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 higher than 87% 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, with emissions distributed across various scopes: 941,000 kg CO2e from Scope 1, 540,000 kg CO2e from Scope 2, and 581,000 kg CO2e from Scope 3. This marked a reduction from 2021, where total emissions were about 8,743,388 kg CO2e. The bank's emissions profile indicates a commitment to transparency, having disclosed emissions across all three scopes. However, there are currently no specific reduction targets or initiatives outlined in their reports. Paragon Banking's emissions intensity, measured in relation to revenue, shows a trend towards improved efficiency, with a reported economic emissions intensity of 0.0192 in 2022. The bank continues to engage in climate-related initiatives, although specific reduction commitments have not been established. Overall, Paragon Banking is actively monitoring its carbon footprint and is positioned to enhance its climate commitments in the future.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 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.
