Parker Hannifin
Parker Hannifin Corporation, commonly referred to as Parker, is a leading global manufacturer headquartered in the United States, with significant operations across North America, Europe, and Asia. Founded in 1917, Parker has established itself as a key player in the motion and control technologies industry, providing innovative solutions across various sectors, including aerospace, industrial, and automotive. The company offers a diverse range of core products and services, including hydraulic systems, filtration solutions, and sealing technologies, all designed to enhance efficiency and reliability. Parker's commitment to quality and innovation has positioned it as a trusted partner for customers worldwide, earning numerous accolades for its engineering excellence and sustainability initiatives. With a rich history of milestones, Parker continues to drive advancements in technology, solidifying its status as a market leader in motion and control solutions.
DitchCarbon Score
How does Parker Hannifin's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Metal Fabrication industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Parker Hannifin's score of 43 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Parker Hannifin's reported carbon emissions
In 2023, Parker Hannifin reported total carbon emissions of approximately 655,000,000 kg CO2e, comprising 127,000,000 kg CO2e from Scope 1 and 528,000,000 kg CO2e from Scope 2 emissions. The company has set ambitious climate commitments, aiming for a 50% reduction in Scope 1 and Scope 2 emissions by 2030, using a fiscal year 2019 baseline. Additionally, Parker Hannifin is targeting carbon neutrality across all scopes by 2040. In previous years, emissions data shows a consistent trend, with 2021 emissions at about 669,000,000 kg CO2e (136,030,000 kg CO2e Scope 1 and 532,799,000 kg CO2e Scope 2) and 2022 emissions at approximately 660,000,000 kg CO2e (117,000,000 kg CO2e Scope 1 and 522,886,000 kg CO2e Scope 2). The company has not disclosed Scope 3 emissions for 2023, but in 2021, these were significant, with capital goods contributing 125,313,000 kg CO2e and purchased goods and services accounting for 3,783,620,000 kg CO2e. Parker Hannifin's commitment to reducing its carbon footprint aligns with industry standards and reflects a proactive approach to climate change mitigation.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 134,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 670,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 5,041,648,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Parker Hannifin is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
