Paragon Banking

Paragon Banking's reported carbon emissions

Paragon Banking Group, operating within financial intermediation services in GB, has been actively reporting its carbon emissions and setting climate commitments. For the reporting year 2025, Paragon Banking Group reported total emissions of approximately 1.2 million kg CO2e. This figure comprises approximately 706,000 kg CO2e for Scope 1 emissions and approximately 74,000 kg CO2e for Scope 2 emissions (market-based). Scope 3 emissions for this period amounted to approximately 422,000 kg CO2e. In 2024, the company's total emissions were approximately 1.36 million kg CO2e, with Scope 1 emissions at about 818,000 kg CO2e and Scope 2 (market-based) at approximately 70,000 kg CO2e. Scope 3 emissions were approximately 468,000 kg CO2e. Looking back, in 2023, total emissions were approximately 1.53 million kg CO2e. Scope 1 emissions were about 976,000 kg CO2e, and Scope 2 emissions were approximately 524,000 kg CO2e. Scope 3 emissions for 2023 were around 487,000 kg CO2e. Paragon Banking Group is committed to a net-zero future, with a long-term goal to achieve net zero by 2050 across all attributable greenhouse gas emissions, including financed emissions. Furthermore, the group aims to become operationally net zero by 2030. To support these ambitions, Paragon Banking Group has set near-term targets, including a commitment to reduce Scope 1 and Scope 2 emissions by 50% by 2030, using a 2020 baseline. In the past, the company reported achieving a 46% reduction in CO2e emissions from its sites between 2017 and 2021.