Patagonia is a remarkable company that is true to its original mission: “Build the best product, cause no unnecessary harm, use business to inspire, and implement solutions to the environmental crisis.” Today, it “is a designer of outdoor clothing and gear for the silent sports: climbing, surfing, skiing and snowboarding, fly fishing, and trail running.” It operates online and through 30 stores.
What makes Patagonia distinctive from a social responsibility perspective is its giving back to the community, especially with regard to the environment. For Black Friday 2016, Patagonia pledged to donate all of its SALES revenue to environmental issues. Other companies sometimes pledge to donate from their PROFITS. But it is very, very rare for a firm to donate all of its sales.
“When we announced we’d give 100 percent of our global retail and online Black Friday sales directly to grassroots nonprofits working on the front-lines to protect our air, water, and soil for future generations, we heard from many of our customers calling it a ‘fundraiser for the earth.'”
“We’re humbled to report the response was beyond expectations. With your help, Patagonia reached a record-breaking $10 million in sales. We expected to reach $2 million in sales — we beat that expectation five times over. The enormous love our customers showed to the planet on Black Friday enables us to give every penny to hundreds of grassroots environmental organizations working around the world.”
“Many of these environmental groups are underfunded and under the radar, and they are overwhelmed with your commitment. On behalf of these activists and every Patagonia employee, we extend a heartfelt thank you to our customers, friends, and community worldwide who showed up to #loveourplanet.”
“You can learn more about the past recipients of Patagonia environmental grants in your community here. This additional infusion of resources will go a long way toward addressing climate change and other serious environmental issues.
Click the image to read more about Patagonia’s Black Friday 2016 environmental efforts.