Businesses Transformed By Impact

October 18, 2022

Momentum in integrating impact into business continues to transform businesses both small and large. Recently the founder of Patagonia, a US leader in Outdoor clothing that operates stores in 10+ countries globally, decided to give away his company to help fight climate change

“Instead of extracting value from nature and transforming it into wealth, we are using the wealth Patagonia creates to protect the source. We’re making Earth our only shareholder. I am dead serious about saving this planet.”

The Patagonia Purpose Trust will control all voting stock of the company (2%), while the Holdfast Collective, a climate change nonprofit, will own all nonvoting stock (98%).

Meanwhile Builders Vision, an investing and philanthropy platform of billionaire Lukas Walton, set a new high mark when they shifted its $1 billion endowment into Impact Investments

Chicago-based Builders Vision will announce today that its Builders Initiative Foundation has moved 90% of its endowment into “mission-related” investments — investments in keeping with Builder’s broader goals of sustainability and equity. Most foundations have 20% or less of their endowments in ESG or impact investments, so the 90% level sets a new benchmark for family offices and foundations.

Given CommonGood Capital’s mission to help RIAs create deeper, more meaningful intergenerational relationships with their clients, create alignment with investor capital and the local and global opportunities they care about, and to be a source of advice and implementation of innovative impact investment opportunities – it’s exciting to see such far reaching businesses embrace Impact in such a big way.

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