BS ISO 14008:2019 Monetary valuation of environmental impacts and related environmental aspects

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BS ISO 14008:2019

Monetary valuation of environmental impacts and related environmental aspects

Status : Current   Published : March 2019



What is this standard about?

This document specifies a methodological framework for the monetary valuation of environmental impacts and related environmental aspects. Environmental impacts include impacts on human health, and on the built and natural environment. Environmental aspects include releases and the use of natural resources.

The monetary valuation methods in this document can also be used to better understand organizations’ dependencies on the environment.

During the planning of the monetary valuation, the intended use of the results is considered but the use itself is outside the scope of this document.

In this document, monetary valuation is a way of expressing value in a common unit, for use in comparisons and trade-offs between different environmental issues and between environmental and other issues. The monetary value to be determined includes some or all values reflected in the concept of total economic value. An anthropocentric perspective is taken, which asserts that natural environment has value in so far as it gives utility (well-being) to humans. The monetary values referred to in this document are economic values applied in trade-offs between alternative resource allocations, and not absolute values.

This document does not include costing or accounting, although some valuation methods have the term “cost” in their name. This document does not include the development of models linking environmental aspects to environmental impacts.

Standard NumberBS ISO 14008:2019
TitleMonetary valuation of environmental impacts and related environmental aspects
Publication Date13 March 2019
Cross ReferencesISO 14001:2015, ISO 14040:2006, ISO 14044:2006, ISO 14007, ISO 14045, ISO/TS 14071
International RelationshipsISO 14008:2019
Draft Superseded By17/30349521 DC
DescriptorsMoney, Planning, Natural resources, Financial management, Environmental testing
Title in FrenchÉvaluation monétaire des impacts environnementaux et des aspects environnementaux associés
ISBN978 0 580 95976 9
File Size2.367 MB

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