Environmental policy and risk management
We comply with all applicable laws and regulations relating to the environment and include these within our legal compliance framework. Our environmental commitment is included in our Health, Safety and Environmental Policy, which is approved by our Chief Executive and our Chief People Officer.
Our environmental commitments are approved by our Chief Executive and kept under regular review.
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 by the second line Operational Risk function and the Operational Risk Committee.
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.
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.