In 2022, what groundbreaking decision did Patagonia's founder Yvon Chouinard make regarding the ownership of the company?

In 2022, one major outdoor retailer made headlines with an unprecedented corporate decision that dramatically reinforced its commitment to environmental conservation. This move represented one of the most radical examples of corporate environmentalism in retail history, reshaping how businesses might approach sustainability and corporate responsibility in the natural products sector.

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He transferred ownership to a trust and nonprofit organization dedicated to fighting climate change, with all profits going to environmental causes
He sold the company to a consortium of environmental NGOs who would operate it as a benefit corporation
He took the company public with the stipulation that 50% of dividends must fund conservation efforts
He merged Patagonia with Tesla to create the world's first carbon-negative retail and technology conglomerate