Last year, Patagonia Works announced the launch of $20 Million & Change, an investment fund for companies and initiatives that, in the words of our founder Yvon Chouinard, “work with nature rather than use it up.” We promised to update you from time to time on how this project is shaping up.
We’re entering into an agreement with Kina‘ole Capital Partners to create a $27 million fund that will purchase more than 1,000 rooftop solar power systems in Hawai‘i, where most homeowners currently use electricity generated by coal and oil.
If more businesses followed this investment strategy, we’d have a full-on renewable energy movement on our hands. Conventional wisdom too often assumes business success is incompatible with helping the planet. This investment shows we can do good business by working with nature, rather than using it up—and we’re providing a roadmap for other companies interested in getting their dollars involved too.
Read how it works—and then help us spread the word on social media!