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 51 is higher than 73% 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 reported total carbon emissions of approximately 2,138,200,000 kg CO2e globally. This includes Scope 1 emissions of about 45,969,000 kg CO2e, Scope 2 emissions of approximately 19,657,000,000 kg CO2e (with a market-based total of about 95,636,000 kg CO2e), and Scope 3 emissions of around 1,996,595,000 kg CO2e. In the US, the company recorded Scope 1 emissions of about 4,358,000 kg CO2e and Scope 2 emissions of approximately 57,381,000 kg CO2e for the same year. Paramount Group has committed to significant emissions reductions, pledging to cut its Scope 1 and 2 greenhouse gas emissions by 50% by 2028. This commitment is part of the Department of Energy’s Better Climate Challenge, reflecting the company's ongoing efforts to enhance its environmental performance. The company has already achieved substantial reductions over the past 15 years, demonstrating a proactive approach to climate action. The emissions data is not cascaded from any parent organization, indicating that these figures are independently reported by Paramount Group Inc. The company is actively engaged in sustainability initiatives, aiming to align with industry standards and contribute to global climate goals.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 4,321,000 | 0,000,000 | 000,000,000 | 000,000,000 | 00,000,000 |
| Scope 2 | 60,146,000 | 00,000,000 | 000,000,000 | 000,000,000 | 00,000,000 |
| Scope 3 | - | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
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.
