Patagonia Yvon Chouinard
Patagonia $3 billion donation
The creator of Patagonia donates $3 billion to a firm to combat climate change.
Yvon Chouinard, creator of Patagonia, battles climate change.has abandoned its multi-billion dollar company and redirected its revenues.
Patagonia, one of the most well-known manufacturers of outdoor apparel and equipment, could easily go public.
Chouinard, 83, and his family are giving a nonprofit organisation called the Patagonia Purpose Trust and Holdfast Collective their share of the business.
This will allocate the business's yearly proceeds to environmental causes.
In an open letter issued on Wednesday, Chouinard stated that "Earth is now our lone stakeholder."
During the 2020 election, Patagonia sold clothing with tags reading "Vote the donkeys out," referring to politicians downplaying the threat of climate change.
Click to see More Stories
Disc Pie Chart