Parsons Announces Net-Zero Emissions Strategy
04/17/2023 - 01:25 PM
Progressive Goals Represent Next Level of Company’s Climate Approach
CENTREVILLE, Va., April 17, 2023 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) today announced a commitment to set updated near and long-term targets for Greenhouse Gas (GHG) emissions aligned with 1.5°C and net-zero through the Business Ambition for 1.5°C campaign; a leading global coalition committed to taking urgent climate action.
Parsons committed to near and long-term company-wide emission reductions in line with science-based net-zero from the Science Based Targets initiative (SBTi), which leads the Business Ambition for 1.5°C. SBTi is a collaboration between CDP, the United Nations Global Compact (UNGC), World Resources Institute (WRI), World Wide Fund for Nature, and the We Mean Business Coalition Commitments. Additionally, Parsons is a member of the UNGC.
“We recognize the importance of rapid and deep emission cuts towards the goal of halving global emissions before 2030 and achieving net-zero before 2050,” said Mark Van Andel, Vice President, Environmental, Social & Governance (ESG) at Parsons. “Updating our GHG targets and making a net-zero commitment aligns with our core value of sustainability and represents the company’s dedication to serving as a responsible, engaged, and proactive global partner.”
Parsons will submit targets to SBTi for validation including a 45% reduction for both Scope 1 (Direct Emissions) and Scope 2 (Indirect Emissions From Purchased Energy), our fist target for Scope 3 (Corporate Value Chain Emissions), and net-zero GHG Emissions no later than 2045. These targets are absolute reductions from a 2021 baseline to 2031. In January 2023, the company’s Board of Directors approved the commitment to set validated near and long-term targets and agreed to the proposed targets.
The company’s plan to achieve climate goals includes continued reduction of its real estate footprint, low carbon energy procurement, ongoing flexible work options for employees, and proactive management of both business travel and the emissions associated with our supply. The plan also includes continued efficiency improvements of Parsons’ fleet vehicles across the company and on projects, including the introduction of the first electric trucks in 2023.
To learn more about Parsons’ ESG vision, please visit: parsons.com/care/
About Parsons Please visit Parsons.com and follow us on LinkedIn and Facebook to learn how we're making an impact.
Media Contact:
Investor Relations Contact:Dave.Spille@Parsons.com
PSN Rankings
#966 Ranked by Stock Gains
PSN Stock Data
Industry
Computer Systems Design Services
Sector
Professional, Scientific, and Technical Services
Tags
Engineering & Construction, Information Technology Services, Technology Services, Professional, Scientific, and Technical Services, Computer Systems Design Services
Country
US
City
Centreville
About PSN
founded in 1944, parsons is an engineering, construction, technical, and management services firm. our revenues in 2014 were $3.1 billion. we are 100% owned by our employee stock ownership trust. we conquer the toughest logistical challenges and deliver design/design-build, program/construction management, professional services, and innovative alternative delivery solutions to private industrial customers worldwide as well as to federal, regional, and local government agencies. parsons is a leader in many diversified markets with a focus on defense/security, industrial, and infrastructure. currently, more than 15,000 parsons employees are engaged in nearly 5,000 projects in 29 countries. collectively, our dedicated workers speak more than 80 languages and hold more than 11,800 college degrees and professional registrations. parsons' employees continue to go anywhere in the world, meet every technical and management challenge, and persevere until the job is done. social media house ru
