AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Looking Sideways Action Sports Podcast
The Announcement Episode 1: Decision
Jan 13, 2025
Jenna Johnson, President of Patagonia Inc, discusses the groundbreaking decision to make Earth the company's sole shareholder, marking a revolutionary shift in corporate responsibility. She delves into the philosophical and economic implications of this bold move on capitalism. The conversation highlights Patagonia's journey toward sustainability, the establishment of the Patagonia Purpose Trust, and the innovative Holdfast Collective for philanthropic initiatives. Jenna also emphasizes the necessity of rethinking capitalism to prioritize environmental sustainability and community well-being.
41:52
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Patagonia has transformed its ownership model by allowing the Earth to be its only shareholder, prioritizing environmental sustainability over profit motives.
- The introduction of the Holdfast Collective illustrates Patagonia's commitment to deploying its profits for climate-focused initiatives, redefining corporate philanthropy.
Deep dives
Patagonia's Unique Ownership Structure
Patagonia has adopted a groundbreaking ownership model where the company is now owned by the Earth itself, marking a significant shift in its business philosophy. This decision, announced by Yvon Chouinard, reflects a commitment to environmental stewardship, whereby profits are directed toward combating the climate crisis rather than traditional shareholder interests. The establishment of the Patagonia Purpose Trust and the Holdfast Collective ensures that the company's values are preserved, guiding its operations towards sustainability and social responsibility. This model signifies a departure from conventional capitalism, positioning Patagonia as a leader in promoting a purpose-driven business approach.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode