S&P Dow Jones and MSCI Change Parsons’ GICS Code to Research and Consulting Services
December 04 2023 - 7:30AM
Parsons Corporation (NYSE: PSN) announced today that S&P Dow
Jones Indices (a division of S&P Global) and MSCI recently
changed the company’s Global Industry Classifications Standard
(GICS®) Code to Research and Consulting Services acknowledging the
company’s status as a leading professional services provider.
This change is an important step in Parsons’
commitment to environmental, social, and governance (ESG), enabling
the company to maintain the highest standards of performance,
accuracy, and transparency while achieving its climate goals. ESG
is central to the company’s business and culture, underpinning
Parsons’ core values, mission, and operations.
“This is important recognition for Parsons as a
whole, above and beyond impacts to our ESG targets and
initiatives,” said Mark Van Andel, vice president of ESG for
Parsons. “This will help align our stakeholders on material goals
and move our Cultivating A Responsible Enterprise strategy forward,
which is at the heart of our company’s core values and a primary
driver of why we deliver innovative, sustainable solutions that
deliver a better world. This milestone strengthens our mission as
we continue to uphold our reputation as a company that truly does
good work while providing value to our customers, shareholders, and
the communities where we live, work, and play.”
In 1999, S&P Dow Jones Indices and MSCI created
GICS® to establish a global standard for classifying companies into
industries and sectors. These two global index providers developed
GICS in response to the global financial community’s necessity for
a single comprehensive set of global sector and industry
definitions.
Since the company’s IPO in 2019, Parsons has
experienced significant organic growth as well as growth through
M&A, broadening the company’s service offerings across its
Critical Infrastructure and Federal Solutions segments.
Read more about Parsons’ commitment to ESG at
https://www.parsons.com/care/.
About ParsonsParsons (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.
Media Contact:Anne
Morris +1
703.402.0250Anne.Morris@Parsons.com
Investor Relations Contact:Dave Spille+ 1
703.775.6191Dave.Spille@Parsons.com
Parsons (NYSE:PSN)
Historical Stock Chart
From Apr 2024 to May 2024
Parsons (NYSE:PSN)
Historical Stock Chart
From May 2023 to May 2024