FAQ’s

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

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 gases, land and water use, smog, ozone emissions and the effect 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 uses modern Cloud-native architecture and technologies to take full-advantage of the Cloud computing model.

To deliver the most accurate Planet Price possible, we conduct a top-down approach that analyzes your entire procurement landscape and combine it with a bottom-up analysis that drills down on specific material and product hotspots.

Visit our Methodology page for more information.

Yes. Planet Price calculates Scope 3 C02 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 Societal 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.

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 visualizations 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.

Our Tread Lightly Scope 3 Impact Assessment is a quick, risk free and inexpensive way to trial Planet Price. Find out more about assessment process here.

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

Yes, contact us to chat about partnering options.

A few fields from your accounts payable and procurement tables are needed for the analysis. These can be supplied as 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.