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Environmental policy

Investors in People - Champion

Paragon is accredited by Investors in People holding Champion status since 2014.

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We are mainly engaged in mortgage and consumer finance and therefore our overall environmental impact is considered to be low. The main environmental impacts of most of our operations are limited to universal environmental issues such as resource use, procurement in offices and business travel.

One of our asset finance businesses, Specialist Fleet Services (‘SFS’), leases refuse collection vehicles to local authorities throughout the UK. SFS undertake additional aftersales activities that include servicing, maintenance and breakdown support.

SFS operates from several workshops around the UK and has exposure to several waste streams, including oils and vehicle parts, that come from their own workshop activities. These are effectively managed under an environmental management system that is certificated to an International Standard – ISO14001:2015. SFS has a dedicated Health and Safety Manager with direct responsibility for all of its sites.

Our environmental commitment is included within the Health, Safety and Environmental policy that is approved by the Chief Executive and the People Director, and which is publicly displayed in our buildings. Data is collected by the Facilities Team, which monitors consumption figures and reports this to the business upwards to board level.

We comply with the Energy Savings and Opportunities Scheme (‘ESOS’). This is a UK Government initiative, under an EU Directive, and requires the Group to identify and reduce its energy consumption. We are already in the data collection phase of the process to benchmark our current energy consumption to allow us to set achievable targets for reduction. We have implemented an Energy Working Group which reports to the Property Steering Group to prioritise and drive forward key recommendations for the more efficient use of energy.

We comply with all applicable laws and regulations relating to the environment. We operate a Green Charter to raise employees’ awareness of recycling and campaigns are also run to reduce various forms of waste such as food, consumables or energy. Our Green Charter:

  • Ensures all buildings occupied by the Group are managed efficiently by its Facilities Team
  • Encourages employees to conserve energy
  • Promotes recycling by negotiating contracts and providing facilities to enable employees to recycle office waste and other used products
  • Controls business travel by promoting video conferencing between sites when appropriate and provides opportunities for employees to travel to work in various ways; such as providing cycle racks
  • Ensures liaison with the local community
  • Ensures that redundant IT equipment is disposed of within current directives / regulations (WEEE - Waste Electrical and Electronic Equipment)
  • Ensures that all fluorescent light tubes are disposed of in a safe manner, compliant with appropriate regulations
  • Arranges for paper waste products to be recycled, securely, by third parties

The Green Charter is kept under continuous review by the Facilities Team. Our paper based stationery is procured from Forest Stewardship Council (‘FSC’) certified suppliers.

All of our redundant IT equipment is collected by an accredited third party company who achieve the maximum amount of plastic and metals recycling possible for this WEEE waste.

We operate a Cycle to Work scheme, enabling employees to obtain cycles at preferential rates for commuting purposes, thereby reducing the carbon footprint of travel on the local community.

We have been involved in no prosecutions, accidents or similar non-compliances in respect of environmental matters.

For further information, view our latest Report and Accounts.

Paragon Banking Group PLC.  Registered in England number 2336032.  Registered office 51 Homer Road, Solihull, West Midlands  B91 3QJ.

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