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 30 is higher than 86% 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 significant carbon emissions, with Scope 1 emissions reaching approximately 61,739,000,000 kg CO2e and Scope 2 emissions at about 19,657,000,000 kg CO2e. Additionally, the company disclosed Scope 3 emissions, which included substantial figures such as 62,125,000,000 kg CO2e for capital goods and 74,066,000,000 kg CO2e for purchased goods and services. Over the years, Paramount Group has shown a trend of fluctuating emissions. In 2022, the company emitted around 4,831,000 kg CO2e in Scope 1 and 57,292,000 kg CO2e in Scope 2. This was a decrease from 2021, where emissions were approximately 3,223,000 kg CO2e for Scope 1 and 44,233,000 kg CO2e for Scope 2. The company’s emissions in 2020 were about 5,116,000 kg CO2e for Scope 1 and 45,310,000 kg CO2e for Scope 2, indicating a general reduction in emissions intensity over the years. Paramount Group has committed to near-term climate targets, although it has not set a net-zero target as of now. The company is actively working towards reducing its carbon footprint, reflecting a commitment to sustainability within the real estate sector. However, specific reduction targets have not been disclosed. Overall, Paramount Group Inc's emissions data highlights the ongoing challenges and commitments in addressing climate change, with a focus on improving operational efficiencies and reducing overall carbon emissions.
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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 committed to some 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.
