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  • In the Media
    Financial Times April 4, 2022

    Companies face ethical and logistical challenges to stay in Russia

    In an interview with the Financial Times, Executive Chairman Steven Fox warned that companies laying off local employees and closing operations in Russia may face criticism that they are failing their Russian employees and unfairly penalizing Russian citizens. Nevertheless, Fox said, "the public understands that there are consequences and the higher calling was to exit."

  • In the Media
    Financial Times March 15, 2022

    Stay or sell? Russia’s war shows the difficulties of nuance in responsible investing

    In an interview with the Financial Times, Veracity Worldwide Executive Chairman Steven Fox commented on the difficulties of nuance in responsible investing. While some investors have faced criticism for not checking their exposure to Russia following Putin’s military invasion of Ukraine, Steven noted that companies that acted quickly provided a "wake-up call for ESG portfolio managers."

  • In the Media
    March 13, 2022

    Russia’s efforts to salvage economy could have devastating impacts

    In an interview with The Hill, Veracity Executive Chairman Steven Fox commented on the impacts of Russia's economic reforms on its ties to the global economy, describing recent moves such as strict banking limits and export controls as a "nail in the coffin" for foreign investor appetite in the country.

  • In the Media
    March 10, 2022

    Uniqlo bows to public pressure to close stores in Russia

    Veracity Executive Chairman Steven Fox spoke with CBS MoneyWatch about Uniqlo's decision to step away from Russia after operational difficulties and public pressure, anticipating that the company would eventually pull out and noting that "it would not be right to stick to business as usual."

  • In the Media
    March 9, 2022

    Denial of denim: Levi’s Russia pullback sparks memories of Soviet era

    In a Financial Times article analyzing Levi's exit from Russia following the invasion of Ukraine, Veracity Executive Chairman Steven Fox commented that "it's the first European war in the ESG age," and that for a brand like Levi's, "it's going to be difficult to sit on the sidelines."