The aim of the Research is to reflect emerging horizons of environmental management in food sector company, identifying environmental aspects and assessing their impact on the environment, using life cycle approach. Review of academical publications, reports, international standards, case studies revealed importance of environmental management for sustainability of food industry companies. Part of practical research is performed in one beverage industry company in Latvia, identifying environmental aspects, related to one product line, and their impact on the environment. Environmental management systems and other methods are widely used to identify environmental aspects of company and its’ products, including related industries. Together with well known environmental management practices, used in food sector companies - ISO 14001, EMAS, new intiatives are used more and more - ISO 50001, calculation of carbon footprint