Wednesday, October 17, 2012

Week 3 EOC: Making money for good



Patagonia is one such company. They do things in an environmental way and donate money for the environment.
“Patagonia's corporate identity is built on philanthropy and environmental consciousness. Employees can take up to two weeks of paid leave annually to work for a nonprofit environmental group of their choosing.” http://www.inc.com/top-workplaces/2010/profile/patagonia-richard-sheahan.html
High-end outdoor clothier and gear maker Patagonia Inc. is out to prove that a company can generate strong sales while being nearly fanatical about environmental concerns. The Ventura company was the first major clothier to make fleece jackets out of recycled bottles. Nearly a third of the power for its headquarters and adjoining child-care center comes from solar. And it donates 1% of its sales to environmental causes.”  http://articles.latimes.com/2012/may/24/business/la-fi-patagonia-20120525

The founder of Patagonia, Yvon Choinard said:
"No business can be done on a dead planet. A company that is taking the long view must accept that it has an obligation to minimize its impact on the natural environment" ….
after a few months of soul searching, they concluded that the money the company was contributing to environmental causes barely made a dent in the world's problems and that the greatest good they could do would be to develop Patagonia as an exemplar for other companies to emulate. Their idea was that business firms could educate and lead consumers to become environmentally responsible and, in turn, consumers could influence government policy. (Chouinard, 1995). http://www.anbhf.org/Fellows/ychouinard.htm

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