The invention discloses a flame-retardant environment-friendly foamed plastic which comprises the following raw materials in parts by weight: 32-37 parts of ethylene-vinyl acetate (EVA) resin, 68-72 parts of polycaprolactone (PCL), 2.8-3.2 parts of soybean meal, 2.7-3.6 parts of wood fibers, 1.2-1.7 parts of a titanate coupling agent NDZ-TTS, 3-3.6 parts of sodium lactate, 13-17 parts of a foaming agent ADC, 8-12 parts of zinc oxide, 9-10 parts of citric acid, 11-14 parts of sodium hydrogen carbonate, 1.6-1.9 parts of diisononyl phthalate (DINP), 2.2-2.7 parts of epoxy octyl stearate, 23-28 parts of barite powder, 15-18 parts of augite powder, 7-11 parts of white carbon black, 5-9 parts of mica powder, 3-6 parts of ammonium polyphosphate, 5-8 parts of melamine sodium polyphosphate, 1.5-1.8 parts of 2,6-di-tert-butyl-4-methylphenol (BHT) and 1.3-1.6 parts of an antioxidant BLE.