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16 May 2022

Heartland Initiative

Investors urge companies with ties in Ukraine, Russia, Belarus & other conflict-affected areas to align operations with enhanced human rights due diligence requirements

Socially responsible investing

Investor statement on the crisis in Ukraine, 16 May 2022

We, the 56 undersigned investors and their representatives with more than 1.7 trillion USD in combined assets under management or advisement, strongly condemn the Russian military invasion and ongoing war of aggression against Ukraine. We unequivocally support the Ukrainian people, their protections under international humanitarian law, and their recognized rights to life, freedom, democracy, and territorial integrity. Russia's human rights abuses and violations of international law have manifested in salient and material risks that should compel investors to take measures to help protect both the rights of the Ukrainian people and the integrity of our investment portfolios...

Therefore, in line with our commitment to addressing human rights risks in our portfolios, and specifically those associated with the Russian invasion of Ukraine, we call on companies across all sectors with business activities or business relationships in Ukraine, Russia, and Belarus or other conflict-affected and high-risk areas (CAHRA) to take immediate steps to align their operations with the Guiding Principles and OECD Guidelines...