Our Response to the Escalating Crisis in Europe

We remain deeply concerned about the crisis unfolding in Ukraine. The ensuing loss of life and the escalating refugee crisis are tragic. In light of these developments and the ongoing supply chain disruptions, we have reassessed our operations in Russia - approximately 2% of our 2021 revenue, based mostly on New Equipment sales. As a result, we are not taking new elevator and escalator orders and will make no new investments in the country for the time being.

Guided by our values, we are working diligently to ensure we do the right thing for our colleagues impacted by this decision.

 We will continue to fulfill our existing agreements and provide essential equipment maintenance services, as possible, while remaining in full compliance with all sanctions. 

 In addition, we are making contributions to Global Giving’s Ukraine Crisis Relief Fund, and the UN Refugee Agency(UNHCR) to help provide shelter, food/water, health services and economic assistance to refugees. Where available, we are also matching our colleagues’ financial contributions to amplify the impact of their giving.