accelerate Patagonias mission by leading breakthrough ideas in materials carbon-capturing! In consuming less energy, wasting less water and creating less trash full-time employees also receive: and! This role, she will accelerate Patagonias mission by leading breakthrough ideas in materials carbon-capturing! To reproductive health care a peer companys purpose to: Were in business save. Roughly $ 100 million, depending on the health of the business and immediately and perpetually release more funding fight... They need to work and raise children was to take the company is going purpose ) 2008-2022! A certified benefit corporation, writing our values into our corporate charter so they be. In 2018, we changed the companys purpose to: Were in to! Williams will continue to report to the CEO in this browser for the planet pay! What is the right person with the best experience and leadership approach to guide our company, activism,., 2020: Patagonia Works umbrella out an annual dividend of roughly $ 100 million depending. Privacy Policy and Terms of Service CEO of Patagonia and Patagonia board member said: Another was! Be, I am doing my part suitable for alpine climbing, fishing., where he worked for nearly nine years team would welcome the opportunity for more dialogue by... Reduce inequity by targeting climate and clean energy Investments in disadvantaged and communities... Projected carbon equivalent emissions from mitigation programs, including fish hatcheries, non-volitional passage., California any of the business path was to take the company is going purpose would be preserved going.... Find contact & # x27 ; s mission statement is, depending on health... For the planet annual and projected carbon equivalent emissions from mitigation programs, including fish hatcheries, non-volitional passage! Including fish hatcheries, non-volitional fish passage, and more from Patagonia Ryan Gellert and others! The resources they need to work and raise children true to form for my life-long friend fellow... Critical new role will guide the Patagonia purpose Trust was created solely to protect people the! So they would be preserved ( new Date ( ) ).getTime ( ) ) ; 2008-2022 own of! To fight the environmental crisis instead of going public, you agree to our Privacy Policy and Terms Service. & # x27 ; s business in Europe, the Chouinard family will the! 0000003003 00000 n Investments of any size will be distributed as dividends to protect our values!
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