Pra Sustainability Profile
Pra Group, Inc., commonly referred to as Pra, is a leading provider of financial services headquartered in the United States. Founded in 1996, the company has established a strong presence in various operational regions, including North America and Europe. Specialising in the acquisition and management of non-performing loans, Pra has carved out a niche in the debt recovery industry. With a commitment to ethical practices and innovative solutions, Pra offers unique services that distinguish it from competitors. The company has achieved significant milestones, including a robust market position and recognition for its customer-centric approach. Pra's dedication to responsible debt management and its strategic growth initiatives have solidified its reputation as a trusted partner in the financial services sector.
DitchCarbon Score
How does Pra'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 Services Auxiliary to Financial Intermediation 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
Pra's score of 32 is higher than 50% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Pra's reported carbon emissions
In 2022, PRA Group, Inc. reported total global emissions of approximately 33,785,000 kg CO2e, with a breakdown of 38,000 kg CO2e from Scope 1, 3,667,000 kg CO2e from Scope 2, and a significant 30,264,000 kg CO2e from Scope 3 emissions. In the US, the company disclosed Scope 2 emissions of about 3,463,000 kg CO2e for the same year. PRA Group has not set specific reduction targets or initiatives as part of their climate commitments, and there are no documented SBTi (Science Based Targets initiative) reduction targets. The absence of a climate pledge further indicates a lack of formalised commitments towards emission reductions. The emissions data is not cascaded from any parent organisation, and all figures are directly reported by PRA Group, Inc. This data highlights the company's current emissions profile and underscores the need for future climate action and commitments to address their carbon footprint effectively.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 5,637,000 | 00,000 | 00,000 |
| Scope 2 | 43,120,000 | 00,000,000 | 0,000,000 |
| Scope 3 | 2,164,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Pra's Industry?
How Carbon Intensive is Pra's Location?
Pra's Scope 3 Categories Breakdown
Pra's Scope 3 emissions, which decreased by 21% last year and increased significantly since 2020, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 98% of Scope 3 emissions.
Top Scope 3 Categories
Pra'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.
Pra has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
