Nestlé announced on Wednesday it would halt the sale of several non-essential products, including KitKat chocolate bars and Nesquik chocolate mix in Russia, in an unprecedented move amid pressure on the world’s largest consumer goods company after criticism of Ukrainian President Volodymyr Zelenskyy.
Nestlé shares were down 1.3% at 12:36 GMT, after hitting a session low shortly after the news.
ING Grop NV said it would no longer fund new oil and gas projects, its energy chief said, becoming the largest bank yet to take such a step in the fight against climate change .
The Dutch financial services company’s move increases pressure on its peers to respond to the International Energy Agency’s (IEA) call for a halt to funding new fossil fuel projects in order to limit global warming to a maximum of 1.5 degrees Celsius.
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