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 35 is higher than 97% 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 127,000,000 kg CO2e for Scope 1 and about 528,000,000 kg CO2e for Scope 2. This reflects a commitment to reducing their carbon footprint, with a target of achieving a 50% reduction in Scope 1 and Scope 2 emissions by 2030, using a fiscal year 2019 baseline. Additionally, the company aims for carbon neutrality across all scopes by 2040. In 2022, Parker Hannifin's emissions were approximately 117,000,000 kg CO2e for Scope 1 and about 543,000,000 kg CO2e for Scope 2, indicating a slight increase in Scope 2 emissions compared to the previous year. The company has consistently disclosed emissions data for Scope 1 and Scope 2, while Scope 3 emissions data has not been reported. Parker Hannifin's long-term climate strategy includes significant reduction initiatives, with a clear focus on sustainability and environmental responsibility within the electrical equipment and machinery sector. Their commitment to reducing emissions aligns with industry standards and reflects a proactive approach to addressing climate change.
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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 | - | 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.
