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 65% 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 Corporation 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 its 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 by 2040. Parker Hannifin's near-term targets, aligned with the Science Based Targets initiative (SBTi), include a commitment to reduce absolute Scope 1 and Scope 2 greenhouse gas emissions by 46.2% by FY2030 from the same 2019 baseline. The company also plans for 76% of its suppliers, covering purchased goods and services, to have science-based targets by FY2030. Over the past few years, Parker Hannifin's emissions have shown fluctuations, with Scope 1 emissions recorded at 136,000,000 kg CO2e in 2021 and 138,000,000 kg CO2e in 2020, while Scope 2 emissions were approximately 533,000,000 kg CO2e in 2021 and 550,000,000 kg CO2e in 2020. The company is actively working towards its climate commitments, demonstrating a proactive approach to sustainability in the electrical equipment and machinery sector.
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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 | - | - | - | - | - |
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 participating in some 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.
