Patagoni Evaluating A Company In The Green Star Project
Logan Carroll
Professor Wyant
THEO 421
14 April 2023
Purchasing Habits
As a St. Thomas student, I have learned the value of ethical and sustainable practices. As a finance major, I have learned that being ethical in business decisions is of the utmost importance. I am glad that in the last four years, I have also heard about businesses becoming more sustainable. In this economy, sustainability is critical for a circular future. Sustainability is the practice of running a business in such a way that it has no negative impact on the environment, community, or society (Spiliakos, 2018). The goal of sustainability should be to have a positive impact on the world and to demonstrate the positive impact that a company has on the environment and society.
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Patagonia's goods and services are focused on quality, integrity, environmental stewardship, and justice. That is why I wanted to delve deeper into their core values and put them to the test in terms of sustainability and ethics. The first test I wanted to look at was the article "How to Evaluate a Company" in The Green Star Project. I looked at how Patagonia ranked, and they received a score of 12/14 on the company's ethics, which is outstanding. They were the highest ranked company in the industry and the only one with a green rating for ethics. Patagonia is on the right track in terms of sustainability and ethical decision …show more content…
Patagonia has also been a vocal supporter of social justice issues, opposing new oil and gas pipeline construction and promoting efforts to protect public lands (Patagonia).
Patagonia's commitment to corporate social responsibility is another important aspect of its ethical and sustainable practices. The company has prioritized giving back to the community through its Patagonia Action Works program, which provides resources and support to grassroots environmental organizations. Patagonia has also created an employee activism program to encourage employees to get involved in environmental and social justice issues (Patagonia).
Their commitment to corporate social responsibility extends beyond its own operations. Furthermore, the company has been a trailblazer in promoting industry-wide sustainability initiatives. For example, Patagonia co-founded the Sustainable Apparel Coalition, which is working to develop a set of common environmental and social responsibility standards for the apparel industry (Sustainable Apparel Coalition,
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