Paragon Offshore Drilling LLC Sustainability Profile
Paragon Offshore Drilling LLC, a prominent player in the offshore drilling industry, is headquartered in the United States. Founded in 2014, the company has quickly established itself as a key provider of drilling services, primarily focusing on the deepwater and ultra-deepwater sectors. With operational regions spanning the Gulf of Mexico and international waters, Paragon Offshore is well-positioned to meet the demands of a dynamic market. The company offers a diverse range of services, including drilling rig operations and management, which are distinguished by their commitment to safety and efficiency. Paragon Offshore's modern fleet of rigs and advanced technologies enhance its competitive edge, enabling it to deliver reliable solutions to its clients. Recognised for its operational excellence, Paragon Offshore continues to solidify its market position through strategic partnerships and a focus on innovation in offshore drilling.
DitchCarbon Score
How does Paragon Offshore Drilling LLC'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 Crude Oil Extraction 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 Offshore Drilling LLC's score of 17 is lower than 52% 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 Offshore Drilling LLC, headquartered in the US, currently does not report any specific carbon emissions data, as indicated by the absence of emissions figures. The company is a current subsidiary of Borr Drilling Limited, which may influence its climate commitments and reporting practices. As of now, Paragon Offshore Drilling LLC has not established any documented reduction targets or climate pledges. The lack of specific emissions data suggests that the company may be in the early stages of developing its sustainability strategy or may rely on its parent company's initiatives for guidance. Given its relationship with Borr Drilling Limited, any climate commitments or emissions data may be cascaded from this parent organisation. However, no specific targets or initiatives from Borr Drilling Limited have been detailed in relation to Paragon Offshore Drilling LLC's operations. In summary, while Paragon Offshore Drilling LLC does not currently provide emissions data or reduction targets, its affiliation with Borr Drilling Limited may play a role in shaping its future climate commitments.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 104,952,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 1,266,000 | 000,000 | 000,000 | - | 000,000 | 000,000 |
| Scope 3 | - | - | 00,000,000 | 0,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Paragon Offshore Drilling LLC's Industry?
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Paragon Offshore Drilling LLC's Scope 3 Categories Breakdown
Paragon Offshore Drilling LLC's Scope 3 emissions, which increased by 19% last year and increased by approximately 123% since 2020, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 25% of total emissions under the GHG Protocol, with "Fuel and Energy Related Activities" being the largest emissions source at 70% of Scope 3 emissions.
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Paragon Offshore Drilling LLC's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Paragon Offshore Drilling LLC has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
