The GuardianThe Guardian

Patagonia’s billionaire owner gives away company to fight climate crisis

By Erin McCormick

15 Sep 2022 · 3 min read

Editor's Note

The founder of Patagonia, one of the world's most successful sportswear brands, has given the entire company away to fight climate change. The Guardian has the story.

Setting a new example in environmental corporate leadership, the billionaire owner of Patagonia is giving the entire company away to fight the Earth’s climate devastation, he announced on Wednesday.

Patagonia founder Yvon Chouinard, who turned his passion for rock climbing into one of the world’s most successful sportswear brands, is giving the entire company to a uniquely structured trust and nonprofit, designed to pump all of the company’s profits into saving the planet.

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