CEF Spotlight

Special Focus: Corporate Responses to Russia-Ukraine War

[last updated 04.8.22 by CEF]

Platforms monitoring corporate responses:

Yale School of Management tracks over 800 companies’ responses to the war, organized into five categories and graded on a school-style letter grade scale of A-F for the completeness of withdrawal. MORE »

Just Capital is tracking corporate actions, sorted by sector. MORE »

The Good Lobby and Progressive Shopper established an index outlining companies’ action or inaction. MORE »

The U.S. Chamber of Commerce Foundation is tracking corporate philanthropy and humanitarian efforts. MORE »

CEF members that have suspended business activities with Russia:

3M is suspending all business operations in Russia. MORE »

ADM is scaling back business activities in Russia but will continue to operate “essential” food facilities there. MORE »

Amazon blocked new Amazon Web Services sign-ups in Russia and Belarus, and suspended shipment of retail products to customers in those countries. MORE »

Apple stopped selling products in Russia, stopped the Apple Pay service in Russia, and restricted apps for Russian state news outlets. MORE »

BASF halted all new business in Russia and Belarus, “with the exception of those serving food production as part of humanitarian measures.” MORE »

BlackRock suspended purchases of Russian securities across its actively managed funds and index funds. MORE »

Bloomberg suspended Bloomberg News journalists’ work inside Russia. MORE »

Boeing paused purchasing titanium from Russia, ceased major operations in its Moscow office, and ceased services for Russian airlines. MORE » MORE 2 »

CBRE is discontinuing most business in Russia. MORE »

Chevron paused all transactions and sales of refining products, lubricants, and chemicals. MORE »

Cisco is stopping all business operations in Russia and Belarus. MORE »

Dell suspended product sales in Russia. MORE »

Dow suspended all purchases of feedstocks and energy from Russia, “significantly reduced its operations and product offerings” in Russia, and stopped all investments in the region. MORE »

ExxonMobil will make no new investments in Russia, will stop operating the Sakhalin-1 oil and gas venture, and is creating plans to exit the venture. MORE »

Ford suspended operations in Russia “until further notice.” MORE »

GE is suspending operations in Russia, “with the exception of providing essential medical equipment and supporting existing power services in the region.” MORE »

General Motors suspended all vehicle exports to Russia “until further notice.” MORE »

Google suspended all advertising in Russia, banned Russian state media from YouTube in Europe and won’t permit such content on Google News, and restricted access to certain Russian YouTube channels in Ukraine. MORE »

Honeywell “suspended substantially” all sales, distribution, and service activities in Russia and Belarus. MORE»

HP suspended product shipments to Russia. MORE »

HPE suspended all shipments to Russia. MORE »

Hyatt suspended development activities and new investments in Russia. MORE »

Johnson & Johnson paused patient enrollment in ongoing trials in Ukraine, Russia, and Belarus. MORE »

JPMorgan Chase & Co. is “actively unwinding Russian business” and not “pursuing any new business in Russia,” and will exclude Russia and Belarus from certain indexes. MORE » MORE 2 »

Kimberly-Clark suspended all media, advertising and promotional activity and paused capital investments at its Stupino, Russia facility. MORE »

Marriott International closed its Moscow corporate office, suspended the opening of upcoming hotels, and suspended all future hotel development and investment in Russia. MORE »

Mastercard is suspending operations in Russia (and continuing to provide pay and benefits for Russian colleagues) and working with governments and global partners to ensure its systems are stable and secure. MORE » MORE 2 »

McDonald’s is temporarily closing its restaurants in Russia (and continuing to pay employee salaries). MORE »

McKinsey & Co. stopped work for Russian government entities, will cease existing work with state-owned entities, won’t take any new client work in Russia, and will suspend all client service work in the country “after [its] remaining engagements in Russia conclude.” MORE »

Meta has made ongoing changes to its platforms, including “implementing more transparency and restrictions” to combat misinformation, providing tools “to help [its] community access crucial resources,” and adding safety features. MORE »

Microsoft suspended new sales of products and services in Russia, and is stopping many aspects of its business in Russia. MORE »

Nalco Water (an Ecolab Company) suspended services except services critical to health. MORE »

Netflix suspended its service in Russia and won’t carry Russian propaganda channels. MORE »

Oracle suspended all operations in Russia. MORE »

PepsiCo suspended production and sales of Pepsi-Cola and its global beverage brands in Russia; will suspend capital investments, all advertising, and all promotional activities in Russia; and suspended operations in Ukraine. MORE »

Procter & Gamble suspended operations in Ukraine, discontinued all new capital investments in Russia, reduced its Russian product portfolio to essential items, and is suspending all media, advertising, and promotional activity in Russia. MORE »

Samsung suspended shipments to Russia. MORE »

Schlumberger stopped new investment and technology deployment to our Russia operations. MORE »

Schneider Electric suspended new project investments and deliveries in Russia and Belarus. MORE »

Siemens halted all new business in Russia and deliveries to Russia, and will continue with existing activities “ensuring strict adherence to sanctions.” MORE »

The Walt Disney Company paused all theatrical releases in Russia. MORE »

Unilever stopped Ukrainian business operations; suspended all product imports and exports to/from Russia (except essential goods); and won’t invest any more capital in Russia or profit from its presence there. MORE »

UPS suspended operations in Russia, Ukraine, and Belarus. MORE »

Visa is suspending all operations in Russia. MORE »

CEF members engaging in philanthropic and humanitarian efforts:

3M donated over $3.7 million to directly support relief efforts and basic needs, including food, shelter and clean water, as well as access to education and mental health resources. MORE »

Amazon is donating $5 million to organizations providing critical support in Ukraine, matching up to $5 million in additional donations from employees, and providing cybersecurity support through AWS. MORE »

Apple will donate to charities helping Ukrainians and match employee donations 2:1 for eligible organizations. MORE »

Bank of America pledged to donate $1 million to various nonprofits and will match employee donations. MORE»

Boeing announced a $2 million humanitarian response package for Ukraine and will match all qualifying employee contributions. MORE »

CBRE is providing assistance for employees of its affiliate in Ukraine and launched a global fundraising campaign for the UNHCR. MORE »

Cisco is providing support for Ukrainian employees, software and services for Ukrainian customers, and cybersecurity support. MORE »

Dow contributed $275,000 to support the International Red Cross Movement through CAF America. MORE »

Duke Energy Foundation donated $50,000 ($25,000 to USO supporting deploying service members and their families & $25,000 to The Red Cross for direct aid). MORE »

Ford is donating $100,000 to the Global Giving Ukraine Relief Fund through the Ford Fund. MORE »

General Electric and its Foundation committed $4.5 million to provide immediate support to Ukraine and neighboring countries welcoming refugees. MORE »

General Motors will donate $250,000 to the IRC and match US employee contributions to nonprofits up to $50,000. MORE »

Google employees and Google.org are contributing $25 million in donations and other support for Ukraine relief efforts. Google launched an “SOS Alert” on Search in Ukraine to help people find UN resources and is offering free services. MORE »

Hyatt is providing refugee accommodations across Europe, sending supplies to Ukraine, and providing job transfers and a relief fund for Hyatt colleagues. MORE »

Johnson & Johnson is donating $5 million to support humanitarian organizations, launching an unlimited employee donation-matching program, and donating health and hygiene products. MORE »

JPMorgan Chase & Co. is contributing $1 million to aid efforts in Ukraine and will match employee contributions. MORE »

Kaiser Permanente is matching employee donations dollar for dollar, up to $200,000. MORE »

Kimberly-Clark is donating $1 million in financial aid and health and hygiene products. MORE »

Liberty Mutual will match employee donations 100% to certain organizations responding to the crisis in Eastern Europe that the company has vetted. MORE »

Lockheed Martin is committing aid, funding new shelters, ensuring delivery of medical supplies, and offering financial support to employees hosting refugees. MORE »

Marriott International earmarked $1 million for its associate relief fund and will continue relief efforts “including housing refugees at Marriott properties in neighboring countries.” MORE »

Mastercard announced a $2 million contribution for humanitarian relief. MORE »

Meta pledged to provide $15 million for humanitarian efforts, including $10 million in ad credits for nonprofits, and is “making aggregated data on social connections available to trusted organizations” as part of the Data for Good program. MORE »

Microsoft is partnering with Ukrainian officials to provide cybersecurity, “defending … groups from ongoing cyberattacks,” and providing technology and financial support for NGOs. MORE »

Oracle provided $1 million in humanitarian support for Ukraine. MORE »

PepsiCo is donating a total of $4 million to aid organizations, matching up to $1 million of employee donations, providing on-the-ground aid for Ukrainian refugees, and donating essential goods. MORE »

Procter & Gamble is providing a multi-million-dollar relief package, evacuation assistance, and “food, shelter and essential products for P&G families.” MORE »

Samsung is donating $6 million (including $1 million in consumer electronics) and employee donations for humanitarian efforts “around the region.” MORE »

The Walt Disney Company is working with NGOs “to provide urgent aid and other humanitarian assistance to refugees.” MORE »

Unilever is offering Ukrainian employees evacuation assistance and financial support, and pledged to donate $5.5 million of essential Unilever products. MORE »

UPS is “partnering with and providing $1 million in initial emergency funding and in-kind support to” aid organizations through The UPS Foundation, coordinating support for its Ukrainian employees, and assisting with refugee response efforts. MORE »

Visa will provide a $2 million grant through the Visa Foundation to aid Ukraine and “double match” employee donations, up to $1 million. MORE »

Wells Fargo will donate $1 million and employee donations to nonprofits, “as well as support services for U.S. service members.” MORE »

CEF is monitoring corporate announcements and will update the featured lists accordingly. Please direct contributions and adjustments to Deputy Director Mike Rama: mike@corporateecoforum.com.

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