Loading
Family Trust

RESPONSIBILITY & SUSTAINABILITY

Our actions as shareholders

Heading

Paragon is committed to a sustainable investment approach. We integrate environmental, social and governance (“ESG”) considerations into our investment decisions and translate our sustainability standards into the corporate governance of our portfolio companies.

We believe that establishing ESG standards leads to business risk minimization and significant cost reductions. To this end, we regularly raise our managers’ awareness of ESG issues, emphasize their relevance for sustainable business success, and work together to continuously improve our companies. We also align our own actions with these principles. In this context, Paragon focuses on the following topics in the area of ESG:

ENVIRONMENT

PREVENTION OF
POLLUTION
AND REDUCTION OF
CO2 EMISSIONS

SOCIAL ASPECTS

WORKING CONDITIONS,
HEALTH AND SAFETY
IN THE WORKPLACE
AND ANTI-DISCRIMINATION

CORPORATE MANAGEMENT

RISK MANAGEMENT,
ANTI-CORRUPTION
AND COMPLIANCE WITH ETHICAL
STANDARDS

UNPRI – UNITED NATIONS „PRINCIPLES FOR RESPONSIBLE INVESTMENT“

To underline our responsibility in environmental issues, fair labor standards and ethical corporate governance, Paragon has committed to bindingly comply with the “Principles for Responsible Investment” (“UNPRI”) formulated by the United Nations. →

CLIMATE NEUTRALITY

Paragon has been balancing its direct and indirect emissions footprint since 2019 and consistently offsets this through environmental projects. To this end, we work with the Myclimate foundation, which has certified us as a climate-neutral company. We calculate the carbon footprint in accordance with the Greenhouse Gas (GHG) Protocol (WRI and WBCSD, 2004), which takes into account all direct greenhouse gas emissions, all indirect emissions from the consumption of electricity, district heating and cooling, and all other relevant indirect emissions.