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Paragon Banking Group PLC
Paragon Banking Group's GHG Emissions Data Preview
In 2024, Paragon Banking Group completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Paragon Banking Group has also provided a category-level breakdown for 1 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
a
aVerified Sources Behind Paragon Banking Group’s Greenhouse Gas (GHG) Emissions Data
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Insights into Paragon Banking Group's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofParagon Banking Group amounted to1,293metric tons of CO2 equivalent.This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).ab
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Paragon Banking Groupdecreased by 13.8%, showing that the company has made progress in taking action to reduce the climate impact of its operations.ab
Paragon Banking Group's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Paragon Banking Group's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Paragon Banking Group were 818 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has Paragon Banking Group reduced its Scope 1 emissions over time?
Since 2019, Paragon Banking Group's Scope 1 emissions have decreased by 18.93%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year(2023), Paragon Banking Group's Scope 1 emissions decreased by 16.19%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
What are Paragon Banking Group's Scope 2 emissions?
In 2024, Paragon Banking Group reported Scope 2 greenhouse gas (GHG) emissions of 70 tCOâ‚‚e using the market-based method and 475 tCOâ‚‚e using the location-based method.ab
Has Paragon Banking Group reduced its Scope 2 emissions over time?
Since 2019, Paragon Banking Group's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have decreased by 52.26%, reflecting a declining long-term trend in Scope 2 emissions over time.b
Compared to the previous year(2023), Paragon Banking Group's Scope 2 emissions(Location-Based) have remained relatively stable, indicating that Paragon Banking Group's emissions have plateaued with no significant change in its energy consumption footprint.b
What methodology does Paragon Banking Group use for Scope 2 reporting?
In 2024, Paragon Banking Group reported its Scope 2 emissions using the market-based method and using the location-based method.ab
Paragon Banking Group's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Paragon Banking Group's Value Chain Emissions
In 2024, Paragon Banking Group reported 307,668 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Paragon Banking Group includes a breakdown across 1of the 15 Scope 3 categories defined by the GHG Protocol,matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
Paragon Banking Group's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Paragon Banking Group's Scope 3 emissions?
In 2024, Paragon Banking Group reported total Scope 3 emissions of 307,668 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 0%of these emissions originated from upstream activities such as purchased goods and capital goods, while 100%came from downstream activities like product use, distribution, and end-of-life treatment.a
Has Paragon Banking Group reduced its Scope 3 emissions over time?
Since 2019, Paragon Banking Group's Scope 3 emissionshave increased by 49,364.31%, reflecting a rising long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), Paragon Banking Group's Scope 3 emissions remained relatively stable, indicating that Paragon Banking Group's emissions have plateaued with no significant change in its value chain footprint.a
What categories of Scope 3 emissions does Paragon Banking Group disclose?
In 2024, Paragon Banking Group reported emissions for 1 out of the 15 Scope 3 categories defined by the GHG Protocol.a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
What are the main sources of Paragon Banking Group's Scope 3 emissions?
In 2024, the largest contributors to Paragon Banking Group's Scope 3 emissions were:a
- Investments (Cat. 15): 307,200 tCOâ‚‚e(100%)
Paragon Banking Group's Scope 3 Emissions by Categories
Insights into Paragon Banking Group’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Paragon Banking Group reported Scope 1 greenhouse gas (GHG) emissions of 818 tCOâ‚‚e and total revenues of USD 645 millions. This translates into an emissions intensity of 1.27 tCOâ‚‚e per millions USD.a
Paragon Banking Group's Scope 1 Emissions Intensity Compared to Peers
How does Paragon Banking Group's GHG emissions intensity compare to its peers?
In 2024, Paragon Banking Group reported a Scope 1 emissions intensity of 1.27 tCOâ‚‚e per millions USD. Compared to the peer group median of 0.16, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
Where does Paragon Banking Group rank on GHG emissions intensity within its industry?
In 2024, Paragon Banking Group ranked 20 out of 20 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
This places Paragon Banking Group among the least efficient performers, with one of the highest emissions intensities in its sector.a
Insights into Paragon Banking Group's Total Carbon Footprint
In 2024, Paragon Banking Group reported a total carbon footprint of 308,961 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 0.62% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.ab
The largest contributor to Paragon Banking Group's total carbon footprint was Scope 3 emissions, accounting for 99.58% of the company's total carbon footprint, followed by Scope 1 emissions at 0.26%.a