Parsons Corporation Recognized as One of the 2025 World's Most Ethical Companies for Sixteenth Consecutive Year

Parsons Corporation recognized as one of the 2025 World’s Most Ethical Companies for the sixteenth consecutive year.

Quiver AI Summary

Parsons Corporation has been recognized as one of the 2025 World’s Most Ethical Companies by Ethisphere, marking its sixteenth consecutive year receiving this honor. This year’s awards included 136 companies from 19 countries across 44 industries, with Parsons being one of only three in the Engineering Services category. CEO Carey Smith emphasized that this recognition reflects Parsons' commitment to ethics and integrity, which is central to its business culture and practices over its 81-year history. The company's ethics program focuses on employee engagement and transparency, setting high standards for its operations and suppliers. The recognition by Ethisphere is based on a thorough evaluation of over 240 criteria related to ethical practices, governance, and social impact, reinforcing the company's dedication to uphold strong ethical standards in its work.

Potential Positives

Parsons Corporation has been recognized as one of the 2025 World’s Most Ethical Companies, marking the sixteenth consecutive year the company has received this honor.
The company is one of only three honorees in the Engineering Services category, highlighting its excellence within a competitive industry.
This recognition reinforces Parsons' commitment to ethics and integrity, which is integral to its brand and corporate culture, potentially enhancing trust among customers, employees, and shareholders.

Potential Negatives

While the recognition as one of the World’s Most Ethical Companies is certainly a positive, it could raise expectations among stakeholders regarding the company's ethical practices, leading to scrutiny and increased pressure to maintain these standards consistently.
The press release's heavy emphasis on ethical practices may indicate potential past issues if the company feels the need to reassure stakeholders of its integrity frequently.
Parsons' need to highlight its ethics program and commitments could suggest that transparency has become a critical focus, possibly due to previous incidents or reputational challenges in the industry.

FAQ

What recognition has Parsons Corporation received in 2025?

Parsons has been named one of the 2025 World’s Most Ethical Companies by Ethisphere.

How many years has Parsons received this award?

This marks the sixteenth consecutive year Parsons has been recognized as one of the World’s Most Ethical Companies.

In which category is Parsons honored for its ethical practices?

Parsons is one of only three honorees in the Engineering Services category.

What is the basis of Ethisphere's assessment for ethical recognition?

Ethisphere's assessment is based on their proprietary Ethics Quotient®, requiring companies to provide over 240 proof points.

How does Parsons demonstrate its commitment to ethics?

Parsons emphasizes employee engagement and transparency as key components of its ethics program.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.

$PSN Hedge Fund Activity

We have seen 251 institutional investors add shares of $PSN stock to their portfolio, and 187 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

ARTISAN PARTNERS LIMITED PARTNERSHIP added 1,512,812 shares (+271.6%) to their portfolio in Q4 2024, for an estimated $139,556,907
NEWPORT TRUST COMPANY, LLC removed 1,355,422 shares (-2.5%) from their portfolio in Q4 2024, for an estimated $125,037,679
T. ROWE PRICE INVESTMENT MANAGEMENT, INC. removed 976,578 shares (-34.5%) from their portfolio in Q4 2024, for an estimated $90,089,320
HENNESSY ADVISORS INC removed 590,600 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $54,482,850
UBS GROUP AG added 479,654 shares (+98.7%) to their portfolio in Q4 2024, for an estimated $44,248,081
ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC removed 348,883 shares (-31.1%) from their portfolio in Q4 2024, for an estimated $32,184,456
MACKENZIE FINANCIAL CORP removed 320,319 shares (-31.2%) from their portfolio in Q4 2024, for an estimated $29,549,427

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Full Release

CHANTILLY, Va., March 11, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that it has been recognized by Ethisphere, a global leader in defining and advancing the standards of ethical business practices, as one of the 2025 World’s Most Ethical Companies. This marks the sixteenth consecutive year that Parsons has been honored with this recognition.

In 2025, 136 honorees were recognized spanning 19 countries and 44 industries. The company is one of only three honorees in the Engineering Services category.

“Being named one of the World’s Most Ethical Companies for 16 consecutive years exemplifies the value we place on ethics, integrity, and core values in driving our culture of performance,” said Carey Smith, chair, president, and chief executive officer of Parsons. “The principles that mark this distinction are integral to how we have operated during our 81-year history. These values will continue to serve as the foundation of our growth in the national security and critical infrastructure sectors as we deliver for our customers, employees, and shareholders.”

The heart of Parsons’ ethics program is employee engagement combined with transparency set forth at the executive and management leadership levels which serves as the ethos of the company’s business. Parsons long-standing commitment to integrity also sets the standard and expectation for suppliers and vendors.

“Our employees’ commitment to core values and integrity is the primary reason that we have been recognized consistently by Ethisphere,” said Mike Kolloway, chief legal officer of Parsons. “Our global community continues to enhance our ethics program, allowing us to serve our customers’ missions with the highest level of ethical business practices.”

Read more about how Parsons' core value of integrity informs the company’s business practices at https://www.parsons.com/care/governance/ .

Methodology & Scoring
The World's Most Ethical Companies assessment is grounded in Ethisphere's proprietary Ethics Quotient®, which requires companies to provide 240+ different proof points on practices that support robust ethics and compliance; governance; a culture of ethics; environmental and social impact; and initiatives that support a strong value chain. That data undergoes further qualitative analysis by their panel of experts who spend thousands of hours vetting and evaluating each year's group of applicants. This process serves as an operating framework to capture and codify best-in-class ethics and compliance practices from organizations across industries and from around the world.

Honorees
To view the full list of this year’s honorees, please visit the World’s Most Ethical Companies website, at https://worldsmostethicalcompanies.com/honorees .

About Parsons
Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and intelligence, space and missile defense, transportation, environmental remediation, urban development, and critical infrastructure protection. Please visit Parsons.com and follow us on LinkedIn and Facebook to learn how we're making an impact.

About Ethisphere
Ethisphere is the global leader in defining and advancing the standards of ethical business practices that strengthen corporate brands, build trust in the marketplace, and deliver business success. Companies turn ethics, compliance, and culture into a business advantage by leveraging Ethisphere’s data-driven program and culture assessments featuring the latest guidance and the practices of hundreds of global organizations across the 8 pillars of an ethical culture, and 240+ ethics, compliance, social, and governance data points delivered through a proprietary software platform. Ethisphere also honors superior integrity programs through World’s Most Ethical Companies® recognition, brings together a community of industry experts with the Business Ethics Leadership Alliance (BELA), and advances ethical business practices through the Global Ethics Summit, Ethisphere Magazine and the Ethicast podcast. For more information, visit https://ethisphere.com .

Media Contact:
Bryce McDevitt
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Investor Relations Contact:
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