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FAQ

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General

Who is Planet Price?

Planet Price is a “for influence” start-up with a mission to help large organisations reduce the impact of their operations on People and the Planet. Find out more about our story here.

What is the Planet Price algorithm?

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.

How does it work?

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.

What is the Planet Price platform?

The Planet Price platform is a Cloud-native, sustainable analytics SaaS solution.

The algorithm

Does Planet Price calculate CO2 emissions?

Yes. Planet Price calculates Scope 3 CO2 emissions following the Greenhouse Gas protocol.

What other impacts does Planet Price calculate?

Planet Price calculates nine impacts including CO2, water and land use, pollution and human health.

How does Planet Price calculate the monetary value of impacts?

The Planet Price algorithm applies Social Costs and Environmental Prices to each impact to calculate the overall Planet Price in monetary terms.

Why is Planet Price calculated as a monetary value?

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

How can I use Planet Price?

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.

Why use Planet Price?

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.

How can I trial Planet Price?

Our Tread Lightly Assessment is a quick, risk free and inexpensive way to trial the Planet Price. Find out more about our assessment process here and apply for an assessment using our application form.

I’m a software vendor, can I use Planet Price in my solution?

Yes, contact us to chat about options to access the Planet Price APIs.

I’m a sustainability consultant, can I use Planet Price for my clients?

Yes, contact us to chat about partnering options.

What data is required?

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.

How will my data be protected?

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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