Beca and Planet Price strategic partnership to enhance client understanding of planetary impact

Beca and Planet Price are delighted to announce we have formalised our existing collaboration through a strategic partnership agreement.

Over the last year we have been working closely with Planet Price, a tech company specialising in AI-powered solutions that calculate the real cost of products and services, to enhance our shared clients’ understanding of their planetary impact. 

The partnership will help us to provide clients with greater measurement, analysis and comprehensive insights into the true planetary costs associated with supply chains, business operations, and capital projects.

"As organisations around the globe sharpen their focus on the planetary impacts and dependencies of their operations, we saw the clear need and opportunity to help improve understanding and accounting of actual planetary costs," says Genevieve Smith, Beca Principal, Sustainability and Climate Change Advisory.

"We are therefore incredibly excited about our partnership with Planet Price. Together we will bring the best of our expertise to support our shared clients to both understand and reduce, the planetary impacts of their operations."

The need to reduce negative planetary impact has become a significant priority for organisations, often driven by regulations, policies, and stakeholder expectations, as well as it being the right thing to do. To effectively reduce carbon emissions and mitigate other environmental impacts across multiple planetary boundaries, organisations require efficient data analysis for informed decision-making, coupled with technical consulting expertise to provide practical and workable alternative solutions. Together, Beca and Planet Price seamlessly offer both crucial elements.

It was through the role of Debbie O’Byrne, Co-Founder, Planet Price and Circular Economy Principal for Beca, and a strong endorsement from our Sustainability Services Innovation Fund, that Planet Price was identified and selected as an ideal partner to help advance our sustainability mission around decarbonising the economy and supporting the urgent need to address climate change.

"Digital tools are critically important to enable better and faster feedback loops that incorporate real world impacts into decision-making necessary for future flourishing," says Debbie O’Byrne.

"The work Planet Price has already done in collaboration with Beca has the potential to transform future-built environments by combining deep engineering expertise with cutting-edge AI-driven digital tools. We look forward to applying this technology in exciting ways through this exciting partnership with Beca."

Planet Price specialises in AI-powered solutions that rapidly and easily measure and analyse environmental and social impact across multiple planetary boundaries. Unlike more complex approaches, Planet Price provides a single monetary metric that quantifies the hidden costs of products and services in financial terms.

Initially, customer activities will be driven through our Advisory and Transport & Infrastructure groups. However, as organisations increasingly recognize the importance of accounting for externalities, particularly nature-related impacts and dependencies, the Beca and Planet Price partnership will expand its services to support clients across additional industry sectors.

At Beca, our Sustainability Services Innovation Fund, and our New Ventures Accelerator support partnerships like this one, by proactively scanning globally for technology partners that can integrate digital solutions into our consultancy and engineering services, giving clients decision-ready information and insights.

For more on sustainability at Beca, visit www.beca.com/sustainability 

For more about our New Ventures Accelerator, visit www.beca.com/innovation

About Planet Price

Planet Price provides the world’s most advanced, quantitative sustainable procurement analytics platform for corporate supply chain teams. Leveraging proprietary AI-based algorithms and commercial-grade data, Planet Price provides everything companies need to perform top-down and bottom-up analyses of their supply chains, then quantify the impact their procurement decisions have on people and the planet. The Planet Price platform delivers data far beyond greenhouse gas emissions to include impacts on other planetary boundaries such as land, water, ozone, air pollution, eutrophication, human health and ecotoxicity.

For more information about Planet Price and its Sustainable Procurement Analytics Platform, visit the Planet Price website at www.planetprice.io