Hover over (or tap on mobile) each term to view its definition.

  • Amazon Web ServicesPlanet Price is deployed on the Amazon Web Services Cloud.
  • Artificial IntelligencePlanet Price uses a Natural Language Processing (machine learning) model to map procurement text information with environmental impact databases.
  • CEDACEDA is the market-leading, Multi-Regional Input Output Environmental Assessments.
  • Cloud-nativeThe Planet Price platform uses modern Cloud-native architecture and technologies to take full advantage of the Cloud computing model.
  • CSVPlanet Price and imports and exports data as simple Comma Separated Value text files.
  • Environmental PricesEnvironmental Prices express the Social Cost of environmental impacts as monetary values.
  • Environmental Product Declaration (EPD)An independently verified and registered document that provides environmental information about the life-cycle environmental impact of a product.
  • GHG ProtocolThe Greenhouse Gas Protocol is the world’s most widely used greenhouse gas accounting standard.
  • 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.
  • Life Cycle Impact Analysis (LCIA)An analysis of the potential environmental impacts identified by an LCA.
  • 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.
  • Nine different environmental and social impactsThe Planet Price Algorithm considers: Greenhouse Gases, Land, Water, Smog, Acid Rain, Ozone, Respiratory Disease, Ecotoxicity and Eutrophication.
  • 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.
  • Scope 3Indirect emissions resulting from an organisation’s upstream and downstream value chain.
  • Societal CostThe marginal cost to society resulting from emissions and other environmental impacts.
  • 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.