As of 2024, Parker-Hannifin has disclosed 3 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 3 absolute reduction targets, signaling the company's commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Parker-Hannifin's climate strategy, ambition level, and alignment with global decarbonization goals.
| Target Type | Scope of Target | Unit | Target | Target Year |
|---|---|---|---|---|
Absolute-based Target | Scope 3 - Purchased Goods and Services (Cat. 1), Scope 3 - Capital Goods (Cat. 2), Scope 3 - Upstream Transportation and Distribution (Cat. 4) | Metric Tonnes of CO2 equivalent (mtCO2e) | -15%a, b | 2030 |
Absolute-based Target | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | -50%a | 2030 |
Absolute-based Target | Scope 3 - Purchased Goods and Services (Cat. 1), Scope 3 - Capital Goods (Cat. 2), Scope 3 - Upstream Transportation and Distribution (Cat. 4) | Metric Tonnes of CO2 equivalent (mtCO2e) | -25%a, b | 2040 |
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As of 2024, Parker-Hannifin has set greenhouse gas (GHG) emissions reduction targets that cover both its operational emissions (Scope 1 and 2) and value chain emissions (Scope 3), offering a comprehensive view of its total carbon footprint.ab
As of 2024, Parker-Hannifin has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources.a
Parker-Hannifin's most ambitious operational target is to reduce these emissions by 50% by 2030, compared to a baseline of 804,000 Metric Tonnes of CO2 equivalent (mtCO2e) in 2019.a
As of 2023, Parker-Hannifin is ahead of schedule on its operational emissions reduction target, having achieved 46.52% of the planned reduction.a
As of 2024, Parker-Hannifin has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 3 out of the 15 Scope 3 categories defined by the GHG Protocol.ab
Parker-Hannifin's most ambitious value chain target is to reduce these emissions by 25% by 2040, compared to a baseline of 5,872,818 Metric Tonnes of CO2 equivalent (mtCO2e) in 2019.ab
As of 2022, Parker-Hannifin is ahead of schedule on its value chain emissions reduction target, having achieved 23.92% of the planned reduction.ab