The petition requests that EPA require dam and reservoir facilitiesincluding hydropower facilitiesto report their annual GHG emissions to EPA and the public. No ones expectations of Patagonia are higher than our own. 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. The company shared the news first with its employees in a global town hall event on September 14, 2022. 0000009506 00000 n Dont worry, we'll only contact you about activism here. This commitment is part of our business charter, which means it now cant be changed without the approval of the Patagonia Purpose Trust. A founding member of 1% for the Planet, the company is recognized internationally for its product quality and environmental activism. The Holdfast Collective owns 98% of the company and all of the nonvoting stock. The company is owned by Chouinard and Tompkins, who are the co-founders. Executive headshots can be downloadedHERE. 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. What a disaster that would have been. 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.. 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. 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. An assessment of current and projected reservoir water quality and suitability for listed fish species using available climate projections, for at least 50 years, would indicate whether or not such forecasted water quality and availability conditions can support wild, self-sustaining fish populations with the dams left in place. Patagonia's key executives include Ryan Gellert and 8 others. Alongside this announcement, Jenna Johnson has been promoted from leader of Patagonias technical outdoor biz to Head of Patagonia Inc. Press Release: Each company may leverage the following shared corporateservices: environmental, legal, finance, technology, distribution, and human resources. . A founding member of 1% for the Planet, the company is recognized internationally for its product quality and environmental activism. Track orders, save products, easy hassle-free returns & exchanges. The estimated total pay for a Director at Patagonia is $260,402 per year. September 24, 2020 We believe this new structure delivers on both and we hope it will inspire a new way of doing business that puts people and planet first.. If we have any hope of a thriving planetmuch less a thriving business50 years from now, it is going to take all of us doing what we can with the resources we have. Please reach out if you have questions about any of the above comments. It will help ensure that there is never deviation from the intent of the founder and to facilitate what the company continues to do best: demonstrate as a for-profit business that capitalism can work for the planet. oIRcOk#v'lXvCuJp< x,Z.E>BZ,M@rcl./Na)&l 9m7e^T+%8m40**IjibSe >x2z)g$M^( KsT\)GHSqxlpJ :N;]H:n` ^ endstream endobj 2439 0 obj <>stream 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. Patagonia is a Certified Benefit Corporation that has contributed more than $145 million to grassroots nonprofits working to protect people and the planet. 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. We must aim for this ultimate goal: bringing wild species back to natural, self-sustaining abundance. Its unique ownership structure reflects that Earth is its only . More recently, in 2018, we changed the companys purpose to: Were in business to save our home planet. They wanted us to both protect the purpose of the business and immediately and perpetually release more funding to fight the environmental crisis. In 2012 we became one of Californias first B Corps (benefit corporations), which means that the values that helped make our company successful are now etched into our legal charter. 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. Christopher van Tienhoven was appointed to the Patagonia Board on June 10, 2015. The Willow Project is the largest oil extraction project currently proposed on U.S. federal lands. 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. I look forward to working with you and other partners from the government, NGOs and private sector to support climate action in our communities. That said, Patagonia, the company my wife and I founded four decades ago, has grown up to by global standards a medium-size business. Why will each company under Patagonia Works beorganized as a B Corp? During that time, heelevated Patagonia to a position of leadership in Europes outdoor industry and environmental communities, overseeing all sales, marketing, environmental and operational activities for the brand. Since 2014, Gellert has overseen Patagonias business in Europe, the Middle East and Africa. Ambitions dont get much bigger than that. Yes. 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. Child-care support for parents on work trips. A founding member of 1% for the Planet, the company is recognized internationally for its product quality and environmental activism. Were making Earth our only shareholder. In this role, she will accelerate Patagonias mission by leading breakthrough ideas in materials, carbon-capturing business models and design. Orders are shipped within 1-2 business days and arrive within 3-10 business days. Requiring dams and reservoirs to report their GHG emissions will also ensure that federal and state agencies and utilities make decisions on the future of the electric sector based on the best available information regarding hydropowers GHG emissions, and not risk inadvertently pursuing a clean energy future that is not actually clean. This is our purpose. 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. Orders are shipped within 1-2 business days and arrive within 3-10 business days. Truth be told, there were no good options available. 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. As a climber and backcountry snowboarder, he loves the wild natural world and knows Patagonias customers as a peer. Its been nearly 50 years since we began our experiment in responsible business, and we are just getting started. The leadership of the company does not change. 0000003003 00000 n But the new ownership structure provides a way to put the value that comes with responsible growth to work fighting the climate crisis. 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. September 15, 2022, 5:30 AM PDT. Since 2014, Gellert has overseen Patagonia's business in Europe, the Middle East and Africa. Web SpecialsSave on Gear for Your Next Trip. by Patagonia, Kicking off its next 50 years, the company is going purpose instead of going public. 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. By providing your email address, you agree to our Privacy Policy and Terms of Service. And that bestows on our family a serious responsibility. VENTURA, Calif. (September 14, 2022) Patagonia announced new ownership today, nearly 50 years since founder Yvon Chouinard began his experiment in responsible business. Bloomberg Surveillance with Tom Keene, Jonathan Ferro & Lisa Abramowicz live from New York, bringing insight on global markets and the top business stories of the day. Two types of paid leave: 4 weeks of paid pregnancy disability leave and/or 12 weeks of paid parental bonding leave. 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. 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. 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. 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VENTURA, Calif. (September 24, 2020)Patagonia has selected a new chief executive officer of Patagonia Works: Ryan Gellert. 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. 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 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. We will keep doing all of the great things that built Patagonia, and the company will keep doing its best to be a great employer. 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. 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. 0000001931 00000 n The Final Report must address the fact that dams contribute significantly to climate change through emissions and amplification of other climate impacts. This is what we can do. Essential to this is ensuring a robust public process that allows time for a diversity and depth of input, especially during busy summer months (and subsistence seasons). If you are using a screen reader and having difficulty please call us at 1-800-638-6464. 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. Each will be organized as a B Corp (benefit corporation), be amember of 1% for the Planet and utilize the Higg Index or other appropriate footprint-based measurementof social and environmental performance. Patagonia Works ("Patagonia") is an outdoor apparel company with an almost 50-year history of environmental conservation and activism. 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, Sign up to receive our bi-monthly email newsletter. 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. What is $20 Million & Change?$20 Million & Change is the internal fund set up by Patagonia Works to help like-minded start-up companies. Our Board of Directors Carolyn Shafer, President, has been part of the PARA board since 2012. 0000007081 00000 n H\n0~ In . 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. Text STOP to cancel. 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. Because we know prioritizing durability results in consuming less energy, wasting less water and creating less trash. 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. 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). Who is the CEO and President of Patagonia Works?Ryan Gellert is chief executive officer (CEO) of Patagonia Works and Patagonia, Inc. 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. Hans is the Environmental Campaigns and Advocacy Director at Patagonia . 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. Williams will continue to report to the CEO in this critical new role. Our Company History - Patagonia Shop Activism Sports Stories Company History We guarantee everything we make. 0000049731 00000 n 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. 21, 2022). 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. A founding member of 1% for the Planet, the company is recognized internationally for its product quality and environmental activism. Twitter Instagram Facebook Google+ | Patagonia.com. Child-care stipends for parents who do not live near one of our child-care centers. 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 Buy used, trade in and fix your gear through Worn Wear. Failure to recover endangered salmonids would be a failure to honor treaties between the U.S. government and tribes. Patagonia serves customers worldwide. Current Lower Snake River Dam fish mitigation measures rely heavily on hatchery production and non-volitional fish passage programs. The Chouinard family will guide the Patagonia Purpose Trust, electing and overseeing its leadership. 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. 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. We helped initiate the Sustainable Apparel Coalition. The Patagonia Purpose Trust was created solely to protect our companys values and mission. I am honored and humbled by the opportunity and keenly aware of the responsibility to lead this company in this critical time, stated Gellert. In this role, she will accelerate Patagonias mission by leading breakthrough ideas in materials, carbon-capturing business models and design. 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. 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. %PDF-1.4 % Family members 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, our CEO. Will Patagonia Works continue to donate one percent of sales to grassroots environmental groups?Absolutely. 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. Since 2014, he has elevated Patagonia to a position of leadership in Europes outdoor industry and environmental communities. And, I am certain we will also have some fun along the way.. 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. 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. N Dont worry, we 'll only contact you about activism here ). And/Or 12 weeks of paid pregnancy disability leave and/or 12 weeks of paid parental bonding leave 10. 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