EcoVadis Sustainability Rating
Parsec has been awarded the EcoVadis Gold Medal, recognizing our sustainability performance among the top 5% of companies assessed globally by EcoVadis.
Abstract
At Parsec, sustainability is embedded in the way we operate, lead, and grow. We are committed to maintaining a safe, fair, and inclusive workplace while upholding the highest standards of ethical conduct, environmental stewardship, and responsible governance. Our approach integrates people, planet, and integrity to ensure that our operations create long-term value for our employees, clients, partners, and communities.
We prioritize the wellbeing and development of our employees through strong health and safety programs, equitable working conditions, and ongoing learning opportunities. Our environmental initiatives focus on reducing energy consumption, managing waste responsibly, and promoting sustainable practices across all operations. Through rigorous ethical standards, responsible information management, and sustainable procurement, we strengthen trust and accountability throughout our value chain.
Parsec is proud to be ISO 27001 certified for information security management and ISO 9001 certified for quality management, reflecting our commitment to continuous improvement, transparency, and operational excellence in everything we do. In alignment with our commitment to the Science Based Targets initiative (SBTi), Parsec is actively working to set measurable emissions reduction targets consistent with climate science. Additionally, through our annual CDP disclosures, we maintain transparency and accountability in tracking and reporting our environmental performance.
Report Highlights
Environment
- Scope 1 Emissions: 15.91 tCO2e
- Scope 2 Emissions: 45.28 tCO2e
- kWh of Electricity Purchased: 189,533.27
- GJ of Natural Gas Consumed: 311.33
Labor & Human Rights
- Days Lost to Injury: 0
- Training Hours per Employee: 3.16
- Women in Workforce: 23%
- Minority/Vulnerable Groups in Workforce: 34%
Business Ethics
- Reported Incidents of Corruption: 0
- IT Data Security Incidents: 0
Sustainable Procurement
- Top 15 Suppliers with Environmental Strategy: 40%
- Top 15 Suppliers with Social Strategy: 73.3%
Labor & Human Rights
Parsec is committed to maintaining a safe, fair, and inclusive workplace where all employees are treated with respect and provided opportunities to grow.
We prioritize health and safety, equitable working conditions, and access to training and development. Our programs and policies, including fair wages, comprehensive benefits, anti-discrimination training, and internal mobility, reflect our dedication to employee wellbeing and human rights across all aspects of our operations.
Health and Safety
- Emergency Action Plan: Our building maintains a comprehensive Emergency Response Plan to ensure preparedness and protect the safety and wellbeing of employees in the event of an emergency.
- Training: Employees receive regular training on health and safety risks, safe work practices, and fostering a respectful, violence-free workplace.
- Employee Assistance Program: Our Employee Assistance Program (EAP) offers confidential counseling, expert guidance, and resources to help employees manage stress, improve wellbeing, and navigate personal and professional challenges.
- Ergonomics: We provide employees with information and guidance on proper ergonomics to promote comfort, prevent strain, and reduce the risk of workplace injury.
Working Conditions
- Working Hours & Overtime: We use the Ruddr Time Tracking platform to manage working hours and monitor overtime to support work–life balance. When overtime occurs, employees are compensated fairly and in accordance with local labor laws.
- Family-friendly Programs: We provide paid sick leave, bereavement leave, and other forms of personal leave to ensure employees can attend to personal and family matters while maintaining job security.
- Health Care Coverage: All employees are offered access to comprehensive health care benefits, with Parsec covering the full cost of employee premiums.
- Fair Wages: Through our Compensation Philosophy, we regularly review and benchmark wages to ensure employees are compensated fairly and equitably for their work.
Career Management
- Skills Training: Through Parsec Academy, employees have access to a wide range of courses to enhance their skills and support ongoing professional development. Additional training materials are also available through our Paylocity HR system.
- Performance Reviews: All employees participate in annual performance reviews to discuss progress, set goals, and identify opportunities for growth and development.
- Internal Mobility: We are committed to supporting career growth by prioritizing internal hiring and creating pathways for employees to advance within the organization.
- People Leader Series: Our People Leader Series is designed to strengthen leadership capabilities and equip managers with the tools to effectively support and guide their teams.
Equity & Inclusion
- Employee Training: Employees receive training on anti-discrimination and anti-harassment to foster a safe, respectful, and inclusive workplace for all.
- Anti-Discrimination: We actively promote inclusion by ensuring employees with disabilities have access to the tools and resources they need to succeed. Our recruitment practices and job postings are designed to be inclusive and accessible to all qualified candidates.
- Reporting: A Whistleblower, Grievance, and Remediation process is in place to ensure that concerns can be reported confidentially and addressed promptly and fairly.
Labor & Human Rights Reporting
Environmental Responsibility
Parsec is committed to reducing its environmental impact through energy-efficient practices, responsible resource use, and waste reduction. Employees are engaged through training on energy conservation, climate action, and recycling, helping them contribute to sustainability goals both at work.
Energy and GHG Consumption
- Training: Employees receive training on energy conservation and climate action and steps they can take at work and at home to contribute to Parsec’s sustainability goals.
- Carbon Audit: We completed our first greenhouse gas (GHG) inventory to establish a baseline of our Scope 1 and Scope 2 emissions and set targets for future reductions.
- Cloud Services: Our computing resources are managed through Microsoft Azure, which provides energy-efficient infrastructure and reduces the need for on-site hardware.
- Server Room: A compact air-conditioning system maintains a stable temperature, preventing overcapacity and unnecessary energy use. Regular internal checks ensure equipment is properly maintained and operates efficiently.
- IT Infrastructure: Employee computers are set to automatically sleep and shut down when not in use. Laptops are reclaimed and refurbished for use by other employees to extend their lifecycle.
- Parsec Facilities: All lighting is controlled by timers and motion sensors, and HVAC systems are programmed to avoid running overnight. Our U.S. office is ENERGY STAR® certified, reflecting our commitment to energy efficiency.
Waste Management
- Waste Sorting: Clearly labeled bins are placed in common areas for paper, recycling, and landfill waste. Employee Awareness: Staff receive Sustainability 101 training, which includes guidance on proper waste sorting and reduction.
- Paper Reduction: Parsec operates almost entirely digitally, minimizing printing and paper use across the office.
- E-waste & Battery Recycling: Old laptops, batteries, and electronics are collected separately and sent to certified recyclers.
- Reusable Habits: Employees use real mugs, dishes, and containers instead of single-use items, and packaging is reused whenever possible. People are also encouraged to “bring your garbage home” to minimize waste.
Business Ethics
Parsec is committed to conducting business with integrity and accountability. Our ethical framework promotes transparency, prevents corruption, and safeguards information across all operations. Through regular employee training, clear reporting channels, and strict compliance policies, we ensure responsible practices in both anti-corruption, and information management. These efforts strengthen stakeholder trust and support our commitment to ethical and sustainable business conduct.
Anti-Corruption
- Employee Training: All employees receive regular training on anti-corruption and anti-bribery practices to ensure they understand their responsibilities and can identify, prevent, and report unethical behavior. Reporting
- Mechanisms: Parsec maintains a confidential whistleblower system that allows both internal and external stakeholders to safely report any suspected cases of corruption, bribery, or unethical conduct without fear of retaliation.
- Sensitive Transactions: A dedicated policy ensures that all sensitive transactions are managed with due diligence, transparency, and authorization, in line with ethical and compliance standards.
Responsible Information Management
- Training: All employees receive information security awareness training during onboarding and on an annual basis to strengthen understanding of data protection practices and prevent potential security breaches.
- Third-Party Due Diligence: Parsec maintains an information security due diligence program for third parties, including a supplier self-assessment process to ensure vendors meet our security and privacy standards.
- Risk Assessment: Annual information security risk assessments are conducted in alignment with ISO 27001 requirements to identify vulnerabilities, evaluate risks, and implement appropriate controls. Reporting: A confidential whistleblower procedure is available for both internal and external stakeholders to report any information security concerns or suspected breaches safely and without retaliation.
- Audits: Internal and external audits are conducted as part of our ISO 27001 framework to evaluate the effectiveness of information security controls and ensure continuous improvement.
- Records Retention: Parsec follows a structured records retention schedule to ensure data is managed, stored, and disposed of responsibly in accordance with legal, regulatory, and operational requirements.
Sustainable Procurement
At Parsec, we recognize that responsible sourcing is essential to achieving our sustainability goals. Our procurement practices are designed to promote ethical behavior, reduce environmental impacts, and support positive social outcomes across our supply chain. By working closely with suppliers, assessing risks, and building capacity through training and clear standards, we aim to create long-term value and foster a more sustainable and resilient supply network.
- Supplier Code of Conduct: Parsec has implemented a Supplier Sustainability Code of Conduct that outlines our expectations for ethical, environmental, and social performance across our supply chain.
- Risk Assessment: We conduct risk assessments of our top fifteen suppliers by spend to evaluate their environmental and social practices and to identify opportunities for improvement and collaboration.
- Buyer Training: Our procurement teams receive training on key social and environmental topics to support responsible sourcing and informed decision-making throughout the supply chain.
- Sustainable IT Purchasing: Parsec selects cloud hosting and technology partners with strong sustainability credentials. For example, we use Microsoft Azure because it operates with energy-efficient infrastructure, renewable energy, and built-in carbon tracking tools that help reduce IT-related emissions.
Appendix A
United Nations Sustainable Development Goals (UN SDGS)
The Sustainable Development Goals (SDGs), also known as Global Goals, are a set of 17 integrated and interrelated goals to end poverty, protect the planet and ensure that humanity enjoys peace and prosperity by 2030.
Please see Parsec’s alignment and progress towards 4 of the 17 UN SDGs in the table below.
Appendix B
Sustainable Accounting Standards Board (SASB): Professional & Commercial Services
Methodology
This report was put together by ThisRock Inc., an expert in ESG and Sustainability. The following credentials support their recognition as a third party:
- FSA Credential from the IFRS: The FSA Credential from the IFRS shows a deep understanding of sustainability's financial impacts and the ability to assess and disclose these.
- Sustainability Leadership Certification: This certification highlights advanced knowledge and leadership in sustainability practices.
- Approved EcoVadis Training Partner
