Patagonia's founder gives multi-billion dollar company away in effort to combat climate change

  • 📰 thejournal_ie
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 50%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Its founder says 'Earth is now our only shareholder'.

Image: Shutterstock/sylv1rob1 Image: Shutterstock/sylv1rob1 PATAGONIA’S FOUNDER HAS given away his multi-billion company to a non-profit organisation in an effort to combat climate change.“If we have any hope of a thriving planet, much less a business,” he added, “it is going to take all of us doing what we can with the resources we have.”

‘Ecological destruction’ In an open-letter announcing the change in ownership, Chouinard explained: “Each year, the money we make after reinvesting in the business will be distributed as a dividend to help fight the crisis.” He says the company began to use materials that caused less harm to the environment and gave away one percent of sales each year.However, while he said the company was doing its best – and will continue to donate one percent of sales – he added that Patagonia needed to “find a way to put more money into fighting the crisis”.Hey, friends, we just gave our company to planet Earth. OK, it’s more nuanced than that, but we’re closed today to celebrate this new plan to save our one and only home.

“Each year, the money we make after reinvesting in the business will be distributed as a dividend to help fight the crisis,” said Chouinard.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

A great example. Let other business leaders take note.

😂🤣 Keep her lit Yvon they’re buying in wholesale.

What a load of bollix

Wait until he finds out the climate crisis is a manufactured hoax and he would have been better off giving his money to the cats and dogs home.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 32. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Peloton co-founder Foley leaves US fitness company in latest shake-upThe reshuffling extends a year of upheaval at the New York-based company, which thrived in the early days of the pandemic but is now suffering from declining sales and mounting losses
Source: businessposthq - 🏆 8. / 71 Read more »