Organizations need to know which environmental measures and strategies are economically sound. For example, valuing natural resources and performing environmental cost-benefit analyses are both strategically and tactically important steps in sustainable development programmes.ISO 14007 “Environmental management – Guidelines for determining environmental costs and benefits” will enable organizations to determine and communicate the costs and benefits associated with their environmental aspects, impacts and dependencies on natural resources. It tells organizations how to carry out cost-benefit analyses for different environmental options.The new standard complements ISO 14008 “Monetary valuation of environmental impacts and related environmental aspects”

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