Parker Hannifin Sustainability Profile
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 35 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Parker Hannifin's reported carbon emissions
In 2023, Parker Hannifin Corporation reported total carbon emissions of approximately 127,000,000 kg CO2e for Scope 1 and about 528,000 kg CO2e for Scope 2, resulting in a combined total of approximately 617,000,000 kg CO2e for both scopes. This marks a notable increase from 2022, where emissions were approximately 117,000,000 kg CO2e for Scope 1 and about 543,000 kg CO2e for Scope 2, leading to a total of around 660,000,000 kg CO2e. Parker Hannifin 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, the company has committed to achieving carbon neutrality by 2040. These targets are aligned with the Science Based Targets initiative (SBTi), which has validated their near-term goals of reducing absolute Scope 1 and Scope 2 greenhouse gas emissions by 46.2% by FY2030 from the same baseline year. Parker Hannifin's emissions data is not cascaded from any parent company, indicating that the reported figures and commitments are solely from the corporation itself. The company is actively working towards its sustainability goals, reflecting a commitment to reducing its environmental impact in the electrical equipment and machinery sector.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 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 |
| Scope 3 | - | - | - | - | - |
How Carbon Intensive is Parker Hannifin's Industry?
How Carbon Intensive is Parker Hannifin's Location?
Parker Hannifin's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Parker Hannifin has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Frequently Asked Questions
Common questions about Parker Hannifin's sustainability data and climate commitments