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OrganisationsParamount Group Inc
Paramount Group Inc logo

Paramount Group Inc

Business ServicesUnited StatesNYSE: PGRE
Last verified 5 days agopgre.com

Paramount Group Inc., a prominent player in the Other Business Services sector, is headquartered in the United States. Founded in 1998, the company has established itself as a leader in providing innovative solutions tailored to meet diverse client needs across various industries. With a strong operational presence in key regions, Paramount Group excels in delivering specialised services that enhance operational efficiency and drive business growth.

The company’s core offerings include strategic consulting, project management, and customised business solutions, all distinguished by their commitment to quality and client satisfaction. Paramount Group's reputation for excellence has earned it a notable position in the market, recognised for its ability to adapt to evolving industry demands and deliver exceptional results.

22
DitchCarbon score

-10 vs industry average

Paramount Group Inc’s score of 22 is lower than 39% of the industry. This can give you a sense of how well the company is doing compared to its peers.

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Industry Intensity

Low

Business Services has below-average carbon intensity

Industry performance

0.078
20192025

The Business Services industry has increased its overall emissions by 24% since 2019

Emissions trajectory 2020 – 2025

00.0M00.0M00.0M00.0M0

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202020212022202320242025

Reported emissions

Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e

Scope 3 accounts for ••• of total emissions.

Paramount Group Inc's reported carbon emissions

Paramount Group Inc., headquartered in the US and operating in the "Other business services (74)" sector, has disclosed Scope 1 and Scope 2 emissions data for recent years.

In 2022, the company reported total Scope 1 emissions of approximately 4.83 million kg CO2e and Scope 2 emissions of approximately 57.29 million kg CO2e. This marked an increase from 2021, when Scope 1 emissions were approximately 3.22 million kg CO2e and Scope 2 emissions were approximately 44.23 million kg CO2e. Prior to that, in 2020, Scope 1 emissions were approximately 5.12 million kg CO2e and Scope 2 emissions were approximately 45.31 million kg CO2e. In 2019, Scope 1 emissions were approximately 4.32 million kg CO2e and Scope 2 emissions were approximately 60.15 million kg CO2e.

Paramount Group Inc. has indicated a commitment to emissions reduction targets as of October 2024, with a near-term target status of "Committed". However, specific details regarding the classification, year, or magnitude of these near-term, long-term, or net-zero targets are not yet available. The company has not committed to a Net Zero target as of the latest reporting.

In 2023, no absolute emissions data was disclosed. However, the company did report a GHG emissions intensity of 5.45 units per ft2. Similar intensity figures were reported for previous years: 5.49 units per ft2 in 2022, 4.19 units per ft2 in 2021, 4.46 units per ft2 in 2020, and 5.7 units per ft2 in 2019.

Currently, Paramount Group Inc. does not report Scope 3 emissions.

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Paramount Group Inc’s Climate Goals (2030 & 2050)

No climate goals have been disclosed for Paramount Group Inc yet.

Scope 3 top emissions categories

No scope 3 category breakdown has been disclosed yet.

Climate initiatives

SCIENCE BASED TARGETS

Science Based Targets Initiative

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Active
CDP

Carbon Disclosure Project

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Active
THE CLIMATE PLEDGE

The Climate Pledge

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Not active
United Nations Global Compact

UN Global Compact Climate Champions initiative

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Not active
RE 100

RE 100

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Not active
Climate Action 100+

Climate Action 100

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Not active

Emissions comparison with industry peers

View similar organisations
CompanyCountryIndustryLast updatedScoreDetails
Paramount Group Inc logoParamount Group Inc
USBusiness Services
5 days ago
22
Empire State Realty Trust logoEmpire State Realty Trust
USReal Estate Services
60 minutes ago
42
View
Veris Residential logoVeris Residential
USReal Estate Services
13 days ago
40
View
Vornado Realty Trust logoVornado Realty Trust
USReal Estate Services
1 month ago
36
View
Sl Green Realty logoSl Green Realty
USReal Estate Services
1 month ago
32
View
Acadia Realty Trust logoAcadia Realty Trust
USReal Estate Services
22 hours ago
29
View
RPT Realty logoRPT Realty
USReal Estate Services
10 days ago
26
View

Frequently asked questions

Common questions about Paramount Group Inc’s sustainability data and climate commitments

In 2024, Paramount Group Inc reported total Scope 1 emissions of approximately 3.79 million kg CO2e and Scope 2 emissions of around 16.8 million kg CO2e. This indicates a significant reduction from previous years, as the company aims to lower its carbon footprint. The total emissions for Scope 1 and Scope 2 combined are approximately 20.6 million kg CO2e. This data highlights the company's ongoing efforts to manage and reduce its environmental impact in the US business services sector.

Data year: 2024

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Ditchcarbonv260708.3
[email protected]+44 203 475 7875

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London W1W 5PF

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