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I certainly applaud business leaders who are willing to make commitments like this - though is it just me, or is it kind of sad that in the current business env
by ajdlinux 7y ago
I certainly applaud business leaders who are willing to make commitments like this - though is it just me, or is it kind of sad that in the current business environment, a 1% pledge is considered ambitious?
- boulos 7y agoI think Patagonia actually still does max(10% profits, 1% revenue) which is where their 1% project came from. For a retailer, 1% of gross can be huge. I agree that in other industries with high margins, 1% (even of revenue) is pretty small. The FAQ says that: > Our members have given more than $225 million back to environmental nonprofits since 2002. which I think agrees, as that’s under $15M/yr average (though I assume heavily weighted towards recent data).
- ajdlinux 7y agoYeah, that's a fair point - for high volume/low margin industries 1% of revenue is quite a bit of profit. I'm much more impressed by a pledge to give 1% of revenue than, e.g., https://pledge1percent.org/profit.html https://pledge1percent.org/profit.html which commits to 1% of profit.