Patagonia founder donates company to fight climate change | Sunday Observer

Patagonia founder donates company to fight climate change

18 September, 2022

Patagonia founder Yvon Chouinard, his spouse and two adult children are giving away their ownership in the apparel maker he started some 50 years ago, dedicating all profits from the company to projects and organisations that will protect wild land and biodiversity and fight the climate crisis.

The company is worth about $3 billion, according to the ‘New York Times’.

In a letter about the decision, published on the Patagonia website on Wednesday, Choiunard wrote of “reimagining capitalism,” and said: “While we’re doing our best to address the environmental crisis, it’s not enough.

- CNBC

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