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 54 is higher than 75% 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 2024, Parker Hannifin Corporation reported total carbon emissions of approximately 34,424,000 kg CO2e for Scope 1 and about 29,567,000 kg CO2e for Scope 2, resulting in a combined total of approximately 63,991,000 kg CO2e for both scopes. Additionally, the company disclosed significant Scope 3 emissions, with approximately 800,000,000 kg CO2e attributed to purchased goods and services. Parker Hannifin has set ambitious reduction targets, committing to a 50% reduction in Scope 1 and Scope 2 emissions by 2030, using a fiscal year 2019 baseline. This commitment aligns with their goal of achieving carbon neutrality by 2040. Furthermore, the company has pledged to reduce absolute Scope 1 GHG emissions by 46.2% and Scope 2 GHG emissions by the same percentage by FY2030, also based on the FY2019 levels. These targets are part of Parker Hannifin's broader climate strategy, which includes ensuring that 76% of its suppliers, covering emissions from purchased goods and services, will have science-based targets by FY2030. The company’s initiatives reflect a commitment to industry-standard climate action, aiming to mitigate its environmental impact while enhancing sustainability across its operations.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 134,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 670,000,000 | - | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | 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" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
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.
Frequently Asked Questions
Common questions about Parker Hannifin's sustainability data and climate commitments