Purpose The need for a systematic evaluation of the human and environmental impacts of engineered nanomaterials (ENMs) has been widely recognized, and a growing body of literature is available endorsing life cycle assessment (LCA) as a valid tool for the same. The purpose of this study is to evaluate how the nano-specific environmental assessments are being done within the existing framework of life cycle inventory and impact assessment and whether these frameworks are valid and/or whether they can be modified for nano-evaluations. Method In order to do that, we reviewed the state-of-the-art literature on environmental impacts of nanomaterials and life cycle assessment studies on ENMs and nanoproducts.