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 41 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Parker Hannifin's reported carbon emissions
In 2023, Parker Hannifin reported total carbon emissions of approximately 127,000,000 kg CO2e for Scope 1 and about 528,000,000 kg CO2e for Scope 2. The company has set ambitious climate commitments, aiming for a 50% reduction in Scope 1 and Scope 2 emissions by 2030, using a 2019 baseline. Additionally, Parker Hannifin is targeting carbon neutrality by 2040. Over the past few years, Parker Hannifin's emissions have shown fluctuations. In 2022, the company emitted around 117,000,000 kg CO2e in Scope 1 and approximately 522,886,000 kg CO2e in Scope 2. In 2021, emissions were about 136,030,000 kg CO2e for Scope 1 and 532,799,000 kg CO2e for Scope 2. The 2020 figures were slightly higher, with Scope 1 emissions at approximately 138,320,000 kg CO2e and Scope 2 at about 549,637,000 kg CO2e. Parker Hannifin has disclosed emissions across all three scopes, with significant contributions from Scope 3, particularly in purchased goods and services, which accounted for approximately 4,368,000,000 kg CO2e in 2019. The company is committed to transparency and has outlined its reduction initiatives in its sustainability reports. Overall, Parker Hannifin's climate strategy reflects a proactive approach to reducing its carbon footprint and addressing climate change, aligning with industry standards and expectations.
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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 committed to any reduction initiatives 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.
