Equinox Company Essay Example | Topics and Well Written Essays - 1250 words

Equinox Company - Essay Example This implies that a firm must be accountable for the negative effects of its operations on its stakeholders. A reporting entity is an organization that collects analyses and gives a report pertaining to the financial information. Equinox Company is a corporation dealing with stipulation of credit ratings for various companies for the purpose of financial analysis and assessment. It was started in the year 1899, and it has served over four hundred companies. It is situated in Atlanta in Georgia. This company has played a major role in the corporate world by securing jobs for more than seven thousand employees. This company is committed to safeguarding the environment from pollution from its own economic activities. This company is known to incorporate its stockholders in decision making process. This gives the community a chance to give credible contribution with regard to the company’s social responsibility. Activities of Equinox Company Ltd The activities of this company are many given its competitive advantage as a reporting entity. The entity provides credit reports to customers on demand. This enables various consumers to access financial aid by use of their financial credit status. Moreover, this serves a sales and marketing technique because a financially stable enterprise is considered favorable. It also carries out investigations on errand companies on request by state agencies and criminal investigation agencies. They give assurance to potential investors of some companies with an aim of encouraging investment in these entities. Provision of credit ratings of companies that are subject to syndicates in order to obtain concrete facts with regard to the liability of these companies. It contributes in the market liberalization as it reveals to the public some crucial information with regard to the credit worthiness of many companies hence enabling consumers to make informed decisions. It also performs audit for companies on ad hoc basis. This gives the stakeholders of the companies concerned an assurance of the safety of their resources. Equinox Company also provides reports to Insurance companies on demand. This helps the insurance companies to make informed decisions before accepting to cover risks of its prospective clients. It also sells credit reports in its possession to many industries of diverse types of businesses. It also sells sophisticated software for effective and efficient credit rating of a client. This entity provides population data to the demographic department. This enhances quick financial decision making with regard to the available resources. It provides non-financial data to its clients. This enables it to have a wide customer base hence high level of annual revenue. Furthermore, the company provides theft and fraud prevention products which help in keeping the levels of criminal activities in the business enterprises. Equinox Company corporate Social Responsibility It provides all the people with a si ngle free credit file which helps in the personal financial analysis and assessment. This sparks investments in various projects because a high portion of the population is aware of their financial abilities. The firm practices strategic corporate social responsibility which enables it to identify specific social concerns to be solved. The management of the company always incorporates the input of all stakeholders in decision making. This provides an opportunity to the members of the society to give substantial feedback with regard to corporate social responsibility. Investors have cited the corporate social responsiveness of the company as the major competitive advantage. This initiative has been hailed as a source of motivation and sense of belonging