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 52% 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 on a market-based approach, which includes 3,786,000 kg CO2e from Scope 1 and 16,803,000 kg CO2e from Scope 2 emissions. The location-based total for Scope 2 emissions was significantly higher at about 61,685,000 kg CO2e. In 2023, the company’s emissions were approximately 18,623,000 kg CO2e (market-based), with Scope 1 emissions at 4,323,000 kg CO2e and Scope 2 emissions at 14,300,000 kg CO2e. Paramount Group has committed to near-term climate targets, although specific reduction targets have not been disclosed. The company is actively engaged in sustainability initiatives within the real estate sector, reflecting a commitment to reducing its carbon footprint. Notably, there is no indication of a net-zero commitment at this time. The emissions data is not cascaded from any parent company, indicating that Paramount Group, Inc. independently reports its emissions and climate commitments. The company continues to monitor and report its emissions, aiming for transparency and accountability in its environmental impact.
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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.
Frequently Asked Questions
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