Planet Price is an AI-powered algorithm that measures the societal cost of products and services used in business operations. It considers multiple impacts, including greenhouse gasses, land and water use, smog, ozone emissions and the affect of other pollutants on human health.
Planet Price analyses data from your procurement system and maps it to environmental impact databases. The algorithm calculates the total societal cost resulting from every dollar of procurement spend. You can also calculate the Planet Price for individual products.
The Planet Price platform is a Cloud-native, sustainable analytics SaaS solution.
Yes. Planet Price calculates Scope 3 CO2 emissions following the Greenhouse Gas protocol.
Planet Price calculates nine impacts including CO2, water and land use, pollution and human health.
The Planet Price algorithm applies Social Costs and Environmental Prices to each impact to calculate the overall Planet Price in monetary terms.
Our research indicated that the lack of a single measure for environmental and social impacts is a major challenge for sustainable procurement teams. By expressing impacts in monetary terms, organisations can understand the real cost of their supply chains when making procurement decisions.
the Planet Price platform
Using Planet Price you can analyse your entire corporate spend to understand the full impact of your procurement activities. The Planet Price tool provides granular dashboards and visualisations to allow you to explore and analyse this data for spend categories and suppliers. You can also use Planet Price as an input into procurement sourcing decisions.
Planet Price helps you to set targets and track reductions in Scope 3 impacts, identify sustainability hot spots in your supply chain and evaluate more sustainable alternatives.
A few fields from your accounts payable and procurement tables are needed for the analysis. These can be supplied as a simple CSV text file.
All client data is kept in strict confidence and will never be shared with any third parties. We are happy to sign a Confidentiality Agreement.
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