Like the rest of the world, we are shocked and deeply saddened by the tragic events in Ukraine. Wood strongly condemns the invasion and stands with the international community in calling for peace.

We are committed to standing up and doing the right thing by our people, our clients and those tragically affected, and this has been our focus over the last week.

As ever, the safety and wellbeing of our people is our top priority. We don’t have any business in Ukraine however we are undertaking work in Russia where we employ around 250 colleagues.

We are continually reviewing the best course of action to ensure our colleagues in Russia are safe and we have established an Emergency Management Team who are actively leading Wood’s response. Contingency plans are in place and, as a precautionary step, we are beginning to relocate colleagues whose home location is outside of Russia.

We are engaged with clients who operate in Russia to develop transition plans, safely and securely, with a duty of care to our people at the heart of everything.

Our trade compliance team continues to monitor the international sanctions, rules and regulations that have been introduced across the globe and provide on-going guidance to the business on relevant contracts and new sanctions as and when they are introduced.

We have also made the decision not to bid any new work in Russia and are reviewing our longer-term position, in line with many of our clients.

Understandably, we have suspended all travel to Ukraine and have implemented strict restrictions about any future travel to Russia.

Our thoughts are with those impacted by the violence and the families of those affected around the world. Many of our people have expressed a desire to help and we have committed to match 100% of any funds raised as part of our employee matched funding programme.

During this incredibly difficult time, we keep the people of Ukraine and all our colleagues affected at the forefront of our thoughts.

About Wood

Wood is a global leader in the delivery of project, engineering and technical services to energy and industrial markets. We operate in more than 60 countries, employing around 55,000 people, with revenues of over $11 billion. We provide performance-driven solutions throughout the asset life-cycle, from concept to decommissioning across a broad range of industrial markets including the upstream, midstream and downstream oil & gas, chemicals, environment and infrastructure, power & process, clean energy, mining and general industrial sectors.