Earth is now our sole shareholder
Interview with Ludwig Forrest - King Baudouin Foundation
Under the powerful title, "The earth is now our sole shareholder," the founder and CEO of Patagonia has published a special intention.
In agreement with his heirs, he is transferring all the shares of his company to a foundation and a non-profit organization. They are to use the company's annual profits to fight the climate crisis and work for conservation worldwide.
At GUBERNA, of course, we like to look at this decision through the lens of governance. That's why we invited Ludwig Forrest, head of philanthropy at the King Baudouin Foundation, to our studio. This was an opportunity to learn more about this initiative, but also, more generally, about foundation governance and the place of foundations in the Sustainable Development Goals (SDGs).
This interview appeared in Board Radar. Watch the full episode here.
