There are a number of firms that voluntarily disclose environmental information. Many of these firms are listed at http://www.greenbiz.com/corpweb.cfm. Among those listed are PepsiCo, McDonald's, and Baxter. PepsiCo has some interesting environmental activities reported. Access this site, select a sample of these firms, and read their environmental dis¬

closures. See how many of the following questions you can answer:

1. How much has been saved due to environmental actions? (Try Baxter.)

2. Describe the packaging reduction efforts and the resulting savings. (Savings can be ex¬

pressed in nonfinancial terms.)

3. Describe the recycling activities—both for their own products as well as the materials they receive from suppliers.

4. How much reduction in contaminating residues has been reported?

5. Can you find firms that use bar graphs and pie charts to describe their environmental performance?

6. What kinds of performance measures are being used? Can you relate these to the core strategic objectives discussed in the chapter?

7. What reasons do they offer for providing environmental information?

8. How do the environmental reports compare? Select a sample of 6-8 firms and comment on the different approaches. Which report did you like best? Why?