Carbon Net Zero Plan
Presenting our Carbon Net Zero strategy.
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Paragon's Carbon Net Zero Plan
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The Paragon Carbon Net Zero Plan forms a key part of our Planet pillar. It lays out our short and long-term targets that will deliver lasting change. The plan is aligned with the Paris Climate Agreement to limit global warming to 1.5C above pre-industrial levels.
We have set ambitious targets, against a baseline of our FY 2021/2022:
- Scope 1: 50% reduction by 2032, followed by 90% reduction by 2040
- Scope 2: 90% reduction by 2032, followed by 90% reduction by 2040
- Scope 3 Engagement: 90% of supply chain spend with partners with a science-aligned Carbon Net Zero Plan by 2032
- Scope 3 Intensity target: 50% reduction in carbon intensity by 2032, followed by 97% reduction by 2045