Parker Hannifin

Parker Hannifin's reported carbon emissions

Parker Hannifin, a US-based fabricated metal products company, reported approximately 4.17 trillion kg CO2e in total emissions for the 2024 reporting year. This includes approximately 128.86 billion kg CO2e from Scope 1, 395.10 billion kg CO2e from Scope 2 (market-based), and a substantial 3.74 trillion kg CO2e from Scope 3 emissions. The majority of its Scope 3 emissions stem from purchased goods and services, totalling approximately 3.59 trillion kg CO2e, with upstream transportation and distribution accounting for about 103.05 billion kg CO2e. For the 2023 reporting year, Parker Hannifin disclosed approximately 127 million kg CO2e in Scope 1 emissions and 617 million kg CO2e for combined Scope 1 and 2 (market-based) emissions. In 2022, Scope 1 emissions were approximately 117 million kg CO2e, and combined Scope 1 and 2 emissions were about 660 million kg CO2e. The company reported approximately 136 million kg CO2e for Scope 1 and 669 million kg CO2e for combined Scope 1 and 2 emissions in 2021. In 2020, Scope 1 emissions were around 138 million kg CO2e, and combined Scope 1 and 2 emissions were approximately 688 million kg CO2e. For 2019, Scope 1 emissions stood at about 134 million kg CO2e, with combined Scope 1 and 2 emissions at approximately 804 million kg CO2e. Parker Hannifin has set ambitious climate commitments. They aim for a 50% reduction in Scope 1 and Scope 2 carbon emissions by 2030, using a 2019 baseline, and aspire to achieve carbon neutrality by 2040. The company is also working towards a 15% reduction in Scope 3 emissions (Categories 1, 2, and 4) by 2030, with a long-term goal of a 25% reduction by 2040, also from a 2019 baseline. Furthermore, Parker Hannifin has committed through SBTi to reduce absolute Scope 1 and Scope 2 GHG emissions by 46.2% by FY2030 from a FY2019 base year, aligning with a 1.5°C warming scenario. They also aim to have 76% of their suppliers by emissions covering purchased goods and services adopt science-based targets by FY2030. The company is implementing energy efficiency assessments, lean kaizen events, and on-site renewable power systems as part of its strategy.