Material flow cost accounting (MFCA), an environmental management accounting developed in Germany in the late 1990s and since adopted widely in Japan, focuses on tracing waste, emissions and non-products, and can help boost an organisation's economic and environmental performance.
To standardise MFCA practices, the International Organization for Standardization (ISO) is working on the development of Environmental management – Material flow cost accounting – General framework, ISO 14051.
ISO 14051 is targeted for publication early in 2011 and will be complementary to the ISO 14000 family of environmental system Standards (EMS).
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