In the Green Case 5-2 Seeing Is Believing Tyler Poland is a stock picker responsible for recommending Mexican securities for his brokerage firms clients. He is often frustrated about the lack of credible information on companies in Mexico. Everything is always so top secret, he says. Any time I try to learn about a companys activities, all I hear is I wouldnt know what to tell you. In Mexico, it seems, information is power. Trivial or not, information seems to be off-limits to anyone who is not an insider. Tyler knows that this secretiveness goes way back in Mexicos history. The Aztec rulers kept their subjects amazed by powerful deities who were both unpredictable and hard to understand. The Spanish followed many detailed bureaucratic rules but hardly ever shared them with ordinary Mexicans. guidelines of the Global Reporting Initiative.

Required:

1. Discuss why financial statement users find environmental disclosures informative.

2. Obtain the G3 sustainability reporting guidelines of the Global Reporting Initiative (GRI, www. globalreporting.org). List the environmental performance indicators that the GRI recommends for disclosure.

3. How closely do Roches environmental disclosures match the GRI recommendations (see Exhibit 5-3)? What are the areas of nondisclosure?

4. Describe the environmental disclosures that O.J. should recommend his company make