Paramount Group Inc
Paramount Group Inc., a leading player in the aerospace and defence industry, is headquartered in the United States. Founded in 1994, the company has established a strong presence in key operational regions, including North America and Europe. Paramount Group is renowned for its innovative solutions in defence and security, specialising in advanced military vehicles, surveillance systems, and integrated technology platforms. With a commitment to quality and performance, Paramount's products stand out for their cutting-edge design and operational effectiveness. The company has achieved significant milestones, including partnerships with various governments and defence organisations, solidifying its market position as a trusted provider. Paramount Group Inc. continues to push the boundaries of technology, ensuring it remains at the forefront of the aerospace and defence sector.
DitchCarbon Score
How does Paramount Group Inc'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 Business 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
Paramount Group Inc's score of 29 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Paramount Group Inc's reported carbon emissions
In 2023, Paramount Group Inc reported total carbon emissions of approximately 8,265,330 kg CO2e, comprising 748,980 kg CO2e from Scope 1 and 7,785,350 kg CO2e from Scope 2. The company also disclosed significant Scope 3 emissions, including approximately 15,000,000,000 kg CO2e from investments and 62,125,000,000,000 kg CO2e from capital goods, among other categories. Over the years, Paramount has made notable progress in reducing its emissions. From 2019 to 2023, Scope 1 emissions decreased from 4,321,000 kg CO2e to 748,980 kg CO2e, while Scope 2 emissions saw a reduction from 60,146,000 kg CO2e to 7,785,350 kg CO2e. This indicates a strong commitment to lowering their carbon footprint. Despite these reductions, there are currently no specific reduction targets or climate pledges documented, which suggests that while the company is actively reducing emissions, it may not have formalised commitments in line with industry standards such as the Science Based Targets initiative (SBTi). Overall, Paramount Group Inc's efforts reflect a proactive approach to climate action, with significant reductions in both Scope 1 and Scope 2 emissions over recent years.
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Add to project| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 4,321,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 | 0,000,000 |
| Scope 2 | 60,146,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | 000,000,000,000,000.00 | - |
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.
Paramount Group Inc 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.
