Paramount Group Inc Sustainability Profile
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 28 is higher than 53% 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 2024, Paramount Group Inc, headquartered in the US, reported total carbon emissions of approximately 20,589,000 kg CO2e, which includes 3,786,000 kg CO2e from Scope 1 and 16,803,000 kg CO2e from Scope 2 emissions (market-based). The previous year, 2023, the company recorded about 18,623,000 kg CO2e, comprising 4,323,000 kg CO2e from Scope 1 and 14,300,000 kg CO2e from Scope 2 emissions (market-based). Paramount Group has committed to near-term emissions reduction targets, although specific numerical 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 set a net-zero target. The emissions data reflects a consistent focus on managing and reporting carbon outputs, with a notable emphasis on Scope 1 and Scope 2 emissions, while Scope 3 emissions data has not been disclosed. The company operates within the real estate sector and continues to explore avenues for reducing its carbon footprint in alignment with industry standards.
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| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Scope 1 | 4,321,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 60,146,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - |
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Paramount Group Inc'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.
Paramount Group Inc has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
