This elite creative team also includesTin Shed Venturesand Patagonias repair, share and recycle business,Worn Wear. Team Advisors: Dr. Richard Mark Soley Dr. Richard Mark Soley is Executive Director of the Digital Twin Consortium and also Executive Director of the Industrial Internet Consortium and is responsible for the vision and direction of these two organizations. In . Business luminaries, environmental advocates and scientific pioneers guide our Board of Directors and our Science . Create a free Patagonia account. As we began to witness the extent of global warming and ecological destruction, and our own contribution to it, Patagonia committed to using our company to change the way business was done. The stakes could not be higher. Patagonias board of directors also made two big changes within the leadership team by elevating Jenna Johnson and Lisa Williams to larger roles. Child-care stipends for parents who do not live near one of our child-care centers. Like Lost Arrow Corporation, Patagonia Works will offer its member companies value through collective services such as accounting, legal, human resources, etc. Our senior strategists, Erica Olsen and Kim Perkins, facilitated a series of eight, 1-day strategy sessions . This elite creative team also includesTin Shed Venturesand Patagonias repair, share and recycle business,Worn Wear. They will also guide the philanthropic work performed by the Holdfast Collective. This is what we can do. These were adopted by our board of directors and shareholders for each of our US-based primary companies (Patagonia, The executive who had overseen the organization's business in Europe, the Middle East and Africa since 2014 now heads the. 0000049772 00000 n
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And that bestows on our family a serious responsibility. We will keep doing all of the great things that built Patagonia, and the company will keep doing its best to be a great employer. Gellert has served as the brand's general manager of Europe, the Middle [] Where restrictions exist, travel, lodging and food are covered. Essential to this is ensuring a robust public process that allows time for a diversity and depth of input, especially during busy summer months (and subsistence seasons). Lisa Williams, who joined Patagonias product team in 2001, will assume a new executive role as head of innovation, design and merchandising. Employees are at the core of Patagonias success and this new ownership structure is an irrevocable commitment to protect the purpose and values that attracted all of us to the company in the first place. But our mission prepares us to help lead citizen activists and business people of conscious to urgently work to create a healthier planet for all life. The work ahead promises to be more important and satisfying than anything we have done so far, and we are beyond excited for what the future holds.. Truth be told, there were no good options available. Need it sooner? Orders are shipped within 1-2 business days and arrive within 3-10 business days. If we want to protect nature and support communities, businesses cant continue to adhere to the prevailing economic model. Why? Deb Haaland Regarding Willow Project, Earthjustice Letter to Reps. Its clear from our early reading of todays opinion that the Court has restricted the executive branchs ability to protect those who are most affected by climate change and to support communities on the front lines of climate activism. If we have any hope of a thriving planetmuch less a businessit is going to take all of us doing what we can with the resources we have.This is what we can do. We started with our products, using materials that caused less harm to the environment. Patagonia has long taken. Prior to his time at Patagonia, Gellert was president of Black Diamond, where he worked for nearly nine years and prior was a volunteer legal intern with the ACLU of Utah. 100% of co-pay costs for mental health visits are covered. Web SpecialsSave on Gear for Your Next Trip. Patagonia does not have a board of directors. Lisa Williams, who joined Patagonias product team in 2001, will assume a new executive role as head of innovation, design and merchandising. You have exceeded the maximum number of line items for your cart (50). Todays decision by the Supreme Court has made it harder to address the existential threat posed by the climate crisis, which affects all Americans, but disproportionately impacts low-income and historically marginalized communities. 949, 94950, 95461 (Nov. 2016), 2 Laura Scherer & Stephan Pfister, Hydropowers Biogenic Carbon Footprint, PLoS ONE (Sept. 14, 2016), 3Jake Beaulieu et al., Methane and Carbon Dioxide Emissions from Reservoirs: Controls and Upscaling, 125 J. Geophysical Rsch. On behalf of Patagonias employees and the planet we all depend on, I strongly urge your support for the once-in-a-generation opportunity to avoid the direst impacts of the climate crisis by supporting investments in clean energy in the budget reconciliation package. . This is another way weve found to do our part. These were adopted by our board of directors and shareholders for each of our US-based primary companies (Patagonia, Sign up for exclusive offers, original stories, activism awareness, events and more from Patagonia. Now I want to know, which companies will be next to step up? Dr. Alongside this announcement, Jenna Johnson has been promoted from leader of Patagonias technical outdoor biz to Head of Patagonia Inc. Press Release: o Annual and projected carbon equivalent emissions from mitigation programs, including fish hatcheries, non-volitional fish passage, and sediment management. September 14, 2022 PATAGONIA WORKS FISCAL YEAR 2013 7 In 2011, in preparation for our conversion to a benefit corporation, Patagonia developed specific public benefit purposes to reflect our values and mission. o Current loss of carbon sequestration from submerged landscapes and riparian forests downstream, and potential gains in carbon storage from restoration of those same landscapes. Everything we do needs to ladder back to our mission of being in business to save our home planet, and we need to do that in a way that is just, equitable and inclusive of all people. Patagonia Works is the holding company for Patagonia, Inc. (apparel and equipment), Patagonia Provisions (food), Patagonia Media (books, films and multimedia projects), Lost Arrow Solutions (government), Fletcher Chouinard Designs, Inc. (surfboards), Tin Shed Ventures, LLC (investments), and Worn Wear, Inc. (used and upcycled apparel). Founded by Yvon Chouinard in 1973, Patagonia Works (Patagonia) is a certified B Corporation based in Ventura, California. I dont like to think of myself as a businessman. Lisa Williams, who joined Patagonias product team in 2001, will assume a new executive role as head of innovation, design and merchandising. In contrast, current law requires corporations to prioritize the financialinterests of shareholders over the interests of workers, communities and the environment.In January 2012, Patagonia Inc. was one of the first companies in California to register as a B Corp. Eachcompany under the Patagonia Works will have a common, ethos-led mission and will register as a B Corp toensure that its values live in perpetuity. In addition to this role, Dr. Soley is Chairman and CEO of the Object Management Group. Family members will continue to sit on Patagonias board, along with Kris Tompkins, Dan Emmett, Dr. Ayana Elizabeth Johnson, Charles Conn (chair of the board), and Ryan Gellert, our CEO. If you are using a screen reader and having difficulty please call us at 1-800-638-6464. Re: Patagonias support for climate investments. The company announced today that Ryan Gellert will become CEO of Patagonia Works, the umbrella company for all its ventures, from clothing to smoked salmon to documentaries. by Patagonia, Kicking off its next 50 years, the company is going purpose instead of going public. In naming Gellert as CEO, Patagonias board of directors determined that his deep commitment to the companys mission and long-held values, as well as his international experience, best positioned Patagonia for success in these uncertain times. Sign up for exclusive offers, original stories, activism awareness, events and more from Patagonia. Rush and Upton, Jake Beaulieu et al., Methane and Carbon Dioxide Emissions from Reservoirs: Controls and Upscaling, 125 J. Geophysical Rsch. And, I am certain we will also have some fun along the way.. Biogeosciences 12, 19 (2020), 4Petition from Michael Hiatt, Earthjustice, to Michael Regan, Admr, EPA (Mar. It will make the company more competitive and its employees around the world will forever be empowered by purpose. Kristine McDivitt Tompkins, Every time you read a new scientific report, it's clear the climate crisis is happening faster than we thought and it's worse than we thought. The work ahead promises to be more important and satisfying than anything we have done so far, and we are beyond excited for what the future holds.. Sincerely, Michael HiattSenior Attorney Earthjustice, 1 See, e.g., Bridget Deemer et al., Greenhouse Gas Emissions from Reservoir Water Surfaces: A New Global Synthesis, 66 BioSci. As noted in a recent petition to the EPA signed by more than 140 organizations, Petition-for-rulemaking-to-add-dams-and-reservoirs-as-a-source-category-under-the-Greenhouse-Gas-Reporting-Program.pdf (tellthedamtruth.com), a growing body of research shows significant greenhouse gas emissions (including CO2 and CH4) from reservoirs and other dam and reservoir operations. Board of Directors & Advisory Board Environmental Defense Center . Why will each company under Patagonia Works beorganized as a B Corp? The work ahead promises to be more important and satisfying than anything we have done so far, and we are beyond excited for what the future holds.. 0000006513 00000 n
What a disaster that would have been. Since 2014, Gellert has overseen Patagonias business in Europe, the Middle East and Africa. 0000013972 00000 n
Text STOP to cancel. An avid climber and backcountry snowboarder, Ryan has climbed and ridden all over the world. By providing your email address, you agree to our Privacy Policy and Terms of Service. We can save our planet if we commit to it. Executive headshots can be downloadedHERE. As the Subcommittee considers future oversight and/or legislation regarding hydropower, we request that it recognize and evaluate hydropower facilities GHG emissions prior to taking any action. Ryan Gellert Chief Executive Officer Matt Dwyer VP, Product Impact & Innovation Glen Morden VP, Product Creation Cara Chacon VP, Social & Environmental Responsibility Bruce Old VP, Global Wholesale K. Corley Kenna Since 2014, Gellert has overseen Patagonias business in Europe, the Middle East and Africa. Thank you for hosting the May 12, 2022 hearing on Modernizing Hydropower: Licensing and Reforms for a Clean Energy Future, before the Subcommittee on Energy of the Committee on Energy and Commerce. Further, Gellerts attentiveness and dedication to seeing others excel, and his passion for Patagonias product and activism, made him the right choice for the organizations next chapter. Patagonia has selected a new chief executive officer of Patagonia Works: Ryan Gellert. Patagonia Board of Directors Names Ryan Gellert Chief Executive Officer of Patagonia Works and Promotes Jenna Johnson to Lead Patagonia, Inc. From Patagonia: Patagonia has selected a new chief executive officer of Patagonia Works: Ryan Gellert. Need it sooner? h1 01K\Ax'MF[!!' (|
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Patagonia will continue to donate 1% of sales each year to grassroots environmental nonprofits. 2023 Patagonia, Inc. All Rights Reserved. We are committed to the lifelong work of being better anti-racists and to being more inclusive as we live up to our mission of saving the planet, said Kris Tompkins, who was Patagonias first CEO and currently serves on the companys board of directors. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Founded by Yvon Chouinard in 1973, Patagonia Works ("Patagonia") is a certified B Corporation based in Ventura, California. I am honored and humbled by the opportunity and keenly aware of the responsibility to lead this company in this critical time, stated Gellert. Sign up for exclusive offers, original stories, activism awareness, events and more. The Patagonia Purpose Trust owns 2% of the company and all of the voting stock. Unfortunately, several participants at the hearing incorrectly characterized hydropower as a clean, carbon free resource. The estimated base pay is $153,865 per year. Our team would welcome the opportunity for more dialogue. Our participation helps us to stay at the forefront in developing environmentally conscious textiles, and enables us to share our experience with others from our many years using organic cotton and recycled fabrics. The Holdfast Collective owns all the nonvoting stock (98 percent of the total stock), and it will use every dollar received from Patagonia to protect nature and biodiversity, support thriving communities and fight the environmental crisis. In this role, she will accelerate Patagonias mission by leading breakthrough ideas in materials, carbon-capturing business models and design. Caring for employees is the responsibility of business. Today, my family and I are happy to launch $20 Million and Change, an internal fund to help like-minded, responsible start-up companies bring about positive benefit to the environment. A growing body of scientific studies over the past two decades have established that dams and reservoirs produce and emit substantial amounts of carbon dioxide, methane, and nitrous oxide.1 These greenhouse gas (GHG) emissions include reservoir surface emissions, which occur when dams trap organic material and leached synthetic fertilizers that decompose beneath a reservoirs water. The Final Report must address the fact that dams contribute significantly to climate change through emissions and amplification of other climate impacts. trailer
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Reduce inequity by targeting climate and clean energy investments in disadvantaged and frontline communities. Ayana Elizabeth Johnson, The current system of capitalism has made its gains at an enormous cost, including increasing inequality and widescale uncompensated environmental damage. There will be no changes to the Environmental Grants Program or the company's 1% for the Planet earth-tax. Taldi serves on the Board of Directors of the . Even public companies with good intentions are under too much pressure to create short-term gain at the expense of long-term vitality andresponsibility. Ryan Gellert, CEO of Patagonia and Patagonia board member said: 2430 0 obj
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Explore our guide to Patagonia. Gellert has overseen . He will be supported by our incredible leadership team, both new and ongoing, and staff of all levels, who have helped make our company what it is today. What is the Holdfast Collective and what does it do? Patagonia Works is the holding company for Patagonia, Inc. (apparel and equipment), Patagonia Provisions (food), Patagonia Media (books, films and multimedia projects), Lost Arrow Solutions (government), Fletcher Chouinard Designs, Inc. (surfboards), Tin Shed Ventures, LLC (investments), and Worn Wear, Inc. (used and upcycled apparel). Were in business to save our home planet. Weve pledged 1% of sales to the preservation and restoration of the natural environment. Concerned about the environmental impact? Williams will continue to report to the CEO in this critical new role. The estimated additional pay is $106,537 per year. Since 2014, he has elevated Patagonia to a position of leadership in Europes outdoor industry and environmental communities. We must aim for this ultimate goal: bringing wild species back to natural, self-sustaining abundance. oIRcOk#v'lXvCuJp< x,Z.E>BZ,M@rcl./Na)&l 9m7e^T+%8m40**IjibSe >x2z)g$M^( KsT\)GHSqxlpJ :N;]H:n` ^
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We are committed to the lifelong work of being more inclusive, being anti-racists is essential to our mission to save life on our home planet, said Kris Tompkins, who was Patagonias first CEO and currently serves on the companys board of directors. 0000004050 00000 n
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'GoF `ptbzV_ Tl PM 4 And while he is in good health now, he wanted to have a plan in place for the future of the company and the future of the planet. That said, Patagonia, the company my wife and I founded four decades ago, has grown up to by global standards a medium-size business. As a climber and backcountry snowboarder, Ryan loves the wild natural world and knows Patagonias customers as a peer. Everything we do needs to ladder back to our mission of being in business to save our home planet, and we need to do that in a way that is just, equitable and inclusive of all people. And while there will be more tough days ahead as we challenge norms, I am excited to do the work alongside Patagonias talented and passionate professionals. Its been nearly 50 years since we began our experiment in responsible business, and we are just getting started. Patagonia operates its apparel and equipment, food, and related businesses through the following subsidiaries: Patagonia, Inc. (apparel and equipment), Patagonia Provisions (food), Patagonia Media (books, films and multimedia projects), Fletcher Chouinard Designs, Inc. (surfboards), Tin Shed Ventures, LLC (investments), and Worn Wear, Inc. (used and upcycled apparel), and Great Pacific Child Development Center (onsite childcare and development). Whats changed now is that the company has additional stewardship from the Patagonia Purpose Trust. This commitment is part of our business charter, which means it now cant be changed without the approval of the Patagonia Purpose Trust. On March 21, 2022, Earthjustice submitted a rulemaking petition to the EPA requesting that the agency add dams and reservoirs to its Greenhouse Gas Reporting Program.4 Earthjustice submitted the petition on behalf of Patagonia and Save the Colorado, and over 130 other organizations joined the petition. Will Patagonia as a company continue to donate 1% of sales for the planet? And its true to form for my life-long friend and fellow environmentalist, Yvon Chouinard. Dan Emmett, Press images and illustration of Patagonias new structure: HERELetter to Our Community: You can find a PDF version HEREContact: For further information and interview requests: PatagoniaPress@patagonia.com. Further, Gellerts attentiveness and dedication to seeing others excel, and his passion for Patagonias product and activism, made him the right choice for the organizations next chapter. BY Sophie Mellor. Will Patagonia Works wholly own any of the companies it invests in?Not necessarily. Each year, profits that are not reinvested back into the business will be distributed by Patagonia as a dividend to the Holdfast Collective to help fight the climate crisis. Ryan Gellert has been named the new CEO of Patagonia Works- he has a proven track record and heaps of experience in leadership, international business, and the daily functioning of Patagonia, as well as their future goals. The Chouinard family will also guide the companys controlling shareholder, the Patagonia Purpose Trust, electing and overseeing Patagonias board of directors. Orders are shipped within 1-2 business days and arrive within 3-10 business days. Bloomberg Daybreak, anchored from New York, Boston, Washington DC and San Francisco provides listeners with everything they need to know. Patagonia continues to be a for-profit business, a certified B Corp and a California benefit corporation, making the best-quality products and honoring its obligation to preserve the financial health of the company while always considering the impact our business has on employees, customers and communitiesand on the health and vitality of the natural world. Soon after, the website Patagonia.com was updated to state that Earth is now our only shareholder and to include a letter from founder Yvon Chouinard. Patagonia Board of Directors Names Ryan Gellert Chief Executive Officer of Patagonia Works and Promotes Jenna Johnson to Lead Patagonia, Inc. 0 By Angling Trade on 09/25/2020 Industry News, People News Ryan Gellert Jenna Johnson From Patagonia: Patagonia has selected a new chief executive officer of Patagonia Works: Ryan Gellert. Ryan is the right person with the best experience and leadership approach to guide our company. Additional Quotes from Patagonia Board of Directors, I first met Yvon when he was around 24 and today, he is almost 84. The company is owned by Chouinard and Tompkins, who are the co-founders. Prior to his time at Patagonia, Gellert was president of Black Diamond, where he worked for nearly nine years and prior was a volunteer legal intern with the ACLU of Utah. Will Patagonia Works continue to donate one percent of sales to grassroots environmental groups?Absolutely. Here's how it works: 100% of the company's voting stock transfers to the Patagonia Purpose Trust, created to protect the company's values; and 100% of the nonvoting stock had been given to the Holdfast Collective, a nonprofit dedicated to fighting the environmental crisis and defending nature. It means supporting employees choices around if or when they have a child. We became a certified B Corp and a California benefit corporation, writing our values into our corporate charter so they would be preserved. PATAGONIA WORKS FISCAL YEAR 2013 7 In 2011, in preparation for our conversion to a benefit corporation, Patagonia developed specific public benefit purposes to reflect our values and mission. Patagonia's key executives include Ryan Gellert and 8 others. During that time, heelevated Patagonia to a position of leadership in Europes outdoor industry and environmental communities, overseeing all sales, marketing, environmental and operational activities for the brand. But Patagonia Works has been organized primarily to incubate new companies or investments that will, through an infusion of common values, make good on our commitment to save our home planet.. In a very short time, the Coalition has launched an index of social and environmental performance that designers (and eventually consumers) can use to make better decisions when developing products or choosing materials. Yvon Chouinard, Patagonia founder, former owner, and current board member said: Its been a half-century since we began our experiment in responsible business. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Whats the ideal age to start teaching a kid fly fishing? I am honored and humbled by the opportunity andkeenly aware of the responsibility to lead this company in this critical time, stated Gellert. No ones expectations of Patagonia are higher than our own. Were in business to save our home planet. Ryan is the right person with the best experience and leadership approach to guide our company. Prior to his appointment to this global role, Ryan spent six years as Patagonias general manager of Europe, the Middle East and Africa. Voting stock has both economic value and decision-making authority. Patagonia is not immune to the health, economic, social and climate crises we are facing, and the last year has been one of the most challenging in our companys history. It owns all of the voting stock of the company, which gives it the right to approve key company decisions, like who sits on the board of directors and what changes can be made to the companys legal charter, including its reason for being and B Corp commitments. Could Patagonia Works be considered an incubator for environmentally and socially responsiblecompanies?Absolutely. Ryan Gellert, CEO of Patagonia and Patagonia board member said: Two years ago, the Chouinard family challenged a few of us to develop a new structure with two central goals. It would also be a failure for the planet. Text STOP to cancel. Patagonia will remain a B Corp and continue to give one percent of sales each year to grassroots activists. No ones expectations of Patagonia are higher than our own. Flexible shipping options are available. Repeal the establishment of the Arctic National Wildlife Refuge oil and gas leasing program. Patagonia is not immune to the health, economic, social and climate crises we are facing, and the last year has been one of the most challenging in our companys history. This reporting will allow regulators, policymakers, and the public to have access to accurate and timely information on these facilities GHG emissions. With 20 years as an outdoor industry professional, and as a lifelong climber and someone who enjoys biking, running and skiing, she has deep roots in Patagonias sport communities. More recently, in 2018, we changed the companys purpose to: Were in business to save our home planet. The Willow Project is the largest oil extraction project currently proposed on U.S. federal lands. Patagonia Works will also serve as an umbrella for new businesses the company invests in or develops in the future. Patagonias new owners are the Holdfast Collective and the Patagonia Purpose Trust. Because we know prioritizing durability results in consuming less energy, wasting less water and creating less trash. Our Board of Directors Carolyn Shafer, President, has been part of the PARA board since 2012. 11 ; Sharing Best Practices . They will also guide the philanthropic work performed by the Holdfast Collective. Jenna Johnson, who previously led Patagonias technical outdoor business, will serve as head of Patagonia, Inc., where she will oversee Patagonias apparel and equipment division as the company works to align its business more strongly with its mission and sport communities. As a climber and backcountry snowboarder, Ryan loves the wild natural world and knows Patagonias customers as a peer. Her work focuses on fostering collaborative partnerships with a number of national nonprofits and decision-makers at the federal level to ensure access to and infrastructure for inspiring outdoor recreation opportunities. Patagonia respectfully asks the Bureau of Land Management and Biden Administration to require a comprehensive review of the climate and conservation consequences of the Willow Project. Flexible shipping options are available. Williams will continue to report to the CEO in this critical new role. But we couldnt be sure a new owner would maintain our values or keep our team of people around the world employed. The leadership of the company does not change. Twitter Instagram Facebook Google+ | Patagonia.com. Acting together, Patagonias board and the Patagonia Purpose Trust will work for the companys continued success over the long term while ensuring it stays true to its purpose and values. Twitter Instagram Facebook Google+ | Patagonia.com. Neither of these programs lead to self-sustaining ESA recovery goals and metrics. Note: This statement was originally posted on LinkedIn. This elite creative team also includes Tin Shed Ventures and Patagonias repair, share and recycle business, Worn Wear. Nonvoting stock carries economic value but not decision-making authority. hb```b`` a`e````@ G d`5,,;V1cec`gc)4Ei[awY*YzX21Uu5?V=lO2f(cC"[@s*ECB-l[@NO.*`2U84fv&Gv:m3cSK[Tb.P8"")Qr)\vYsrGPbGMx ? when the board of directors determines that doing so may produce a material positive impact on the environment. Since 2014, he has elevated Patagonia to a position ofleadership in Europes outdoor industry and environmental communities. Bloomberg Surveillance with Tom Keene, Jonathan Ferro & Lisa Abramowicz live from New York, bringing insight on global markets and the top business stories of the day. Sign up to receive our bi-monthly email newsletter. Under Ryans stewardship, Patagonia launched its first global environmental campaign around a European initiative: Save the Blue Heart of Europe, an international crusade toprotect the last wild rivers of Europe from over 3,000 planned hydropower projects. 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Dc and San Francisco provides listeners with everything they need to know, which companies be... Costs for mental health visits are covered company under Patagonia Works be considered an incubator for environmentally and responsiblecompanies... Co-Pay costs for mental health visits are covered Ryan loves the wild natural world and Patagonias... To it orders are shipped within 1-2 business days and arrive within 3-10 business days Wildlife Refuge oil and leasing... Project is the largest oil extraction Project currently proposed on U.S. federal lands programs! And amplification of other climate impacts, Worn Wear, Dr. Soley is Chairman and of... Getting started of our business charter, which means it now cant be changed without the approval of the environment. Strategy sessions Patagonia, Kicking off its next 50 years since we began our experiment in responsible business Worn... The fact that dams contribute significantly to climate change through emissions and amplification of other climate impacts Object Management.! % for the planet breakthrough ideas in materials, carbon-capturing business models and design to: were business! The philanthropic work performed by the Holdfast Collective long-term vitality andresponsibility our part began our experiment responsible... Caused less harm to the environmental Grants Program or the company is owned by Chouinard and Tompkins who! Be a failure for the planet material positive impact on the environment shipped within business. I want to know keep our team would welcome the opportunity for more dialogue responsible. Patagonia are higher than our own Object Management Group and Tompkins, who the... 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