03-07-2016

Parsons Named as a World’s Most Ethical Company by Ethisphere Institute for Seventh Year in a Row

PASADENA, CA (March 7, 2016) – Parsons is pleased to announce that it has been named by the Ethisphere Institute—a global leader in defining and advancing the standards of ethical business practices—as a 2016 World’s Most Ethical Company®. This designation recognizes the corporation for its commitment to leading ethical business standards and practices.

“This year marks the 10th anniversary of Ethisphere and the World’s Most Ethical Companies designation, and we are delighted to have been recognized for a 7th consecutive year,” said Chuck Harrington, Parsons’ Chairman and CEO. “Our employees work tirelessly to make trust part of our corporate DNA, and this designation is a testament to their efforts.”

Parsons communicates its commitment to integrity to all levels of the company through its Code of Conduct and through various training methods, including live training, videos, easily accessed online documentation, as well as periodic ethics “challenges” or quizzes to keep ethics in the forefront of its daily activities.

“Companies rely on Ethisphere to continually raise and measure the standards of corporate behavior. Those that demonstrate leadership in areas like citizenship, integrity, and transparency create more value for their investors, communities, customers, and employees, thus solidifying a sustainable business advantage,” explained Ethisphere’s Chief Executive Officer, Timothy Erblich. “Congratulations to everyone at Parsons for being recognized as a World’s Most Ethical Company.”

The World’s Most Ethical Company assessment is based upon the Ethisphere Institute’s Ethics Quotient™ (EQ) framework. This framework has been developed over years of research and vetted and refined by the expert advice from Ethisphere’s World’s Most Ethical Company Methodology Advisory Panel. The EQ offers a quantitative way to assess a company’s performance in an objective, consistent, and standardized way. The information collected provides a comprehensive sampling of definitive criteria of core competencies, rather than all aspects of corporate governance, risk, sustainability, compliance, and ethics. Scores are generated in five key categories—ethics and compliance program (35%); corporate citizenship and responsibility (20%); culture of ethics (20%); governance (15%); and leadership, innovation, and reputation (10%)—and provided to all companies who participate in the process.

For more information about the methodology for the World’s Most Ethical Company ranking and to view the complete list of the 2016 World’s Most Ethical Companies, visit http://ethisphere.com.

Parsons (NYSE: PSN) is a leading disruptive technology provider in the global defense, intelligence, and critical infrastructure markets, with capabilities across cybersecurity, missile defense, space, connected infrastructure, and smart cities. Please visit Parsons.com, and follow us on LinkedIn and Facebook to learn how we’re making an impact.

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