Constellation as a corporate citizen

March 7, 2008

Constellation Energy Group Inc. has landed on the 100 Best Corporate Citizens 2008 list, published by Corporate Responsibility Office magazine.

The Baltimore-based utility company ranks 55th on the list, leading to some questions about what constitutes a good corporate citizen.

Just how does CRO select its top performers? And, should a company that just filed suit against its home state be considered a good corporate citizen?

CRO said it worked with IW Financial, a research firm that specializes in environmental, social and governance issues, to rank large-cap companies from the Russell 1000 index in eight categories: climate change, employee relations, environment, financial, governance, human rights, lobbying and philanthropy.

When asked about the company’s recent lawsuit against the state, CRO’s Editor & Chief Dennis Schaal said without knowing the specifics of the case, he couldn’t say whether suing the state makes you a bad corporate citizen.

“We looked into major transgressions. I wouldn’t say that suing the state in and of itself is a violation of being a good corporate citizen,” Schaal said. “That certainly wasn’t on our radar.”

“Our vendor looked at major scandals that had taken place regarding people on the list and that one wasn’t brought up,” he said. “I’m sure some people are weighing in on [the list] and saying, ‘Wow that sucks.’”

So, what do you think? Should Constellation’s lawsuit against the state disqualify it from the 2009 list?

DANIELLE ULMAN, Business Writer

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Posted by Jackie Sauter | Filed Under Constellation Energy, business, energy 

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