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Environmental costs are any costs related to the environment, which can result from, for example, the loss of natural capital that companies are dependent on, impacts on human health and the environment or environmental legislation-related compliance costs.
Environmental benefits are any benefits related to the environment, which can result from, for example, natural resources used within products or the production processes of a given organization, including their value chain.
ISO 14007 gives you guidelines to understand the environmental impact of your business. While helping you to understand these environmental costs and benefits, ISO 14007 guides you on how to share this information with regulatory authorities.
Note: The ways in which the environmental costs and benefits are used after they have been determined are outside the scope of this document.
ISO 14007 applies to any organization regardless of size, type, and nature. ISO 14007 is useful for entities such as:
Determining environmental costs and benefits requires inputs from several operational areas across the organization, that will need to provide relevant information. Employees involved include:
Since every organization impacts the environment, ISO 14007 helps you to understand and document these environmental costs and benefits. This, in turn, will help you to make more responsible decisions, while also to managing your risks better. You will be able to assess and present these costs and benefits to the relevant authorities in a transparent and comprehensive manner, using ISO 14007 guidelines.
Understanding environmental costs and benefits allows you to:
ISO 14007 helps you to:
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