{"id":5795,"date":"2022-09-26T18:17:26","date_gmt":"2022-09-26T16:17:26","guid":{"rendered":"https:\/\/anthemisenvironment.it\/?p=5795"},"modified":"2022-11-21T18:24:07","modified_gmt":"2022-11-21T16:24:07","slug":"patagonia-our-sole-shareholder-now-is-the-planet","status":"publish","type":"post","link":"https:\/\/anthemisenvironment.it\/en\/patagonia-our-sole-shareholder-now-is-the-planet\/","title":{"rendered":"PATAGONIA: \u201cOUR SOLE SHAREHOLDER NOW IS THE PLANET\u201d"},"content":{"rendered":"<p>Patagonia, a US outdoor company valued at 3 billion dollars, has been sold to a trust fund and a non-profit organization. The company will remain a privately owned for-profit company, but the profits (approximately $100 million) each year will be used to help fight climate change and protect nature.<\/p>\n<p>The revolutionary decision of the owner family is in line with the pillars that have distinguished the brand since its foundation in 1973:<\/p>\n<ul>\n<li><strong>environmental protection<\/strong><br \/>\n<strong>sustainability of production<\/strong><br \/>\n<strong>social responsability<\/strong><\/li>\n<\/ul>\n<blockquote><p>\u201cInstead of extracting value from nature and turning it into profits for investors, we will use the prosperity generated by Patagonia to protect the very source of all wealth,\u201d writes 83-year-old founder Yvon Chouinard on the company website. \u201cOur sole shareholder is now the planet&#8221;.<\/p><\/blockquote>\n<p>With this transaction, Chouinard has ensured that the company remains faithful to its path, which began more than 50 years ago, also in the near future, leading the world towards <strong>&#8220;a new form of capitalism&#8221;.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Patagonia, a US outdoor company valued at 3 billion dollars, has been sold to a trust fund and a non-profit organization. The company will remain a privately owned for-profit company, but the profits (approximately $100 million) each year will be used to help fight climate change and protect nature. The revolutionary decision of the owner&#8230;<\/p>\n","protected":false},"author":5,"featured_media":5601,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63],"tags":[],"class_list":["post-5795","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-esg-sustainability"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>PATAGONIA: \u201cOUR SOLE SHAREHOLDER NOW IS THE PLANET\u201d | Anthemis Environment<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/anthemisenvironment.it\/en\/patagonia-our-sole-shareholder-now-is-the-planet\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PATAGONIA: \u201cOUR SOLE SHAREHOLDER NOW IS THE PLANET\u201d | Anthemis Environment\" \/>\n<meta property=\"og:description\" content=\"Patagonia, a US outdoor company valued at 3 billion dollars, has been sold to a trust fund and a non-profit organization. The company will remain a privately owned for-profit company, but the profits (approximately $100 million) each year will be used to help fight climate change and protect nature. 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