In 2022, what unprecedented action did Patagonia's founder Yvon Chouinard take regarding the ownership of his $3 billion company?

Patagonia has become synonymous with corporate environmental responsibility in the outdoor apparel industry. Founded on principles of sustainability and environmental activism, this company has taken bold steps that have transformed how businesses approach their impact on the natural world. Test your knowledge about one of the most revolutionary sustainability initiatives in retail history that shocked the business world and redefined corporate environmental stewardship.

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He transferred ownership to a trust and nonprofit dedicated to fighting climate change, ensuring all profits would go to environmental causes
He sold the company to REI with a contractual agreement that 50% of profits would be donated to conservation efforts
He took the company public with specialized stock options that prioritize environmental metrics over financial returns
He established a foundation where 25% of annual profits would fund reforestation projects while maintaining family ownership