Issued by Parker Hannifin Corporation
Parker Hannifin Corporation, the global leader in motion and control technologies, has released its 2020 Sustainability Report and announced a new commitment to achieve carbon neutral operations by 2040. Parker also established a series of emissions targets to ensure continued progress.
Scope I, II and III Emissions Targets
“Parker has made great progress on our sustainability journey and we recognize 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.
Technologies 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, including:
“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 added. “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:
Learn more at www.parker.com/sustainability.
Corporate Vice President EHS