Patagonia founder gives away his company
The Briefing3 Loka 2022

Patagonia founder gives away his company

The owner of the $3B outdoor apparel brand Patagonia has given his company away to fight climate change.

Depending on his profits around $100m a year will go towards climate initiatives. We find out more about the move and why it’s so rare to see a company founder do something like this.

To explain how Yvon Chouinard’s radical act of philanthropy works. We have New York Times reporter David Gelles on the line from upstate New York.

Headlines:

- Interest rate hike on the cards
- Rain forecast for the east
- First day of Brittany Higgins trial
- Optus reveals full extent of hack

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