Potential offtaker

Paragon Banking Group PLC

www.paragonbankinggroup.co.uk

Estimated electricity consumption

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Countries of production presence

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Paragon Banking Group PLC is a UK-based company that operates in the Mortgage Lenders sector. The company was founded in 1985 and is headquartered in Solihull, West Midlands. Paragon Banking Group PLC is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

Paragon Banking Group PLC is committed to decarbonisation and reducing its carbon footprint. The company has set ambitious targets to reduce its greenhouse gas emissions and has implemented a range of measures to achieve these targets. These measures include investing in renewable energy, implementing energy efficiency measures, and promoting sustainable practices across its operations.

One of the key areas of focus for Paragon Banking Group PLC is corporate energy. The company has implemented a range of measures to reduce its energy consumption and improve its energy efficiency. These measures include upgrading its buildings to improve insulation, installing energy-efficient lighting and heating systems, and implementing energy management systems to monitor and control energy use.

Paragon Banking Group PLC is also committed to investing in renewable energy. The company has invested in a range of renewable energy projects, including wind, solar, and hydroelectric power. These projects generate clean energy and help to reduce the company's carbon footprint. In addition, Paragon Banking Group PLC has implemented a corporate power purchase agreement (PPA) to purchase renewable energy directly from renewable energy generators. This helps to support the growth of the renewable energy sector and reduce the company's reliance on fossil fuels.

Corporate PPAs are a key part of Paragon Banking Group PLC's strategy to decarbonise its operations. These agreements enable the company to purchase renewable energy directly from renewable energy generators, providing a secure and reliable source of clean energy. In addition, corporate PPAs can help to reduce energy costs and provide a hedge against future energy price volatility.

Paragon Banking Group PLC is also committed to promoting sustainable practices across its operations. The company has implemented a range of measures to reduce waste, promote recycling, and encourage sustainable transport. These measures include implementing recycling programs, promoting the use of public transport, and encouraging employees to cycle or walk to work.

In conclusion, Paragon Banking Group PLC is a UK-based company that operates in the Mortgage Lenders sector. The company is committed to decarbonisation and reducing its carbon footprint. Paragon Banking Group PLC has implemented a range of measures to achieve these goals, including investing in renewable energy, implementing energy efficiency measures, and promoting sustainable practices across its operations. The company's commitment to decarbonisation and sustainability is a key part of its strategy to create long-term value for its stakeholders.

✓ Declared Net Zero commitment