The invention discloses synthetic leather pulp with functions of environment protection, heat insulation and heat preservation, and a preparation method thereof. The synthetic leather pulp comprises the following raw materials in parts by weight: 85-90 parts of polyphenylene thioether, 2-3 parts of metaphenylene diamine, 0.8-1.0 part of ethylene distearamide, 25-30 parts of nanoscale silicon dioxide, 2-3 parts of aluminium-magnesium-silicate, 10-15 parts of peanut leaves, 1.1-1.2 parts of stearic acid, 0.1-0.2 part of calcium ricinoleate, 28-35 parts of light calcium carbonate, 4-4.5 parts of dicumyl peroxide, and 50-55 parts of diethylene glycol monobutyl ether. The pulp disclosed by the invention is simple in a formula, and a paint made from the pulp can effectively realize reflective insulation, and has the advantages of being good in heat preservation effect, stable in heat-insulation property, good in corrosion resistance, long in service life, environment-friendly, and free of pollution. The technical problem that traditional heat-insulation and heat-preservation pulp is nonwaterproof is solved; the peanut leaves are modified, so that the stickiness of the peanut leaves can be improved, the stickiness of the pulp can be enhanced, and the performance stability of the pulp is improved.