Parker Hannifin

Parker Hannifin, a US-based company in the fabricated metal products sector, has set ambitious climate targets. For the reporting year 2024, the company reported total global emissions of approximately 4.28 trillion kg CO2e, encompassing Scope 1, 2, and 3. Specifically, Scope 3 emissions accounted for about 3.74 trillion kg CO2e, with purchased goods and services being the largest contributor. Scope 1 emissions were approximately 128.86 billion kg CO2e, and Scope 2 emissions were about 395.10 billion kg CO2e.

Parker Hannifin is committed to a 50% reduction in absolute Scope 1 and Scope 2 carbon emissions by 2030, using a 2019 baseline. Furthermore, the company aims for carbon neutrality by 2040. For Scope 3 emissions, Parker Hannifin has a near-term target to reduce emissions from categories 1, 2, and 4 by 15% by 2030, and a long-term target of a 25% reduction by 2040, both against a 2019 baseline. The company has also committed to having 76% of its suppliers, by emissions covering purchased goods and services, achieve science-based targets by 2030.

The latest disclosed emissions data prior to 2024 is for reporting year 2023, where Scope 1 emissions were approximately 127 million kg CO2e, and Scope 2 emissions were about 528 million kg CO2e. Scope 3 data was not fully disclosed for this year. Historical data shows Scope 1 and 2 emissions ranging from approximately 617 million kg CO2e in 2023 to 804 million kg CO2e in 2019.