In 2022, Patagonia's founder Yvon Chouinard made an unprecedented move regarding the company's ownership. What was this groundbreaking decision that redirected all future profits?
Patagonia has transformed the outdoor apparel industry with its radical commitment to environmental activism. Beyond creating durable products for outdoor enthusiasts, the company has pioneered sustainability practices that have influenced countless brands in the natural products sector. This poll tests your knowledge about one of Patagonia's most revolutionary corporate decisions that shocked the business world and reinforced their commitment to fighting climate change.
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- He transferred ownership to a trust and nonprofit that will use all profits to fight climate change and protect undeveloped land
- He sold the company to REI Co-op with a legally-binding agreement that 50% of profits would support conservation efforts
- He converted the company to a worker-owned cooperative where employees vote on which environmental causes to support
- He initiated a public benefit corporation IPO with shares that can only be purchased by environmental organizations
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