How we act as an investor

Responsibility & Sustainability

Paragon is committed to a sustainable investment approach. We integrate environmental, social and corporate governance (Environmental, Social & Corporate Governance, ESG) considerations into our investment decisions and incorporate our sustainability standards into the management of our portfolio companies.

We are convinced that the implementation of high ESG standards minimizes business risks, leads to cost savings and consequently creates sustainable long-term value. As part of these efforts, we raise awareness among our management teams for the relevance of ESG aspects and support them in the continuous improvement of our companies with regards to ESG topics. Our commitment includes both the compliance with principles of sustainable investments in our portfolio firms as well as holding ourselves responsible to these standards.

ESG at Paragon

An interview with Paragon and our companies

Environment

Prevention of
environmental pollution
and reduction of
CO2 emissions

Social Aspects

Working conditions,
health and safety
at the workplace,
and anti-discrimination

Corporate Governance

risk management,
anti-corruption policies
and compliance
with ethical standards

UNPRI – United Nations “Principles for Responsible Investment”

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

Carbon Neutrality

Paragon has accounted for its direct and indirect carbon footprint since 2019 and systematically offsets it through environmental projects. The Myclimate Foundation has supported us in these efforts and ultimately certified us as a climate-neutral company. We calculate the carbon footprint according to the provisions of the Greenhouse Gas (GHG) Protocol (WRI and WBCSD, 2004), which takes into account all direct greenhouse gas emissions, all indirect emissions from the use of electricity, district heating and cooling and all additional relevant indirect emissions.

Sustainable Finance Disclosure Regulation (SFDR)

In accordance with the EU's Sustainable Finance Disclosure Regulation (SFDR), we seek to provide transparency on our responsible investment approach.

Legal Ombudsman and Whistleblowing-System

Paragon and its portfolio companies firmly reject and take action against any form of corruption, fraud and any other kind of criminal offence or violations of law. The appointment of an external lawyer as a legal ombudsman is one important element of Paragon’s compliance management system to prevent, detect and respond to criminal offences and breaches of rules. Internal and external whistleblowers can confidentially reach Attorney-at-Law Dr. Rainer Frank via ombudsperson-paragon@fs-pp.de, +49 (0) 30 31 86 85-933 or via an anonymous online whistleblowing system.