Last Monday, we discussed corporate strategies regarding Ukraine and Russia. In just one week, the number of firms exiting or reducing their Russia footprints grew substantially. For many latecomers, pressure from Congress, consumers, stockholders, and social media led to the strategic changes. With that in mind, we present an update on business social responsibility and Ukraine.
One Week Later: Update on Business Social Responsibility and Ukraine
Since Putin’s devastating invasion of Ukraine began, 350 companies announced their withdrawal from Russia. But some companies continued to operate in Russia undeterred. The complete lists can be seen at the link above. Download the lists by clicking here.
When the list was first published on Monday, February 28, only several dozen companies had announced their departure.
Below are snippets of the two lists, with descriptions of the strategic decisions.