DIN ISO 14007:2018-10

This Draft International Standard offers organizations guidance on determining the environmental costs and benefits associated with their environmental aspects. It also addresses the dependencies of the organization on the environment for example, natural resources, and the context in which the organization operates or is located. The aim is to provide information useful for decision making. Some organizations could be interested in communicating this information externally. The Standard also provides guidance to help organizations disclose relevant information in a transparent way. If environmental costs and benefits are estimated in monetary terms using this standard, then the economic valuation methods used only capture changes that affect human wellbeing (utility) including their caring for, and dependence on, nature and ecosystem services. This includes use and non-use values as reflected in the concept of total economic value. The standard is intended to be used in a range of applications that inform management. For example, it can inform decision making regarding risk management, environmental management, management accounting and reporting. This document can help organizations to understand the effect of significant environmental aspects and impacts on the organization and society. Assessments of the environmental costs and benefits can be carried out either before (ex-ante), during or after (ex-post). The ways in which the determined environmental costs and benefits are used are outside the scope of this document. This document is applicable to any organization regardless of size, type and nature.