Paragon Banking
Paragon Banking Group, commonly referred to as Paragon Bank, is a prominent financial institution headquartered in Great Britain. Established in 1985, the bank has evolved significantly, focusing on specialist lending and savings products. With a strong presence across the UK, Paragon Bank primarily operates in the banking and financial services industry, offering unique solutions in areas such as buy-to-let mortgages, personal loans, and savings accounts. Paragon Bank distinguishes itself through its commitment to customer service and tailored financial products, catering to both individual and business clients. The bank has achieved notable milestones, including a robust market position as a trusted provider of financial services, recognised for its innovative approach and strong customer relationships. With a focus on responsible lending and sustainable growth, Paragon Bank continues to make a significant impact in the UK banking landscape.
DitchCarbon Score
How does Paragon Banking's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Paragon Banking's score of 37 is lower than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Paragon Banking's reported carbon emissions
In 2022, Paragon Banking reported total carbon emissions of approximately 7,455,585 kg CO2e. This figure includes 941,000 kg CO2e from Scope 1 emissions, 540,000 kg CO2e from Scope 2 emissions, and 581,000 kg CO2e from Scope 3 emissions. Notably, the company has shown a significant reduction in emissions over the years, with total emissions decreasing from about 8,743,388 kg CO2e in 2021 to the 2022 figure. In 2021, Scope 1 emissions were 836,000 kg CO2e, and Scope 2 emissions were 641,000 kg CO2e, indicating a positive trend in reducing direct and indirect emissions. The company has not disclosed specific reduction targets or initiatives as part of its climate commitments, nor has it participated in the Science Based Targets initiative (SBTi). For 2023, emissions data is currently unavailable, but Paragon Banking has reported an estimated average annual CO2 emission intensity of 11,780 kg CO2e per square metre. This suggests ongoing efforts to monitor and manage their carbon footprint, although specific reduction strategies have not been outlined. Overall, Paragon Banking's emissions data reflects a commitment to reducing its carbon impact, aligning with broader industry trends towards sustainability and climate responsibility.
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Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Scope 1 | 1,314,000 | 0,000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 1,163,000 | 000,000 | 000,000 | 000,000 | 00,000 |
| Scope 3 | 668,000 | 000,000 | 000,000 | 000,000 | 000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Paragon Banking is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
