The what? Henkel has made its stance on the Russian invasion of Ukraine clear, announcing that it will freeze future investment plans in Russia, stop all advertising in state-owned media and all sponsoring activities.
The details The company has also launched a 1 million euro financial aid package for Ukraine.
In a statement, Henkel said it is doing everything possible to support affected employees in ‘this dramatic situation.’
“Last week, the company launched a financial aid package of more than 1 million euros. This contains for example financial emergency aid for each affected colleague, a financial donation to the International Red Cross and paid time-off for all volunteers who support refugees or aid organizations at the borders,” the company said.
For now, Henkel will continue to supply essential goods in Russia, for example household and personal hygiene products.
Henkel has stated it will closely monitor the dynamic situation and decide on further measures
The why? Henkel CEO Carsten Knobe said that the company shares the shock about the war in Ukraine, and stands behind the call of the global community on Russia to immediately withdraw its military forces from Ukraine.
He continued, “We hope that a diplomatic solution can still be found, and the fighting can be ended to avoid further suffering and a humanitarian crisis. Our highest priority in this situation is the safety of our colleagues in Ukraine, and we are doing everything possible to support them in this dramatic situation.
“We fully comply with all sanctions against Russia and its government, and the financial sector. Beyond the sanctions, we will freeze all future investments in Russia, for example for site expansions. We have also stopped all advertising in state media and will cancel all sponsoring activities in Russia.”
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