Situation in Ukraine
In the context of the war in Ukraine, the Group is taking action through the Air Liquide Foundation, with the support of its employees.
To support Ukrainian refugees, the Group has allocated a donation to the Air Liquide Foundation for the implementation of a humanitarian action. A financial contribution from shareholders and employees of Air Liquide complemented the Group’s. About thirty humanitarian projects led by associations to support refugees have been validated by the Foundation's Selection Committee. In addition, there are a whole range of exemplary local initiatives conducted by our employees in Poland, France, Germany, Austria, Switzerland, Romania and Ukraine.
Regarding its operations in Russia, the Group has announced its plan to disengage from Russia. The Group has signed a Memorandum of Understanding with the local management team with the objective to transfer its activities in Russia in the framework of an MBO (Management Buy Out). Air Liquide employs close to 720 people in Russia and its turnover in the country represents less than 1% of the Group’s turnover. This divestment project to local managers, subject to Russian regulatory approvals, aims to allow an orderly, sustainable and responsible transfer of its activities in Russia, ensuring notably the continuity of oxygen supply to hospitals.