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 69 is higher than 99% 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 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 amounted to 487,000 kg CO2e, which includes indirect emissions from the value chain. Paragon Banking has set ambitious climate commitments, aiming for net zero emissions across its operational footprint by 2030 for both Scope 1 and Scope 2 emissions. Furthermore, the organisation is committed to achieving net zero across all scopes by 2050, aligning with the UK Government's broader climate goals. Over the years, Paragon Banking has demonstrated a proactive approach to reducing its carbon footprint, with significant reductions noted in its emissions data. For instance, from 2021 to 2023, the total emissions decreased from approximately 8,743,388 kg CO2e to 1,525,000 kg CO2e, showcasing a substantial commitment to sustainability and environmental responsibility.
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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 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.
