, a local Sinn Féin councillor, told Radio Kerry this week that the company should suspend its operations in Russia.It might not be enough to worry Kerry’s boardroom, but that doesn’t mean it won’t be the start of something.
The lack of a consumer profile might help some Irish companies avoid the worst of public anger over doing business in Vladimir Putin’s Russia. But if institutional shareholders start to kick up over it, it is likely to be a different story. Investors these days love to vaunt their environmental, social and governance standards. ESG is the acronym du jour for image-conscious institutions. How will ESG policies square with continuing to hold shares in businesses that stay the course in a country run by an aggressive regime that appears to threaten the future of Europe?
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Companies cut Russia operations and tradeCompanies around the world have taken action to limit, put on hold or exit business activities in Russia following a wave of sanctions imposed after Moscow's invasion of Ukraine.
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