The system and method of this disclosure calculates an indicator of a product's sustainability (i.e., green-ness) based on an algorithm that considers membership of a component(s) of the product in regulatory lists (grouped by regulatory category), the percentage of the component in the product and weighting factors for the regulatory categories. The algorithm can run the calculation for every component of the product, and for every regulatory category to determine a sustainability indicator for a classification, such as a health related classification, environmental related classification, physical hazard classification, etc.