Paragon Commercial Corporation
Paragon Commercial Corporation, commonly referred to as Paragon Bank, is a prominent financial institution headquartered in the United States. Established in 2005, the company has made significant strides in the banking sector, particularly in providing specialised lending solutions and deposit products. With a strong presence in key operational regions across the US, Paragon Bank focuses on commercial real estate financing, construction loans, and asset-based lending. What sets Paragon apart is its commitment to personalised service and innovative financial products tailored to meet the unique needs of its clients. The bank has garnered a reputation for its robust risk management practices and customer-centric approach, positioning itself as a trusted partner in the commercial banking landscape. With a track record of steady growth and notable achievements, Paragon Commercial Corporation continues to be a leader in delivering exceptional financial services.
DitchCarbon Score
How does Paragon Commercial Corporation'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 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
Paragon Commercial Corporation's score of 25 is lower than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Paragon Commercial Corporation's reported carbon emissions
Paragon Commercial Corporation, headquartered in the US, currently does not report specific carbon emissions data, as indicated by the absence of emissions figures in kg CO2e. The company is identified as a merged entity, inheriting its climate commitments and data from its parent organisation, TowneBank, at a cascade level of 1. While there are no documented reduction targets or specific climate pledges from Paragon Commercial Corporation, the company is part of a broader corporate family that may have its own sustainability initiatives. As such, it is essential to monitor TowneBank's climate strategies and performance, which could influence Paragon's future commitments and emissions reporting. In the context of industry standards, Paragon Commercial Corporation's lack of specific emissions data highlights a common challenge faced by many organisations in establishing transparent climate commitments. As the company progresses, it may adopt industry-standard practices such as Science-Based Targets Initiative (SBTi) targets or other recognised frameworks to enhance its sustainability profile.
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Paragon Commercial Corporation is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
