• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic

3

Ikea’s billionaire founder was so frugal that he bought clothes from flea markets and took free salt and pepper from restaurants

1

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic

3

Ikea’s billionaire founder was so frugal that he bought clothes from flea markets and took free salt and pepper from restaurants
CommentaryUkraine invasion

To help Ukraine, business should continue to stay out of Russia—and speed up the transition to clean energy

By
The B Team
The B Team
Down Arrow Button Icon
By
The B Team
The B Team
Down Arrow Button Icon
April 22, 2022, 12:01 AM ET
Demonstrators hold Ukrainian flags on Maidan Square in Kyiv, Ukraine on March 9, 2022. "In a moment like this—a moment that has shocked the world and awakened our common humanity—trusted leaders have a moral obligation to lead," the authors write.
Demonstrators hold Ukrainian flags on Maidan Square in Kyiv, Ukraine on March 9, 2022. "In a moment like this—a moment that has shocked the world and awakened our common humanity—trusted leaders have a moral obligation to lead," the authors write.(Photo by Diego Herrera Carcedo/Anadolu Agency via Getty Images)
Add Fortune on Google for similar content.

The B Team is a global collective of business and civil society leaders advocating a better way of doing business for people and the planet. This week, several B Team leaders, including Richard Branson of Virgin, IKEA’s Jesper Brodin, and former president of Ireland Mary Robinson, issued a statement of principle in response to Russia’s invasion of Ukraine. Here is the full text of that statement.

Statement of principle on Russia’s unprovoked invasion of Ukraine

Business leaders aim for their companies to prosper, but we mustn’t forget the order of things: Peace promotes stability. Stability makes space for opportunity. Opportunity builds prosperity.

Now is not the time for neutrality. Russia’s invasion is unprovoked and unacceptable. Evidence of atrocities committed by Russian troops on Ukrainian civilians, including women and children, is mounting.

We believe in a society that safeguards basic rights, upholds the rules-based international order and embraces our common humanity. Russia’s actions threaten this kind of society.

We value humanity; human lives are being destroyed. We value freedom; Russia’s actions threaten freedom everywhere. We value opportunity and shared prosperity; the instability wrought by this war endangers both on a global scale.

Beyond values, here’s another reason why business leaders cannot afford to be silent: Business is the most trusted institution. Today, societal leadership is seen as a core function of business. Our customers expect it; our employees demand it.

In a moment like this—a moment that has shocked the world and awakened our common humanity—trusted leaders have a moral obligation to lead.

Global companies by and large have condemned Russia’s actions and rushed to ensure the safety and wellbeing of impacted employees. Hundreds have withdrawn or suspended operations and investment in Russia. Several businesses are going further, providing support and needed services to Ukrainian refugees and their families. Regrettably, some companies are yet to follow this course of action.

It’s right to express outrage. It’s wise to avoid complicity. It’s good to try and improve a horrible situation.

Still, we can go further; our values compel us. Business has a role to play in raising the entry hurdles to unprovoked armed conflict so that no country dares take the chance again.

We will only consider resuming suspended business and investment activities in Russia when hostile operations cease and peace is restored. In the meantime, we continue to support on-the-ground humanitarian efforts.

This moment is a reckoning for leaders everywhere, especially in Europe. What is obvious is not always easy. Ending Europe’s dependence on Russian oil, gas and coal will not be achieved overnight, but it must be the urgent goal we set for ourselves—governments and industry alike.

This unspeakable tragedy underlines the necessity to dramatically accelerate a just transition to clean energy—to preserve our environment, strengthen geopolitical security and defend human rights. If not now, when?

Signed,

Jesper Brodin, CEO, Ingka Group (IKEA); chair, The B Team

Sharan Burrow, general secretary, International Trade Union Confederation; vice-chair, The B Team

Sir Richard Branson, founder, Virgin Group; co-founder, The B Team

Jochen Zeitz, president, CEO & chair, Harley-Davidson, Inc.; co-founder, The B Team

Ester Baiget, president & CEO, Novozymes

Oliver Bäte, CEO, Allianz

Kathy Calvin, former president & CEO, UN Foundation

David Crane, former CEO, NRG Energy

Emmanuel Faber, former CEO & chair, Danone; chair; International Sustainability Standards Board

Christiana Figueres, founding partner, Global Optimism; former executive secretary, UN Framework Convention on Climate Change

Mats Granryd, director general, GSMA

André Hoffmann, vice chair, Roche Holding AG

Arianna Huffington, founder & CEO, Thrive Global

Dr. Mo Ibrahim, founder, Celtel; founder & chair, Mo Ibrahim Foundation

Ilham Kadri, CEO & president, Solvay

Yolanda Kakabadse, former president, World Wildlife Fund International

Joe Kenner, president & CEO, Greyston

Isabelle Kocher, former CEO, Engie

Van Jones, founder, Dream Corps

Andrew Liveris, chair emeritus & former CEO, Dow Chemical

Hiro Mizuno, UN Special Envoy on Innovative Finance and Sustainable Investments; former chief investment officer, Government Pension Investment Fund of Japan

Jean Oelwang, founding CEO & president, Virgin Unite

Torben Möger Pedersen, CEO, PensionDanmark

Paul Polman, former CEO, Unilever; co-author, Net Positive

Mary Robinson, former President of Ireland; chair, The Elders

Hamdi Ulukaya, founder, chair & CEO, Chobani; founder, Tent Partnership for Refugees

Never miss a story: Follow your favorite topics and authors to get a personalized email with the journalism that matters most to you.
About the Author
By The B Team
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Commentary

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Commentary

nido
Commentary250 Years of Innovation
As an immigrant turned entrepreneur and college president, here is why I celebrate our nation as it turns 250
By Nido R. QubeinJune 25, 2026
17 hours ago
Asia’s defense boom is rewiring the global arms supply chain
Commentaryarms, weapons, and defense
Asia’s defense boom is rewiring the global arms supply chain
By Chris OberoiJune 24, 2026
1 day ago
steve
Commentary250 Years of Innovation
Steve Case: America was built by entrepreneurs. Here’s how we keep that edge for the next 250 years
By Steve CaseJune 24, 2026
2 days ago
t
CommentaryWhite House
Trump mistakes the bully pulpit for bullying leadership — history’s villains were never heroes
By Jeffrey Sonnenfeld and Steven TianJune 24, 2026
2 days ago
mg
CommentaryHealth
The ‘tech neck’ time bomb: why 43 million young Americans could cripple U.S. health care within a generation
By Michael GerlingJune 24, 2026
2 days ago
sb
Commentaryclimate change
The climate policy triangle: why leaders can no longer choose between growth, security and sustainability
By Sebastian BuckupJune 23, 2026
2 days ago

Most Popular

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
Success
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
By Sydney LakeJune 25, 2026
22 hours ago
Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic
Success
Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic
By Orianna Rosa RoyleJune 24, 2026
2 days ago
Ikea’s billionaire founder was so frugal that he bought clothes from flea markets and took free salt and pepper from restaurants
Success
Ikea’s billionaire founder was so frugal that he bought clothes from flea markets and took free salt and pepper from restaurants
By Orianna Rosa RoyleJune 25, 2026
21 hours ago
Current price of silver as of Thursday, June 25, 2026
Personal Finance
Current price of silver as of Thursday, June 25, 2026
By Joseph HostetlerJune 25, 2026
16 hours ago
Current price of oil as of June 25, 2026
Personal Finance
Current price of oil as of June 25, 2026
By Joseph HostetlerJune 25, 2026
16 hours ago
After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup
Success
After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup
By Orianna Rosa RoyleJune 23, 2026
3 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.