Patagonia ECONOMIC

Supply Chain & Sourcing Relationships

Patagonia states that it works with factories and mills globally and provides a finished-goods supplier list, but the reviewed disclosure does not identify an Israeli supplier or an Israeli-made Patagonia product.¹

No public evidence identified of a direct relationship with Israeli agricultural exporters, seasonal Israeli-produce procurement, Israeli white-label sourcing, or a Patagonia-controlled Israeli importer-of-record entity.¹

Surf-Pass, the surf division of Ski-Pass Ltd., states that it imports and “exclusively distributes” Patagonia wetsuits and distributes to more than 30 shops while operating three retail outlets.² Its current Patagonia product page displays Patagonia wetsuit models, including R1, R1 Lite, and women’s R1/R2 products.³

Patagonia’s current European wetsuit-retailer directory lists “ski & snowboard,” Charlotte de Bourbon Street 14, Tel Aviv, Israel, as a location where Patagonia wetsuits can be purchased and links the listing to skipass.co.il.⁴ Patagonia characterizes the directory entries as surf shops or Patagonia stores, advises customers to confirm inventory with the retailer, and does not characterize the Tel Aviv listing as a Patagonia-owned store.⁴

Taken together, Patagonia’s retailer listing and Surf-Pass’s current representation corroborate an active third-party Israel-based sales channel for Patagonia wetsuits in 2026.^{2, 4, 3} They do not establish a Patagonia-issued appointment, importer-of-record status, contractual exclusivity, agreement start date, duration, territory, product volumes, shipment activity, or sales or delivery to settlements.^{2, 4, 3} no public evidence identified of a Patagonia distribution contract, appointment letter, customs declaration, importer registration, invoice, or other primary record that would resolve those matters.^{2, 4}

Product Origin, Labeling & Regulatory Compliance

No public evidence identified of Patagonia selling settlement-origin goods, receiving a country-of-origin enforcement action, or being subject to a customs or regulatory finding concerning occupied-territory product labels.^{1, 4, 5}

No public evidence identified of a Patagonia policy specifically addressing sourcing from, or labeling of, products connected to the occupied territories.^{1, 4}

The Tel Aviv retailer listing establishes retail availability of wetsuits through an identified third party, but does not establish product origin, ownership, importer status, sales volumes, or distribution to settlements.⁴

No public evidence identified of Patagonia sales, services, operations, sourcing, listings, or revenue in West Bank settlements, East Jerusalem settlements, or the Golan Heights.^{2, 4, 3}

Investment, Capital & Financial Exposure

Since September 2022, Patagonia states that Holdfast Collective holds 98% of Patagonia shares and all non-voting stock, while Patagonia Purpose Trust holds 2% of shares and all voting stock.⁶ Patagonia states that the voting stock carries decision-making rights, including authority over board membership and changes to the legal charter, and that excess profits not retained for reinvestment or reserves are distributed as dividends to Holdfast Collective.⁶ Patagonia’s FY25 Climate Risk Report likewise states that the Purpose Trust elects Patagonia’s board and that the board’s Finance, Risk and Impact Committee reviews ESG risks and opportunities.⁷

No public evidence identified of Patagonia-owned Israeli factories, research facilities, logistics hubs, real estate, acquired or controlled Israeli operating subsidiaries, Israeli sovereign-bond holdings, or Israel-focused fund investments.^{8, 6, 9}

No public evidence identified in the reviewed filings, Patagonia disclosures, and targeted searches of investments by Yvon Chouinard, Malinda P. Chouinard, Ryan Gellert, Charles Conn, Kris Tompkins, Dan Emmett, Dr. Ayana Elizabeth Johnson, Patagonia Purpose Trust, Holdfast Collective, or named Holdfast component trusts in Israeli operating companies, Israeli sovereign debt, settlement-active businesses, Israeli defence firms, or Israel-focused funds.^{6, 7, 10} This remains a bounded-search finding rather than proof of no exposure.^{6, 7, 10}

Patagonia’s current impact report refers to Holdfast Collective funding environmental work and records a June 2025 land-protection contribution in Georgia, United States; it does not identify Israel-related activity.¹⁰ That document-scoped observation does not establish the absence of other investments or grants.¹⁰

Patagonia Org, an affiliated Ventura, California 501(c)(3), reported $12,800,000 in contributions received and $13,117,226 in charitable disbursements for its fiscal year ending April 2024, and $10,111,300 in contributions received and $13,498,847 in charitable disbursements for its fiscal year ending April 2025.^{11, 12, 13, 14}

The complete primary FY2024 Form 990-PF grant schedule, filed 17 March 2025, was reviewed; text searches found no occurrence of “Israel” or “Palestin,” and no directly itemized Israeli-, settlement-, Palestinian-, or Israel/Palestine-named recipient was identified.¹⁴ The FY2024 return lists a $15,000 grant to Alliance for Global Justice, Tucson, Arizona, and a $4,160,000 grant to Charities Aid Foundation America, Alexandria, Virginia, each stated to support environmental projects.¹⁴ The return does not state an Israel/Palestine purpose, Israeli economic benefit, settlement connection, state-financing connection, or ultimate recipients of funds administered by CAF America.¹⁴ It also reports no controlled entity under the applicable tax-law question; that response concerns Patagonia Org rather than Patagonia Works or Patagonia, Inc.¹⁴

The FY2025 Form 990-PF, filed 12 March 2026, is confirmed by the public filing record, but its primary itemized recipient schedule did not render through the available interface despite direct retrieval attempts.¹² Targeted searches of available filing indexes and grant data did not identify an Israeli, settlement, Palestinian, or Israel/Palestine-named grantee; no public evidence identified, but this is not a certified complete-screen result because the recipient schedule could not be reviewed.^{12, 11} A secondary IRS-data republication reports 425 FY2025 grants but did not display recipient rows in the accessible view and is not evidence of individual grant recipients.¹¹

Accordingly, no grant to an Israeli entity, settlement-linked entity, Palestinian entity, Israel/Palestine-focused recipient, Israeli state-financing vehicle, or settlement enterprise has been verified from the reviewed FY2024–FY2025 materials, but recipient-by-recipient screening remains incomplete for FY2025.^{12, 14}

Operational Presence & Market Activity

Patagonia’s owned-and-operated-facilities page identifies offices in the United States, Netherlands, Japan, South Korea, Australia, Chile, and Argentina; two U.S. distribution centres; and more than 100 stores globally.⁸ Israel is not named on that corporate facilities page as an office or distribution-centre location, although that document-scoped omission does not exclude third-party retail or unreported activity.⁸

The Tel Aviv wetsuit-retailer listing supports an identified third-party Israeli retail channel, while Surf-Pass’s current pages support continued public availability through that channel in 2026.^{2, 4, 3} These sources establish neither a Patagonia-owned Israeli store, subsidiary, warehouse, importer, direct shipment volume, nor occupied-territory activity.^{2, 4, 3}

No public evidence identified of Patagonia-owned retail, logistics, office, warehouse, workforce, tax-registration, Israel-market revenue disclosure, or direct legal-entity operations in Israel or the occupied territories.^{8, 4, 3}

Corporate Structure & Foundational Ties

Patagonia Works describes Patagonia as founded by Yvon Chouinard in 1973, based in Ventura, California, and operating through Patagonia, Inc. as its apparel-and-equipment subsidiary.⁹ Patagonia identifies itself as a continuing for-profit California benefit corporation rather than a nonprofit.^{6, 15}

Patagonia Works lists operating subsidiaries including Patagonia, Inc., Patagonia Provisions, Patagonia Media, Fletcher Chouinard Designs, Inc., Tin Shed Ventures, LLC, Worn Wear, Inc., and Great Pacific Child Development Center, without identifying an Israeli subsidiary.⁹

Patagonia states that the Chouinard family guides the Patagonia Purpose Trust and Holdfast Collective’s philanthropic work, identifies Ryan Gellert as CEO, and names Charles Conn, Kris Tompkins, Dan Emmett, Dr. Ayana Elizabeth Johnson, and Ryan Gellert among board members alongside Chouinard-family members.⁶ Patagonia Org’s FY2024 return separately identifies Hans Cole as president; Hilary Dessouky as vice president, legal/general counsel, and secretary; Yvon Chouinard and Malinda P. Chouinard as directors; and Yvonne Besvold as CFO and treasurer.¹⁴ That roster concerns Patagonia Org and does not establish that each named person is a Patagonia, Inc. director.¹⁴

Patagonia Europe Coöperatief U.A.’s FY2020 accounts place its registered office in Amsterdam, state that the group principally imports and sells Patagonia-branded products, and identify its relationship within Patagonia International, Inc. and ultimately Patagonia Works.¹⁶ The UK overseas-entity register records the Dutch cooperative under registration number 55132456 at the Amsterdam address.¹⁷

No public evidence identified that Patagonia was founded, incorporated, headquartered, tax-resident, or controlled by capital in Israel, or that it has Israeli state ownership, state-appointed directors, Israel-specific governance rights, government contracts, critical-infrastructure designation, Preferred Technology Enterprise status, or a dual or legacy Israeli headquarters.^{8, 6, 9}

California’s business-entity guidance states that shareholder and beneficial-owner information is not a matter of record, limiting what can be resolved through that registry route.¹⁸ Israel’s Corporations Authority offers company-extract services, but no matched Patagonia Israeli legal-entity extract was located within the reported research limit.¹⁹

Profit Repatriation & Economic Contribution

Patagonia states that profits remaining after reinvestment and reserves are distributed to Holdfast Collective for environmental and community purposes, and the reviewed ownership disclosure does not describe profit repatriation to Israel.⁶

Patagonia’s international-grant guidelines list eligible organization locations that do not include Israel, although this applies only to that grant program and does not establish that Patagonia or affiliated entities have never made grants in Israel.²⁰

No public evidence identified of Israel-attributed Patagonia revenue, material Israeli tax contribution, or a public designation of Patagonia as economically significant to an Israeli sector.^{8, 4, 3}

The supplied document-scoped screening reported no Patagonia mention in the specified OHCHR settlement-database materials and named UN, NGO, investor, and civil-society reports; this does not establish database-wide or sector-wide absence.⁵

No public evidence identified in the reviewed materials of a Patagonia-specific UN listing, regulatory enforcement action, court proceeding, parliamentary record, Israeli political contribution, lobbying record, defence or IDF relationship, or primary-source corporate statement concerning settlement activity or Israel/Palestine.^{6, 12, 5}