Paragon Reit
Paragon REIT, officially known as Paragon Real Estate Investment Trust, is a prominent player in the real estate investment sector, headquartered in Singapore (SG). Established in 2013, the REIT focuses on acquiring and managing a diversified portfolio of high-quality income-generating properties, primarily in the retail and commercial sectors across Singapore and the Asia-Pacific region. With a commitment to delivering sustainable returns, Paragon REIT stands out for its strategic asset management and tenant diversification. The trust's portfolio includes notable properties that enhance its market position, reflecting its dedication to operational excellence and innovation. Over the years, Paragon REIT has achieved significant milestones, solidifying its reputation as a reliable investment choice in the competitive real estate landscape.
DitchCarbon Score
How does Paragon Reit'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 Real Estate Services 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 Reit's score of 6 is higher than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Paragon Reit's reported carbon emissions
In 2023, Paragon Reit reported carbon emissions of approximately 13,185,000 kg CO2e for Scope 2 and 710,890 kg CO2e for Scope 3. This marks a reduction from 2022, where Scope 2 emissions were about 14,536,000 kg CO2e. Notably, there were no reported emissions for Scope 1 in any of the years disclosed. The emissions data for previous years shows a trend of decreasing Scope 2 emissions, with 20,739,000 kg CO2e in 2021 and 19,759,000 kg CO2e in 2020. The GHG emissions intensity for Paragon and The Clementi Mall was reported at 160.0 kg CO2e/m² for both 2021 and 2022, while the electricity intensity was 0.4 kWh/m² in 2021 and 0.38 kWh/m² in 2022. Despite the absence of specific reduction targets or climate pledges, Paragon Reit is actively monitoring and reporting its emissions, demonstrating a commitment to transparency in its climate impact. The focus on reducing Scope 2 emissions aligns with industry standards for managing energy-related emissions.
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Add to project| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | - | - | - | - |
| Scope 2 | 19,759,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | 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 Reit 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.
