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 58 is higher than 99% 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 2023, Paragon Banking reported total carbon emissions of approximately 1,525,000 kg CO2e. This figure includes 976,000 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources, and 524,000 kg CO2e from Scope 2 emissions, related to purchased electricity. Additionally, Scope 3 emissions totalled 487,000 kg CO2e, primarily from fuel and energy-related activities. In 2024, emissions decreased to about 1,356,000 kg CO2e, with Scope 1 emissions at 818,000 kg CO2e and Scope 2 emissions at 475,000 kg CO2e. Scope 3 emissions remained relatively stable at 468,000 kg CO2e. Despite these figures, Paragon Banking has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The bank's emissions data reflects a commitment to transparency, but further details on strategic climate initiatives or long-term goals are not available. Overall, Paragon Banking's emissions profile highlights the importance of ongoing monitoring and potential future commitments to enhance sustainability and reduce carbon footprints in alignment with industry standards.
Unlock detailed emissions data
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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 | 990,000 | 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 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.
