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 34 is higher than 62% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Paramount Group Inc's reported carbon emissions
In 2023, Paramount Group Inc, headquartered in the United States, reported significant carbon emissions totalling approximately 61,739,000,000 kg CO2e for Scope 1, 19,657,000,000 kg CO2e for Scope 2, and a substantial 150,000,000 kg CO2e for investments, alongside various other categories under Scope 3. The total emissions from capital goods reached about 62,125,000,000 kg CO2e, with business travel contributing approximately 35,090,000,000 kg CO2e and employee commute at about 19,670,000,000 kg CO2e. In comparison, the previous year, 2022, saw emissions of approximately 4,831,000 kg CO2e for Scope 1 and 57,292,000 kg CO2e for Scope 2, indicating a shift in reporting and possibly an increase in operational scale or changes in methodology. Paramount Group has committed to near-term climate targets, although specific reduction targets have not been disclosed. The company is actively engaged in climate initiatives, as indicated by its commitment status with the Science Based Targets initiative (SBTi). However, it has not yet committed to a net-zero target. Overall, Paramount Group Inc is taking steps towards understanding and managing its carbon footprint, with a focus on transparency in emissions reporting and a commitment to future climate action.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 4,321,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000,000,000.00 |
| Scope 2 | 60,146,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000,000,000 |
| 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 participating in some of the initiatives that 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.
