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Parker Hannifin Corporation, commonly referred to as Parker, is a leading player in the fabricated metal products industry, specifically focusing on sectors outside machinery and equipment. Headquartered in the United States, Parker operates extensively across North America, Europe, and Asia, providing innovative solutions since its founding in 1918.
With a diverse portfolio that includes motion and control technologies, Parker is renowned for its high-quality hydraulic, pneumatic, and electromechanical systems. The company’s commitment to engineering excellence and customer-centric solutions has solidified its position as a market leader. Notable achievements include numerous industry awards and a strong reputation for reliability and performance, making Parker a trusted partner in various applications, from aerospace to industrial automation.
50
DitchCarbon score
+33 vs industry average
Parker Hannifin’s score of 50 is higher than 70% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Very High
Metal Fabrication is among the most carbon-intensive industries
Industry performance
0.523
20182025
The Metal Fabrication industry has reduced its overall emissions by 40% since 2018
Emissions trajectory 2020 – 2027
20202021202220232024202520262027
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Parker Hannifin's reported carbon emissions
Parker Hannifin, a US-based fabricated metal products manufacturer, reported its total Scope 1, 2, and 3 carbon emissions for 2024.
In 2024, Parker Hannifin's global Scope 1 emissions were 129,000,000 kg CO2e. Scope 2 market-based emissions were 395,000,000 kg CO2e. For Scope 3, categories such as purchased goods and services contributed 3,595,000,000 kg CO2e, capital goods 43,000,000 kg CO2e, and upstream transportation and distribution 103,000,000 kg CO2e.
Looking back, in 2023, the company's Scope 1 emissions were 146,000,000 kg CO2e and Scope 2 market-based emissions were 535,000,000 kg CO2e. Their Scope 3 emissions included 3,310,000,000 kg CO2e from purchased goods and services, 33,000,000 kg CO2e from capital goods, and 92,000,000 kg CO2e from upstream transportation and distribution. In 2022, Scope 1 emissions were 129,000,000 kg CO2e, Scope 2 market-based emissions were 552,000,000 kg CO2e, and Scope 3 included 3,111,000,000 kg CO2e from purchased goods and services, 33,000,000 kg CO2e from capital goods, and 81,000,000 kg CO2e from upstream transportation and distribution.
Parker Hannifin has set several climate commitments. The company aims for a 50% absolute reduction in Scope 1 and Scope 2 carbon emissions by 2030, using a 2019 baseline. Furthermore, they are targeting carbon neutrality by 2040 for all scopes. For Scope 3 upstream categories (1, 2, & 4), Parker Hannifin is committed to a 15% reduction by 2030 and a 25% reduction by 2040, both from a 2019 baseline.
The Science Based Targets initiative (SBTi) has recognised Parker Hannifin Corporation's near-term targets. They have committed to reducing absolute Scope 1 and Scope 2 greenhouse gas emissions by 46.2% by fiscal year 2030, from a fiscal year 2019 base year. Additionally, Parker Hannifin Corporation aims for 76% of its suppliers by emissions covering purchased goods and services to have science-based targets by fiscal year 2030. These targets for company operations (Scopes 1 and 2) are consistent with the reductions required to limit global warming to 1.5°C.
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Parker Hannifin’s Climate Goals (2030 & 2050)
2 goals2030
46.2% reduction in Scope 2
Parker Hannifin Corporation commits to reduce absolute scope 1 and 2 GHG emissions 46.2% by FY2030 from a FY2019 base year.
On track46.2%
2030
46.2% reduction in Scope 1
Parker Hannifin Corporation commits to reduce absolute scope 1 and 2 GHG emissions 46.2% by FY2030 from a FY2019 base year.
Behind target46.2%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
3 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
FY2030 targetSee details
Active
Carbon Disclosure Project
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Active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Parker Hannifin30 days ago
50
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Frequently asked questions
Common questions about Parker Hannifin’s sustainability data and climate commitments
In 2024, Parker Hannifin reported global Scope 1 and 2 emissions totaling approximately 524 million kg CO2e. This figure shows a reduction from 2023, when combined Scope 1 and 2 emissions were around 681 million kg CO2e, and from 2022, which recorded approximately 681 million kg CO2e. The company's Scope 3 emissions, primarily from purchased goods and services, were about 3.6 billion kg CO2e in 2024, highlighting the significant contribution of its value chain to its overall carbon footprint. These figures provide a clear view of Parker Hannifin's environmental performance in the fabricated metal products sector.
Data year: 2024
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