Patagonia Takes Control of the Fight Against Climate Change
By Quinn Lauden
Yvon Chouinard, the founder of Patagonia, recently made a monumental contribution to the fight against climate change. Chouinard, the rock climber turned environmental entrepreneur, gave away 100 percent of Patagonia’s equity to the earth this past September. With 98% of the stock going to the Holdfast Collection, a non-profit, and the other 2% of stock and decision-making transferred to a trust, Chouinard has made the earth the only shareholder of the $3 billion company (McCormick, The Guardian).
This act does not come as a surprise to many. Patagonia, a clothing company specializing in outdoor apparel, has been recognized for supporting numerous causes, especially their support of the fight against climate change. Patagonia announced the transfer of ownership throug...