Parsons Corp

Common Name
Parsons
Country
United States
Sector
Technology
Industry
Information Technology Services
Employees
20,000
Ticker
PSN
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Parsons Corporation is a prominent player in the engineering and construction services sector. It provides solutions across various market segments, including defense, intelligence, security, and infr...

Parsons's GHG Emissions Data Preview

In 2023, Parsons completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy), and Scope 3 (indirect emissions across the value chain).

Parsons has also provided a category-level breakdown for 4 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Parsons's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Parsons amounted to 20,178 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Parsons increased by 7.78%, suggesting that the company faced challenges in reducing its emissions from its core operations.

Parsons's Scope 1 Emissions Over Time

2019202020212022202302.5 k5 k7.5 k10 ktCO2e-16%-6%+12%+13%
  • Total Scope 1
  • Year-over-Year Change

What are Parsons's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Parsons were 8,838 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Parsons reduced its Scope 1 emissions over time?

Since 2019, Parsons's Scope 1 emissions have remained relatively, stable, indicating that Parsons's emissions have plateaued with no significant change in its operational footprint.

Compared to the previous year (2022), Parsons's Scope 1 emissions increased by 13.47%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.

What are Parsons's Scope 2 emissions?

In 2023, Parsons reported Scope 2 greenhouse gas (GHG) emissions of 3,479 tCOâ‚‚e using the market-based method, and 11,340 tCOâ‚‚e using the location-based method.

Has Parsons reduced its Scope 2 emissions over time?

Since 2019, Parsons's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 25.59%, reflecting a declining long-term trend in Scope 2 emissions over time.

Compared to the previous year (2022), Parsons's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Parsons 's emissions have plateaued with no significant change in its energy consumption footprint.

What methodology does Parsons use for Scope 2 reporting?

In 2023, Parsons reported its Scope 2 emissions using the market-based method and using the location-based method.

Parsons's Scope 2 Emissions Over Time

2019202020212022202304 k8 k12 k16 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Parsons's Value Chain Emissions

In 2023, Parsons reported 732,463 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2023 disclosure of Parsons includes a breakdown across 4 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.

Parsons's Scope 3 Emissions Over Time

201920202021202220230200 k400 k600 k800 ktCO2e-10%-19%-4%+157%
  • Total Scope 3
  • Year-over-Year Change

What are Parsons's Scope 3 emissions?

In 2023, Parsons reported total Scope 3 emissions of 732,463 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.

Has Parsons reduced its Scope 3 emissions over time?

Since 2019, Parsons's Scope 3 emissions have increased by 78.65%, reflecting a rising long-term trend in Scope 3 emissions over time.

Compared to the previous year (2022), Parsons's Scope 3 emissions increased by 157.07%, suggesting that the company faced challenges in reducing emissions across its value chain.

What categories of Scope 3 emissions does Parsons disclose?

In 2023, Parsons reported emissions for 4 out of the 15 Scope 3 categories defined by the GHG Protocol.

The limited disclosure restricts visibility into specific emission sources across the company's value chain.

What are the main sources of Parsons's Scope 3 emissions?

In 2023, the largest contributors to Parsons's Scope 3 emissions were:

  • Purchased Goods and Services (Cat. 1): 673,910 tCOâ‚‚e (92.01%)
  • Employee Commuting (Cat. 7): 29,852 tCOâ‚‚e (4.08%)
  • Business Travel (Cat. 6): 24,045 tCOâ‚‚e (3.28%)

Parsons's Scope 3 Emissions by Categories

Business Travel(Cat. 6)(3.3%)Purchased Goods andServices (Cat. 1)(92.0%)Employee Commuting(Cat. 7)(4.1%)

Insights into Parsons's Total Carbon Footprint

In 2023, Parsons reported a total carbon footprint of 752,641 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 147.87% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.

The largest contributor to Parsons's total carbon footprint was Scope 3 emissions, accounting for 97.32% of the company's total carbon footprint, followed by Scope 2 emissions at 1.51%.