Accenture to Discontinue Business in Russia

Rhea-AI Summary

Accenture (NYSE:ACN) has announced the discontinuation of its business operations in Russia in response to the ongoing conflict in Ukraine. The company expressed solidarity with Ukraine and will support its nearly 2,300 employees in Russia during this transition. Accenture is also contributing $5 million to nonprofit organizations aiding Ukraine and matching employee donations 100%. While the firm has no business in Ukraine, it is offering telehealth services and assistance to the families of Ukrainian employees worldwide.

Positive

• Discontinuing business in Russia shows strong ethical stance and alignment with global sentiments.
• Donation of $5 million to aid organizations and matching employee donations demonstrate corporate social responsibility.
• Support for Ukrainian colleagues globally, including telehealth services.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- Accenture (NYSE:ACN) stands with the people of Ukraine and the governments, companies and individuals around the world calling for the immediate end to the unlawful and horrific attack on the people of Ukraine and their freedom. Therefore, Accenture is discontinuing our business in Russia. We thank our nearly 2,300 colleagues in Russia for their dedication and service to Accenture over the years. We will be providing support to our Russian colleagues. While Accenture does not have a business in Ukraine, we will continue our efforts to help our Ukrainian colleagues working around the globe at Accenture and their extended families; we are providing telehealth for those in Ukraine, and helping resettle family members who leave Ukraine.

We are donating $5 million to nonprofit relief organizations working to help people in Ukraine and those who are being displaced into Poland, Romania, Slovakia, Hungary and the Czech Republic. We are also matching 100% of the donations from our people.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220303005808/en/

Stacey Jones

Accenture

+1 917 452 6561

stacey.jones@accenture.com



Peter Y. Soh

Accenture

+1 703 947 2571

peter.y.soh@accenture.com

Source: Accenture

FAQ

What is Accenture's latest action regarding its business in Russia?

Accenture has discontinued its business operations in Russia due to the conflict in Ukraine.

How much is Accenture donating to help Ukraine?

Accenture is donating $5 million to nonprofit relief organizations working to help people in Ukraine.

What support is Accenture providing to its employees in Russia?

Accenture is providing support to its nearly 2,300 employees in Russia during the discontinuation of operations.

Is Accenture helping Ukrainian employees?

Yes, Accenture is offering telehealth services and assistance to the families of Ukrainian employees worldwide.

What is the stock symbol for Accenture?

The stock symbol for Accenture is ACN.