Have a question about Planet Price? Find the answer here.
Who is Planet Price?
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.
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 gases, land and water use, smog, ozone emissions and the effect of other pollutants on human health.
How Does it Work?
What is the Planet Price Platform?
The Planet Price platform uses modern Cloud-native architecture and technologies to take full-advantage of the Cloud computing model.
Tell Me More About the Planet Price Methodology
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.
Does Planet Price Calculate All CO2 Emissions?
Yes. Planet Price calculates Scope 3 C02 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 Societal 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 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.
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?
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 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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