A high near-infrared (NIR) reflective cooling compound with flame retardant characteristics was fabricated by incorporating antimony trioxide (Sb 2 O 3 ) and decabrominated diphenyl ethane (DBDPE) into ethylene-vinyl acetate copolymer (EVA). The solar reflectivity and cooling capacities of the control sample and EVA compounds with either Sb 2 O 3 or DBDPE, and EVA composites embedded with Sb 2 O 3 and DBDPE, were evaluated by ultraviolet-visible-near infrared analysis and temperature tests. The effect of Sb 2 O 3 and DBDPE on the flammability, thermal behavior, and mechanical properties of EVA copolymer were determined via the UL-94 burning test, limiting oxygen index (LOI), differential scanning calorimetry, thermogravimetric analysis, and tensile and tearing tests. Compared with the glass blank, EVA compound filled with 10 wt% Sb 2 O 3 and 30 wt% DBDPE showed a roughly 17.3 C and 38.0 C decrease during sunlight exposure and in indoors, respectively, accompanied by the maximum NIR reflectivity of 68.8% in all as-prepared blends. Moreover, this as-prepared compound met a UL-94 V-0 classification and reached a LOI value of 29.3%. Notably, the singular addition of either Sb 2 O 3 or DBDPE improved the cooling capability of EVA but rarely fulfilled the fire retardant demand. In contrast, the incorporation of Sb 2 O 3 and DBDPE improved the desirable cooling and flame retardant properties.