Billionaire gives away his company in fight against climate change

The founder of clothing brand Patagonia is transferring ownership of the company after nearly 50 years into two entities that will help fight the climate crisis.

"Instead of extracting value from nature and transforming it into wealth, we are using the wealth Patagonia creates to protect the source." "They wanted us to both protect the purpose of the business and immediately and perpetually release more funding to fight the environmental crisis. 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."

In 2017, the company sued then-President Donald Trump over his administration's move to dramatically shrink two national monuments in Utah.

I remember a time when wealthy people were expect to be philanthropic, it was how decent people behaved. Then the absolute greed of the ERW took over & set a abhorrent example, now these people rip off people’s wages, lower working conditions ect.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Billionaire gives away his company in fight against climate changeThe founder of clothing brand Patagonia is transferring ownership of the company after nearly 50 years into two entities that will help fight the climate crisis. 9News Going to look pretty silly when he realises that there is NO climate crisis A hero for our planet 🌏🌍🌎
La source: 9NewsSyd - 🏆 23. / 51 Lire la suite »

Patagonia’s billionaire owner gives away company to fight climate crisisFounder Yvon Chouinard announced that all the company’s profits will go into saving the planet
La source: GuardianAus - 🏆 1. / 98 Lire la suite »

'Earth is now our only shareholder': Why the Patagonia founder is giving his company awayYvon Chouinard, along with his wife and two adult children, is transferring the company to a trust and non-profit, saying 'Earth is now the only shareholder'. Read more: Hes lost it Earth is the only shareholder says bloke who covered it in shitty nylon Bravo! And thankyou from and my grandchildren!
La source: SBSNews - 🏆 3. / 89 Lire la suite »