Glossary
Hover over (or tap on mobile) each term to view its definition.
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Amazon Web ServicesPlanet Price is deployed on the Amazon Web Services Cloud.
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Artificial IntelligencePlanet Price uses a Natural Language Processing (machine learning) model to map procurement text information with environmental impact databases.
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CEDACEDA is the market-leading, Multi-Regional Input Output Environmental Assessments.
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Cloud-nativeThe Planet Price platform uses modern Cloud-native architecture and technologies to take full advantage of the Cloud computing model.
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CSVPlanet Price and imports and exports data as simple Comma Separated Value text files.
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Environmental PricesEnvironmental Prices express the Social Cost of environmental impacts as monetary values.
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Environmental Product Declaration (EPD)An independently verified and registered document that provides environmental information about the life-cycle environmental impact of a product.
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GHG ProtocolThe Greenhouse Gas Protocol is the world’s most widely used greenhouse gas accounting standard.
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Life Cycle Analysis (LCA)A method used to evaluate the environmental impact of a product through its life cycle encompassing extraction and processing of the raw materials, manufacturing, distribution, use, recycling and final disposal.
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Life Cycle Impact Analysis (LCIA)An analysis of the potential environmental impacts identified by an LCA.
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Multi-Regional Input Output (MRIO)An economic approach which tracks financial flows between counties’ major economic sectors and estimates environmental impacts at an industry level.
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Nine different environmental and social impactsThe Planet Price Algorithm considers: Greenhouse Gases, Land, Water, Smog, Acid Rain, Ozone, Respiratory Disease, Ecotoxicity and Eutrophication.
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Nine Planetary BoundariesA model developed by the Stockholm Resilience Center which proposes quantitative planetary boundaries within which humanity can continue to develop and thrive for generations to come.
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Scope 3Indirect emissions resulting from an organisation’s upstream and downstream value chain.
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Societal CostThe marginal cost to society resulting from emissions and other environmental impacts.
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Tread Lightly AssessmentA top-down analysis of your organisation’s procurement data to provide a granular heatmap across a variety of Planet Price dimensions including Upstream Scope 3 Greenhouse Gas emissions.
