The Latest Breaking News from Yvon Chouinard

Patagonia’s recent blockbuster announcement that the company was “turning capitalism on its head by making the Earth our only shareholder” is generating a lot of attention. It is the start of another chapter in a long and storied history of a company that, more often than not, has been getting…

Patagonia’s founder Yvon Chouinard made headlines recently with the decision to give his family’s $3 billion company, and its future profits, to the fight against climate change. In his words, “Earth is now the company’s only shareholder.”

Going forward, all of Patagonia’s profits, some $100 million annually, will fund efforts to address climate change and advance wilderness preservation, the company announced on September 14, 2022.

The news has been pretty bleak lately and it's been hard to keep up with all the sombre events that have been going on, so you may have missed a few stories that could make you a bit more hopeful for the future

Patagonia founder Yvon Chouinard, his wife, Malinda, and their two adult children no longer own the outdoor gear and apparel company. But based on my experience as a former executive who is now an adviser and lecturer focused on sustainability, I don’t expect many other U.S.-based companies to follow their…

Last week, Yvon Chouinard, the billionaire owner of outdoor clothing retailer Patagonia, announced he was transferring ownership of his company to a trust. Going forward, the company’s profits — somewhere in the neighborhood of $100 million a year — will be used to combat climate change.

Patagonia founder Yvon Chouinard, his wife and their two adult children have irrevocably transferred their ownership of the outdoor apparel company to a set of trusts and nonprofit organizations.

Letter: Yvon Chouinard’s donation of his $3bn company is a step to kickstart change, but global actions are needed, writes Prof Phoebe Barnard of Stable Planet Alliance

We cannot simply stand back and hope that the elite will give away their wealth to tackle the climate emergency, says academic Carl Rhodes

Inflation lunged sideways, stocks dropped all over the shop, the European Union massaged its slapping hand, and Adobe suite went brrr.

Letter: The Duchy of Cornwall’s business interests could be given to a trust to benefit the environment, suggests Prof Alan Bleakley