Leadership matters.

Business Responds to Events in Ukraine​

At the Council for Inclusive Capitalism, we have been deeply alarmed by the tragedy unfolding in Ukraine. We have also been heartened by the business community’s determined response, from heartfelt statements of solidarity to humanitarian aid to the rapid adjustments being made to business strategies, investments, and operations.

Leadership from all sectors that upholds the rule of law is fundamental to strong economies and healthy and stable societies. Historical moments like these can change the social, economic, and political landscape for generations to come.

The private sector response to Russia’s invasion has been a remarkable show of leadership. It shows that business leaders understand the corrosive effect of international law violations to their companies, the markets they operate within, and their customers. It shows a recognition of businesses’ agency in upholding a rules-based order. Furthermore, these actions show that short-term profit matters less than acting to protect the stronger, dynamic economies and societies that provide the foundation of sustainable growth. Such a stand is not only the right thing to do – it is also in the best interest of companies over the longer term.

Together with the OECD and Business for Inclusive Growth (B4IG), the Council recently convened business leaders to share their actions and ideas for responding to this crisis and coordinate sustained support for those impacted by the events in Ukraine. While businesses face different circumstances that will determine whether and how to respond to these events, if you are looking for a pathway to action, consider supporting one of the organizations below that are mobilizing for those impacted by this crisis:

The International Trade Union Confederation (ITUC) has launched an emergency fundraising appeal for Ukraine. Funds donated will be channeled to two of ITUC’s on-the-ground member organizations, FPU and KVPU, to provide housing and supplies to families in Ukraine and in neighboring countries hosting refugees.

Welcome.US is a national initiative built to inspire, mobilize, and empower Americans to welcome and support those seeking refuge in the United States. They offer a wide range of resource and guidance for individuals and companies to sponsor and employ newcomers, as well as opportunities to donate funds and supplies to bolster others providing welcome.

The International Committee of the Red Cross (ICRC) has been working in Ukraine since 2014. Working closely with the Ukrainian Red Cross Society, they are increasing their response to the humanitarian needs in Ukraine through food, water, and other essential items; medical equipment for hospitals; and reconnecting families separated by escalating violence.

How Business Is Responding

Humanitarian aid & financial support

Allianz

10 million euros to support humanitarian efforts and 2.5 million euros to match employee donations. First million going to German Red Cross.
Read more →

AXA

Donated 6 million euros to non-governmental organizations in Ukraine.
Read more →

Bank of america

Pledged $1 million to relief efforts.
Read more →

BASF

Donated 1 million euros to the German Red Cross and will match employee donations made through BASF Stiftung or to UNHCR.
Read more →

BNP Baribas

Donated 10 million euros to UNHCR, the Red Cross, and Doctors Without Borders, and organized additional donations with collaborators and clients.
Read more →

Bayer AG

Established 3 million euro disaster relief fund.
Read more →

bp

Contributed $20 million to support humanitarian efforts.
Read more →

Capgemini

Committed to donate via UNICEF and Red Cross and to provide employees a dedicated platform to donate.
Read more →

The Clorox Company

Providing aid through the International Committee of the Red Cross (ICRC) and will match employee donations.
Read more →

Credit Agricole

Pledged 10 million euro donation through a solidarity fund.
Read more →

Dupont

Donated $200,000 to ICRC, and is matching 10% of donations from its employees up to $25,000.
Read more →

Estée Lauder Companies

ELC’s Charitable Foundation committed $1 million in relief support and ELC Good Works will double match eligible employee donations.
Read more →

Henkel

Committed to a financial aid package of 1 million euros.
Read more →

Johnson & Johnson

Pledged to donate $10 million to relief organizations and will match employee donations unlimited in amount.
Read more →

JP Morgan

Committed to 1 million euro company donation and will match employee donations dollar-for-dollar.
Read more →

Levi Strauss & Co

Pledged to donate more than $300,000 and double match employee donations up to $200,000.
Read more →

L’ORÉAL GROUP

Donate 1 million euros.
Read more →

LVMH Group

Donated 5 million euros to ICRC.
Read more →

MARS

Donated $2 million initial cash donation and committed $1.5 million in additional support through Working with Save the Children. $500,000 is pledged to Humane Society International.
Read more →

PayPal

Through PayPal Giving Fund, sponsored a website for zero-fee donations to aid organizations.
Read more →

Salesforce

Donated $2 million.
Read more →

Sodexo

Is creating a global employee donation platform, and will match employee donations.
Read more →

Thomas Schumann Capital

Launched the ‘30 for the Thirsty in Ukraine’ fund, which aims to provide 30 water purification facilities positioned near border crossings in EU countries surrounding Ukraine.
Read more →

Ylva

Donated 10,000 euros to UNICEF.
Read more →

In-kind Donations or Services

AirBNB

Funding short term housing for up to 100,000 people fleeing Ukraine.
Read more →

BAYER

Donated antibiotics and sterile medical items.
Read more →

BNP Paribas

Organized transportation from the Ukrainian border and housing, food, medical, banking, and financial assistance in Poland.

Launched 24/7 helpline and plans for long-term employment, education, and integration assistance for refugees.
Read more →

Estée Lauder Companies

Pledged donation of ELC products.
Read more →

Etsy

Canceled balances owed by all sellers on their platform in Ukraine.
Read more →

Fedex

Pledged $1 million of support through in-kind shipping.
Read more →

Gap Inc.

Donated $1 million worth of women’s and children’s clothing.
Read more →

Google

Offered office space in Warsaw to NGOs.
Read more →

Waived international calling fees from Ukraine and from the U.S. to Ukraine on Google Fi
Read more →

Johnson & Johnson

Pledged donation of hygiene kits, health packets and medical supplies.
Read more →

L’Oréal Group

Distributed 250,000 essential care and hygiene products.
Read more →

Roche

Pledged donation of 150,000 packages of antibiotics.
Read more →

Unilever

Pledged donation of 5 million euros worth of food, personal care, and hygiene products.
Read more →

Business Operational Action

AXA

Stopped all activity in Russia.
Read more →

bp

Divested nearly 20% stake in Rosneft.
Read more →

Will suspend operations in Russia.
Read more →

Boston consulting Group

Will suspend all client work in Russia.
Read more →

BNP Paribas

Suspended operations in Russia and removed penalties for late payments and international fees for Ukrainian credit/debit cards while deferring payment dates.
Read more →

CalPERS

Will end new investments in Russia.
Read more →

Capgemini

Will suspend operation sin Russia.
Read more →

The Clorox Company

Will suspend business operation s in Russia.
Read more →

Danone

Will maintain production and distribution of dairy products in Russia, but suspended all investment projects in Russia.
Read more →

Deloitte

Will end operations in Russia and Belarus.
Read more →

DuPont

Will suspend business operations in Russia and Belarus.
Read more →

Eni

Will sell 50% stake in Blue Stream Pipeline Company BV.
Read more →

Estée Lauder Companies

Will suspend all commercial activity in Russia.
Read more →

EY

Will end operations in Russia.
Read more →

IBM

Suspended all business operations in Russia.
Read more →

Kering

Will temporarily close stores in Russia.
Read more →

Legal & General

Will seek to sell its positions in sanctioned Russian companies and provide legal support to their customers who wish to welcome people fleeing Ukraine into their homes as guests.
Read more →

Levi Strauss & Co

Will suspend commercial operations in Russia, including any new investments.
Read more →

Mastercard

Complied with regulatory commitments, and will suspend network services in Russia.
Read more →

Merck

Will make no further investments in Russia, but continue to supply medicines and vaccines.
Read more →

Michelin

Suspended operations in Russia.
Read more →

Microsoft

Will suspend new sales of Microsoft products in Russia.
Read more →

Nestlé

Will provide only essential food products in Russia, and suspended all capital investment.
Read more →

PayPal

Shut down services in Russia.
Read more →

Ricoh

Will suspend shipments of all devices to Russia.
Read more →

Siemens

Will suspend operations in Russia.
Read more →

Siemens Energy AG

Will stop all new business in Russia.
Read more →

UniCredit

Will consider exiting Russia. 
Read more →

Unilever

Stopped all operations in Russia.
Read more →

U.S. State Treasurers

Dozens of U.S. State Treasurers, including Council steering committee member Fiona Ma, signed a public joint statement condemning Russia’s attack and pledging divestment in response.
Read more →

Visa

Complied with regulatory commitments, and will suspend network services in Russia.
Read more →

Information and Connectivity Updates

Cogent communications

Shut down internet services to Russian clients. .
Read more →

Google

Stopped selling online advertising in Russia.
Read more →

Meta

Restricted access to posts on Facebook and Instagram linked to Russian state-controlled media.
Read more →

Procter & Gamble Co

Will stop spending on capital investments, advertising, and promotions. Read more →

Roku

Will remove Russian state-controlled media from its platform. Read more →

Snap

Stopped advertising in Russia, Belarus and Ukraine. Read more →

Spotify

Removed or restricted the discoverability of shows owned and operated by Russian state-affiliated media. Read more →

Twitter

Paused advertisements in Ukraine and Russia. Read more →

YouTube

Blocked channels and suspends ads connected to Russian state-controlled media.
Read more →
Statements of Support

Additional lists of business actions Are available from:

Share your actions

Leadership from all sectors is essential in this crisis, and businesses are responding with urgency and purpose. Share what you are doing so that all may learn from your work to support those impacted by the tragedy in Ukraine and uphold international law.

Join Fellow Leaders

Recognizing it will take alignment of all our organizations to scale impact globally, we invite you to join the movement as a Steward of Inclusive Capitalism. Together, the collective action of Council members will contribute to a fairer, more inclusive and sustainable future for all people and our planet.