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.
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.
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.
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.
In 2022, PRA Group, Inc. reported total carbon emissions of approximately 33,785,000 kg CO2e. This figure includes Scope 1 emissions of about 38,000 kg CO2e, primarily from mobile combustion (33,000 kg CO2e), and Scope 2 emissions of approximately 3,667,000 kg CO2e. The majority of their emissions stem from Scope 3, which accounted for about 30,264,000 kg CO2e, with significant contributions from purchased goods and services (29,705,000 kg CO2e) and business travel (354,000 kg CO2e). In the US, PRA Group disclosed Scope 2 emissions of approximately 3,463,000 kg CO2e for the same year. The company has not set specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to the Science Based Targets initiative (SBTi). PRA Group's emissions data is not cascaded from a parent company, and all reported figures are derived directly from their own disclosures. The company continues to monitor and report its emissions as part of its commitment to transparency in environmental impact.
Access structured emissions data, company-specific emission factors, and source documents
| 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 |
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.
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.
