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Patagonia’s founder has donated his $3 billion company in order to fight climate change

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The founder and CEO of Patagonia Yvon Chouinard has announced he’s given away his company to set up a trust to help combat climate change.

figure using his wealth, status and clout to make considerable change is Patagonia founder and CEO Yvon Chouinard, who has transferred his company, which is valued at $3 billion, to a trust that has been established to combat climate change.

In a letter penned by Chouinard, the founder explained that he had been grappling with various predicaments in trying to comprehend how he could use Patagonia’s monetary value to create a positive difference.

 

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Billionaire Patagonia founder gives away company to fight the climate crisisThe company will continue to produce outdoor clothing, camping supplies, and other goods, but now all profits will go to organisations to fight the climate crisis. 🤣 Like you do🤔🤔🤔 He'll live to regret that decision. Believe me.
Source: SkyNews - 🏆 35. / 67 Read more »