Environmental policy and risk management
Our environmental commitment is included in our Health, Safety and Environmental Policy. This is approved by our Chief Executive and our People Director, and it is displayed in our buildings.
Energy data is collated by Group Property, the division responsible for managing Paragon’s premises. Consumption figures for all locations occupied, whether directly owned or tenanted, are actively monitored. This is reported upwards to Board level.
The environmental risk inherent in our operations is managed by the Group Property function and is within the remit of the Chief Operating Officer. It is monitored within our operational risk management framework and is monitored by the second line Operational Risk function and the Operational Risk Committee.
We comply with the Energy Savings and Opportunities Scheme. This is a UK Government initiative, under an EU Directive, and requires us to identify and reduce our energy consumption.
Paragon has not been involved in any prosecutions, accidents or similar non-compliances in respect of environmental matters and has not incurred any fines in respect of such matters.