The invention discloses a method for preparing safe environment-friendly phenolic foam. The foam is prepared by a reaction after mixing the following ingredients: 100 weight portions of expandable phenolic resin, 8-15 weight portions of curing agent, 4-8 weight portions of surfactant and 20-50 weight portions of packing. The preparation method comprises the following steps: putting the ingredients in a reaction container in proportion, stirring with high speed, after mixing uniformly, transferring the ingredients to a preheated mould, foaming at the temperature of 60-80 DEG C and under the pressure of 15-40kg/cm<2>, cooling and demoulding. According to the method, because inflammable CFCs, low-carbon alkane and other lower-boiling organic compounds are not used as foaming agent, the production cost is reduced. The prepared phenolic foam has uniform quality, small aperture, low coefficient of thermal conductivity, and good thermal insulation performance, can be widely used in exterior wall, roofing, air-conditioning bellow and other thermal insulation materials, and improves thermal insulation performance and fireproof performance greatly.