ESG Transparency at Work: Over 450 Companies Withdraw from Russia—But Some Remain

We often hear that people feel helpless in the face of affecting environmental, social and governance change in the world. In fact, you have more power than you think. You can vote, you can protest, and you can make your voice heard. But most importantly, you can use your dollars to support the companies and causes that align with your values. On the other hand, you can also use your dollars to companies know that you find their actions questionable. This list is a good example of how individuals and businesses can affect change around the world by letting these companies know how you feel.

Information is Ammunition

You can download the latest version Here or get it on the Yale website.

Since the invasion of Ukraine began, over 450 companies have announced their withdrawal from Russia— but some companies have continued to operate in Russia undeterred. Originally conceptualized as a simple “withdraw” vs. “remain” list, our new list of companies now consists of five categories:

1) WITHDRAWAL – Clean Break: companies completely halting Russian engagements/exiting Russia;

1) WITHDRAWAL – Clean Break: companies completely halting Russian engagements/exiting Russia;

2) SUSPENSION – Keeping Options Open for Return: companies temporarily curtailing operations while keeping return options open;

3) SCALING BACK – Reducing Activities: companies scaling back some business operations while continuing others;

4) BUYING TIME – Holding Off New Investments/Developments: companies postponing future planned investment/development/marketing while continuing substantive business;

5) DIGGING IN – Defying Demands for Exit: companies defying demands for exit/reduction of activities

When this list was first published the week of February 28, only several dozen companies had announced their departure.

Yale University is a private Ivy League research institution in New Haven, Connecticut. It was founded as the Collegiate School in 1701 and is the oldest educational institution in the United States and one of the most prestigious universities in the world.

Click here to view original web page at som.yale.edu

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