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Connecticut businesses are cutting ties with Russia. Can corporate governance impact Russian leadership?

Logos of Connecticut companies leaving or reducing ties with Russia
Sujata Srinivasan
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Connecticut companies leaving or reducing ties with Russia.

Stanley Black & Decker, Xerox, and Otis Elevator are among a growing list of Connecticut companies exiting or reducing ties with Russia as a result of its war in Ukraine.

This hour on Where We Live, we hear from a Yale School of Management researcher who is compiling the global list, on whether and how the corporate exodus – as well as pullbacks by state pension funds – could impact decisions by the Russian leadership. We look at how corporate exits helped to end apartheid, and how individual investors and customers are exercising their voice in corporate governance and on broader, geo-political ideologies.

Beyond ideology and de-risking, we also hear from the author of a Harvard Business Review paper on how companies in ESG-focussed portfolios (Environment, Social, Governance) perform badly on ESG, and how little influence investors have on the ESG behavior of companies or countries.

That might be the case for large corporations, but in Connecticut and elsewhere, young, socially-minded entrepreneurs are successfully launching ESG companies – and raising funds from investors who share their dream. We hear more from the founder of an incubator – a social enterprise in Hartford.

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Sujata Srinivasan is Connecticut Public Radio’s senior health reporter. Prior to that, she was a senior producer for Where We Live, a newsroom editor, and from 2010-2014, a business reporter for the station.
Lucy leads Connecticut Public's strategies to deeply connect and build collaborations with community-focused organizations across the state.