Patagonia founder donates $3 billion corporation to environmental causes: "Earth is now our only shareholder"
Summary by NewsWall Apr 23 23
- Yvon Chouinard, the creator of Patagonia, and his family have donated the company to an environmental trust and non-profit.
- The decision is a bold new step for a firm that has long been a major crusader, particularly on environmental issues.
- In 2018, the corporation stated that it would give all of the proceeds from tax cuts enacted into law by then-President Trump to environmental initiatives.
- Chouinard and Patagonia were among the co-founders of "1% for the Planet" in 2002, a group of firms that donate 1% of their sales to environmental causes.
Story Details
| Last Updated | Oct 23 22 |
| Total Articles | 111 |
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