Book excerpt: Complying with environmental protection laws need not punch a hole in a firm's bottom line. Smith shows that compliance can be profitable. He provides corporate executives with easily accessed data and analyses of the theory of environmental management systems (EMS), and in doing so covers the major environmental concerns worrying corporate America. The result is a practical guide to the tools of environmental management and how they can be used to enhance a corporation's profitability while at the same time reducing its impact on the environment and consequent financial liabilities. Readers will find ways to tailor an appropriate strategy to their specific business needs, justify that strategy financially, and integrate the EMS into an existing business plan. Smith takes the reader through all of the environmental factors that affect profits and productivity. He demonstrates the practicality of not only considering the life cycle of a single product or service, but also the impact of life cycles throughout the entire company. A degree in environmental science is not needed to follow Smith's reasoning and advice, but solid business knowledge ^Iis^R important. Smith provides all of the background needed to start an EMS program, the benefits of which are limited only by management's priorities and the creativity of a company's people.