Paragon Reit Sustainability Profile
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 27 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 Reit's reported carbon emissions
In 2023, Paragon REIT reported total carbon emissions of approximately 13,185,000 kg CO2e from Scope 2 and about 710,890 kg CO2e from Scope 3 emissions. This reflects a reduction from 14,536,000 kg CO2e in Scope 2 emissions in 2022. The company has set ambitious targets to achieve a 30% reduction in like-for-like greenhouse gas emissions intensity and an 18% reduction in like-for-like electricity intensity by 2025, using 2015 as a baseline. Paragon REIT's emissions data is not cascaded from any parent organization, indicating that the reported figures are solely from its own operations. The company is committed to enhancing its sustainability practices and reducing its carbon footprint in alignment with industry standards.
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| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - | - | - | - |
| Scope 2 | 29,171,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | - | - | 000,000 |
How Carbon Intensive is Paragon Reit's Industry?
How Carbon Intensive is Paragon Reit's Location?
Paragon Reit's Scope 3 Categories Breakdown
Their carbon footprint includes supplier sustainability and value chain emissions data across Scope 3 categories, with "Waste Generated in Operations" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Paragon Reit'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 Reit 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.
