Environmental goals all set out

Parker Hannifin’s new commitment: carbon neutral operations by 2040

In its 2020 Sustainability Report, Parker Hannifin has given a firm commitment to achieve carbon neutral operations by 2040. It has also established a series of emissions targets to ensure continued progress.

Scope I, II and III Emissions Targets

  • Reduce absolute emissions directly from the company’s operations and indirect emissions from purchased energy (scopes I and II) by 50% by 2030
  • Reduce other indirect absolute emissions related to materials sourcing, logistics and services (scope III) by 15% by 2030, and 25% by 2040
  • Achieve carbon neutral operations (scopes I and II) by 2040.

“Parker has made great progress on our sustainability journey and we recognise the need to do even more,” said Tom Williams, chairman and chief executive officer of Parker. “Our technologies enable customers around the world to be cleaner and more efficient, and this commitment to reducing our own carbon emissions is another important step we are taking to create a more sustainable future for generations to come.”

The targets, featured in this year’s report, will be submitted for approval by the Science Based Targets initiative, which defines and promotes best practices in emissions reductions and carbon neutral targets in line with climate science. Parker’s long-term strategy includes actions to reduce its energy consumption, investments in renewable energy, and working closely with suppliers to further reduce energy use and emissions.

Enabling a sustainable future

The 2020 Sustainability Report also highlights Parker’s interconnected portfolio of motion and control technologies, which features a broad range of highly efficient products and systems engineered to help customers reduce resource consumption and greenhouse gas emissions.

“Parker delivers technology solutions that enable the adoption of cleaner and more efficient energy, electrification, light-weighting and other innovations with a positive, global environmental impact to hundreds of thousands of companies across the industrial, mobile and aerospace markets,” states the company.

These include the following, says Parker Hannifin:

  • A comprehensive suite of engineered materials, such as thermal management, coatings, adhesives, and vibration control, that enable more electric applications
  • A broad range of motion and control technologies to support the use of various clean energy sources, such as batteries, fuel cells, hydrogen, sustainable fuels and renewable energy
  • Strongest motion technology offering, with electro-hydraulic, electro-mechanical, and pneumatic actuators, valves, pumps, motors, controllers, software and conveyance for more electric aerospace, mobile and industrial applications
  • Exciting bill-of-material expansion opportunities both for onboard OEM equipment, as well as significant new infrastructure investment to support a cleaner technology world.

“With more than a century of experience, we are often called to the table for the collaborations that help to solve the most complex engineering challenges,” Williams adds. “Breakthroughs that make the world cleaner, smarter and safer would not be possible without Parker technologies.”

Sustainability Report key achievements

Other key achievements related to Parker’s sustainability initiatives detailed in the report include:

Safety is a core value that all Parker team members share and the company has reduced its Recordable Incident Rate by 72% from 2015 through 2020. In 2020, the recordable incidents per 100 team members was 0.40, a reduction of 35% from 2019

Since 2010, Parker has reduced energy intensity (MWh/USD) by 42% and greenhouse gas intensity (MT/USD) by 50%. In 2020, Parker’s climate disclosure score was ranked in the top quartile among diversified industrial peer companies

Today, Parker recycles more than 85% of waste generated by manufacturing operations and continues to reduce the volume of waste sent to landfills. The Parker-Hannifin Foundation has donated $64 million since 2010, including $6 million in 2020.

Since 2010, Parker has reduced energy intensity (MWh/USD) by 42% and greenhouse gas intensity (MT/USD) by 50%, the company reports.
Since 2010, Parker has reduced energy intensity (MWh/USD) by 42% and greenhouse gas intensity (MT/USD) by 50%, the company reports.

Parker Hannifin

Tachbrook Park Drive
Tachbrook Park
CV34 6TU

+44 (0)1926 317878



More news
1 week ago
NSK bearings reduce concrete floor manufacturing machine failures to zero
Regular bearing failures in a concrete floor manufacturing machine were leading to extensive downtime, costly lost production, and high maintenance costs. To rectify the problem, the customer turned to the expertise of NSK for a redesigned wheel hub and stub axle assembly.
1 week ago
Servodrives help protect chair castors and cut packaging costs
Drives and motors specialist Yaskawa has played a key role in the development of an automated system specifically designed to fit protective plastic caps onto chair castors, using its Sigma-7 series servo-drives and a SLIO-series controller.
1 week ago
SKF streamlines bearing analysis for Ansys users
With the new SKF Bearing App for Ansys Mechanical, design engineers have instant access to accurate stiffness data on more than 10,000 bearing designations. The app is available in the Ansys Store free of charge.
1 week ago
Omron awarded platinum rating from EcoVadis for sustainability
Omron has been awarded the Platinum rating following a sustainability assessment by EcoVadis. A score earning a Platinum rating, which is the highest distinction, puts the company within the top 1% of all the businesses assessed for sustainability performance.
2 weeks ago
ABB Value Provider wins order for rolling mill DC drive solution
DC drive specialist Iconsys is set to deliver a bespoke drive upgrade solution comprising two 12-pulse drive suites from ABB for a UK steel mill’s payoff and tension reels, used to feed and recoil steel strip through a production line.
2 weeks ago
What are the design considerations when specifying lead screws?
The first in the new ‘Design • Engineer • Build’ series of video podcasts focuses on lead screws – components that are at the heart of countless engineering systems. We talk to Phil Jones at Abssac about the enduring popularity of these essential design products, and the design considerations in their specification.
2 weeks ago
Harting honoured with the ‘Best of Industry Award’
The industry media of the Vogel Communications Group presented their ‘Best of Industry Awards’ shortly before the turn of the year. The Harting Technology Group emerged as the winner in the ‘Electrical Equipment’ category with its Han-Modular Domino modules.
2 weeks ago
Quick ROI and 60% decrease in maintenance travel with remote access
Brazilian surface treatment systems manufacturer Erzinger was keen to limit service trips as much as possible to serve customers faster. By implementing IXON Cloud, it can now support its customers remotely, and work in an intuitive and secure way. It can even set up multiple simultaneous connections to work together on the same project. The result is cost reduction, quick ROI and happier customers.
2 weeks ago
Nord high up in the sustainability ranking
Nord Drivesystems was assessed by the rating agency EcoVadis and awarded the silver sustainability certificate in 2022. In the overall ranking, the North German company is in the top six percent of manufacturers in the industry assessed by EcoVadis.
3 weeks ago
Mitsubishi Electric helps door manufacturer triple its throughput
Renowned door manufacturer Profile Developments has seen a threefold increase in its productivity, thanks to its latest collaboration with Mitsubishi Electric, with a solution based on multiple FR-E series inverter or variable speed drives (VSDs) and other system-matched components, such as a GOT 2000 series HMI and MELSEC iQ-R PLC.

Login / Sign up