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 76 is higher than 88% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Paragon Banking's reported carbon emissions
In 2024, Paragon Banking reported total carbon emissions of approximately 1,356,000 kg CO2e, a decrease from about 1,525,000 kg CO2e in 2023. The emissions breakdown for 2024 includes Scope 1 emissions at about 818,000 kg CO2e, Scope 2 emissions at approximately 475,000 kg CO2e, and Scope 3 emissions at around 468,000 kg CO2e. Notably, Scope 1 emissions from mobile combustion accounted for about 323,000 kg CO2e, while fuel and energy-related activities in Scope 3 contributed approximately 421,000 kg CO2e. Paragon Banking has achieved a significant reduction of 46% in CO2e emissions from its sites between 2017 and 2021, specifically targeting both Scope 1 and Scope 2 emissions. Looking ahead, the organisation has set ambitious targets to reduce its Scope 1 and Scope 2 emissions by 50% by 2030, using a 2020 baseline. Furthermore, Paragon Banking is committed to achieving net zero across all attributable greenhouse gas emissions, including financed emissions, by 2050. The emissions data is sourced directly from Paragon Banking Group PLC, with no cascading from a parent organisation. The company is actively working towards its climate commitments, demonstrating a proactive approach to sustainability and carbon footprint reduction.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 1,009,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 995,000 | 000,000 | 000,000 | 00,000 | 000,000 | 000,000 |
| Scope 3 | 622,000 | 000,000 | 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 participating in any of the initiatives that 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.
