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 47 is higher than 71% 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 617,000 kg CO2e, comprising 127,000 kg CO2e from Scope 1 and 528,000 kg CO2e from Scope 2 emissions. This data reflects a commitment to transparency in their climate impact, with a focus on reducing greenhouse gas emissions across their operations. Parker Hannifin has set ambitious targets to achieve 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. These targets are aligned with the Science Based Targets initiative (SBTi), which has validated their commitment to reduce absolute Scope 1 and 2 GHG emissions by 46.2% by FY2030. In terms of Scope 3 emissions, while specific data for 2023 is not disclosed, Parker Hannifin has set a target to reduce upstream Scope 3 emissions by 15% by 2030 and 25% by 2040, focusing on categories such as purchased goods and services, and upstream transportation and distribution. Parker Hannifin's climate commitments reflect a proactive approach to sustainability, aiming to mitigate their environmental impact while enhancing operational efficiency. The company continues to monitor and report on its emissions, demonstrating accountability and a commitment to long-term climate goals.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 173,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000 |
| Scope 2 | 658,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000 |
| Scope 3 | - | - | - | 0,000,000,000 | - |
How Carbon Intensive is Parker Hannifin's Industry?
How Carbon Intensive is Parker Hannifin's Location?
Parker Hannifin's Scope 3 Categories Breakdown
The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 82% of Scope 3 emissions.
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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.
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Frequently Asked Questions
Common questions about Parker Hannifin's sustainability data and climate commitments