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Parker-Hannifin Corp
Parker-Hannifin's GHG Emissions Data Preview
In 2024, Parker-Hannifin completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Parker-Hannifin has also provided a category-level breakdown for 3 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data.  c | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
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aVerified Sources Behind Parker-Hannifin’s Greenhouse Gas (GHG) Emissions Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Parker-Hannifin’s data sources below and access millions more through our Disclosure Search.
Insights into Parker-Hannifin's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofParker-Hannifin amounted to573,436metric tons of CO2 equivalent.This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Parker-Hannifindecreased by 12.45%, showing that the company has made progress in taking action to reduce the climate impact of its operations.ab
Parker-Hannifin's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Parker-Hannifin's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Parker-Hannifin were 128,862 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has Parker-Hannifin reduced its Scope 1 emissions over time?
Since 2019, Parker-Hannifin's Scope 1 emissions have decreased by 3.83%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year(2023), Parker-Hannifin's Scope 1 emissions increased by 1.47%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.ab
What are Parker-Hannifin's Scope 2 emissions?
In 2024, Parker-Hannifin reported Scope 2 greenhouse gas (GHG) emissions of 395,102 tCOâ‚‚e using the market-based method and 444,574 tCOâ‚‚e using the location-based method.a
What methodology does Parker-Hannifin use for Scope 2 reporting?
In 2024, Parker-Hannifin reported its Scope 2 emissions using the market-based method and using the location-based method.a
Parker-Hannifin's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Parker-Hannifin's Value Chain Emissions
In 2024, Parker-Hannifin reported 3,740,831 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Parker-Hannifin includes a breakdown across 3of the 15 Scope 3 categories defined by the GHG Protocol,up from 0 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
Parker-Hannifin's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Parker-Hannifin's Scope 3 emissions?
In 2024, Parker-Hannifin reported total Scope 3 emissions of 3,740,831 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 100%of these emissions originated from upstream activities such as purchased goods and capital goods, while 0%came from downstream activities like product use, distribution, and end-of-life treatment.a
Has Parker-Hannifin reduced its Scope 3 emissions over time?
Since 2019, Parker-Hannifin's Scope 3 emissionshave decreased by 14.98%, reflecting a declining long-term trend in Scope 3 emissions over time.ac
What categories of Scope 3 emissions does Parker-Hannifin disclose?
In 2024, Parker-Hannifin reported emissions for 3 out of the 15 Scope 3 categories defined by the GHG Protocol.a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
What are the main sources of Parker-Hannifin's Scope 3 emissions?
In 2024, the largest contributors to Parker-Hannifin's Scope 3 emissions were:a
- Purchased Goods and Services (Cat. 1): 3,594,857 tCOâ‚‚e(96.1%)
- Upstream Transportation and Distribution (Cat. 4): 103,051 tCOâ‚‚e(2.75%)
- Capital Goods (Cat. 2): 42,923 tCOâ‚‚e(1.15%)
Parker-Hannifin's Scope 3 Emissions by Categories
Insights into Parker-Hannifin’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Parker-Hannifin reported Scope 1 greenhouse gas (GHG) emissions of 128,862 tCOâ‚‚e and total revenues of USD 19,929 millions. This translates into an emissions intensity of 6.47 tCOâ‚‚e per millions USD.a
Parker-Hannifin's Scope 1 Emissions Intensity Compared to Peers
How does Parker-Hannifin's GHG emissions intensity compare to its peers?
In 2024, Parker-Hannifin reported a Scope 1 emissions intensity of 6.47 tCOâ‚‚e per millions USD. Compared to the peer group median of 7.11, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
Where does Parker-Hannifin rank on GHG emissions intensity within its industry?
In 2024, Parker-Hannifin ranked 9 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
Parker-Hannifin is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
Insights into Parker-Hannifin's Total Carbon Footprint
In 2024, Parker-Hannifin reported a total carbon footprint of 4,314,267 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 558.67% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.ab
The largest contributor to Parker-Hannifin's total carbon footprint was Scope 3 emissions, accounting for 86.71% of the company's total carbon footprint, followed by Scope 2 emissions at 10.3%.a