Should Corporate Social Responsibility (CSR) be considered in the Research Paper

Should Corporate Social righteousness (CSR) be considered in the evaluation of besiege Street companies - Research Paper ExampleThis poses the question whether CSR should be considered in rating of W either Street companies. In this paper, CSR is discussed in cases for and against inclusion in Wall Street company ratings. Approaches to CSR, investigate and trends are also examined. The author argues that CSR is important and should be considered side by side the companies ratings so that stakeholders nourish a clearer picture about the companies operations in the society they work with. The author proposes a simple, soft rating scale as a starting point for something as universal as CSR for inclusion in rating Wall Street Companies. Corporate Social Responsibility (CSR) Corporate Social Responsibility (CSR) is an ethical belief and practice that companies, just like individuals, are responsibilities as good stewards of the society in which they do business with (Wood, 1991). C orporations have an obligation to act in ways that exit benefit or sustain society and that their responsibility is not limited to their profit. In the last decade, we have chitchatn movements gather nerve impulse requesting for more corporate social responsibilities in ethical practices, for the environment, the working conditions of employees, for the local communities, and towards all stakeholders from suppliers to post-consumption of products. CSR is soon to be integrated with the human resources, business development, operations, and relations (Barnea and Rubin, 2010). This paper will examine the two companies rated by Wall Street Goldman Sachs and British rock oil (BP), which very recently have been involved in practices that did not do well to the society in which they do business with. An attempt will be made to see if CSR should be considered in their ratings. In the year 2010, each of the three major credit rating agencies - threatenings Investor Services, Standard & Poors and skunk Ratings - rated both of these companies mainly on their credit worthiness. In the same year, sequel Magazine also named them as two of the worlds most admired companies. The question consequently is whether these companies should be rated solely on scales that show their credit-worthiness or should these ratings also include a dimension that will show how well a company performing in the society in general. British Petroleum (BP) In April 2010, an explosion occurred on BPs oil rig in the disjuncture of Mexico. The Coast Guard report that 11 people were killed, 17 other others injured and about 4.9 million barrels of oil released to the disconnectedness of Mexico affecting Louisiana, Alabama, Mississippi and Florida. The oil bolt out caused extensive environmental damage to the sea and wildlife creatures in the Gulf of Mexico. It also damaged the fishing and tourism industries. The US Government held BP accountable for the damages. BP officials committed to shou lder all cleanup costs and other damages. In addition, the company is also being investigated for alleged unsafe practices which caused the position on the rig leading to the explosion. An internal probe made BP admit to mistakes that led to the oil spill in the Gulf of Mexico. In 2010, Moodys rated BPs senior unsecured ratings as an Aa2 from Aa1. Fitch Ratings rated BPs long-term issuer default rating and senior unsecured rating as an AA from AA+. Reuters also account in June 2010 that Standard and