here’s corporate philanthropy, and then there’s Patagonia. In September, founder Yvon Chouinard and his family set a bold new standard for how companies can address the climate-change crisis.
They effectively gifted the outdoor-clothing retailer’s annual profits in perpetuity to defend the planet via the Holdfast Collective, a new nonprofit organization that—and doesn’t plan to sit on dividends. CEO Ryan Gellert continues to lead the company. “If we have any hope of a thriving planet—much less a thriving business—50 years from now, it’s going to take all of us doing what we can,” says Corley Kenna, Patagonia’s head of policy and communications.
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:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
TIME100 Most Influential Companies 2023: CanvaIn 2022, Canva emerged as a major work-software competitor. Find out how the company became one of the most influential of 2023
Source: TIME - 🏆 93. / 53 Read more »
TIME100 Most Influential Companies 2023: AlbemarleFueling the EV revolution, Albemarle is one of the 100 most influential companies of 2023
Source: TIME - 🏆 93. / 53 Read more »
TIME100 Most Influential Companies 2023: SpaceXWhy SpaceX is one of the 100 most influential companies of 2023
Source: TIME - 🏆 93. / 53 Read more »
TIME100 Most Influential Companies 2023: JD.comWhen Shanghai went into a strict COVID-19 lockdown in the spring of 2022, JD_Corporate mounted an extraordinary effort to keep delivering essential supplies
Source: TIME - 🏆 93. / 53 Read more »
TIME100 Most Influential Companies 2023: MicrosoftA few years ago, it may have looked like Microsoft's most revolutionary days were over. But CEO Satya Nadella has quietly been making smart bets on AI, which have begun to pay off big-time
Source: TIME - 🏆 93. / 53 Read more »
TIME100 Most Influential Companies 2023: Maven ClinicIn November, mavenclinic's CEO raised $90 million at a $1.3 billion valuation, making it the highest-valued women's health startup
Source: TIME - 🏆 93. / 53 Read more »