Parker Hannifin

Parker Hannifin, a US-based fabricated metal products company, reported total Scope 1 and 2 emissions of approximately 524,000,000 kg CO2e in 2024. This includes about 129,000,000 kg CO2e from Scope 1 and 395,000,000 kg CO2e from Scope 2 (market-based). Additionally, Scope 3 emissions for 2024 were approximately 3,741,000,000 kg CO2e, comprising 43,000,000 kg CO2e from capital goods, 3,595,000,000 kg CO2e from purchased goods and services, and 103,000,000 kg CO2e from upstream transportation and distribution.

Looking back, in 2023, the company's Scope 1 emissions were around 146,000,000 kg CO2e, Scope 2 (market-based) emissions were approximately 535,000,000 kg CO2e, and Scope 3 emissions totalled about 3,435,000,000 kg CO2e. In 2022, Scope 1 emissions were approximately 129,000,000 kg CO2e, Scope 2 (market-based) emissions were about 552,000,000 kg CO2e, and Scope 3 emissions were approximately 3,225,000,000 kg CO2e.

Parker Hannifin has set ambitious climate commitments. The company aims for a 50% reduction in Scope 1 and Scope 2 carbon emissions by 2030, using a 2019 baseline. Furthermore, Parker Hannifin is committed to achieving carbon neutrality by 2040. The company also has targets to reduce absolute Scope 3 upstream emissions by 15% by 2030 and by 25% by 2040, both against a 2019 baseline, specifically addressing categories 1, 2, and 4 (purchased goods and services, capital goods, and upstream transportation and distribution).

Parker Hannifin Corporation has Science Based Targets initiative (SBTi) commitments to reduce absolute Scope 1 and 2 GHG emissions by 46.2% by FY2030 from a FY2019 base year. These targets are classified as consistent with reductions required to keep warming to 1.5°C. The company also commits that 76% of its suppliers, by emissions covering purchased goods and services, will have science-based targets by FY2030.