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 across various scopes. The total emissions for Scope 1 amounted to approximately 61,739,000,000 kg CO2e, while Scope 2 emissions were about 19,657,000,000 kg CO2e. The company also disclosed extensive Scope 3 emissions, including 74,066,000,000 kg CO2e from purchased goods and services, 62,125,000,000 kg CO2e from capital goods, and 35,090,000,000 kg CO2e from business travel, among other categories. In previous years, emissions were considerably lower, with Scope 1 and Scope 2 emissions in 2022 reported at approximately 4,831,000 kg CO2e and 57,292,000 kg CO2e, respectively. This indicates a substantial increase in emissions in 2023, particularly in Scope 3 categories, which were not reported in earlier years. Paramount Group has committed to near-term climate targets, although specific reduction targets have not been detailed. 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. Overall, Paramount Group Inc's emissions data reflects a complex landscape of carbon outputs, with a clear need for strategic reduction initiatives to align with global climate goals.
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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.
