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McDonald's, Pepsi, others must reflect onconsideration on pausing Russia operations -NY pension fund 

Major global brands should consider temporarily halting operations in Russia

NEW YORK, March four (Reuters) - Major international brands, consisting of McDonald's Corp (MCD.N), PepsiCo Inc (PEP.O), and the Estee Lauder Cos Inc (EL.N), have to think about pausing their operations in Russia, New York state's pension fund chief wrote in letters to numerous corporations on Friday.

Other groups that acquired the letter had been Mondelez International Inc (MDLZ.O), Fortinet Inc, Kimberly-Clark Corp (KMB.N), Bunge Ltd (BG.N), Coty Inc (COTY.N), Alnylam Pharmaceuticals Inc (ALNY.O), and Trimble Inc(TRMB.O).

None of the corporations without delay responded to a request for comment.

Political stress is constructing for agencies to halt commercial enterprise in Russia due to the fact of its invasion of Ukraine, and sanctions are making some operations difficult. Some huge businesses have already stated they will stop, along with sneaker maker Nike and domestic fixtures company IKEA (IKEA.UL). examine more

The letters from New York State Comptroller Thomas DiNapoli entreated groups to overview their corporations in Russia due to the fact they face "significant and developing legal, compliance, operational, human rights and personnel, and reputational risks," wrote DiNapoli, who oversees the state's roughly $280 billion pension fund, which owns shares of the companies.

Pausing or ending operations in Russia "would tackle a range of funding dangers related with the Russian market and play a vital function in condemning Russia's function in essentially undermining the worldwide order that is quintessential to a sturdy and wholesome international economy," the letter said.