Climate Change Data

Environmental Metrics

ESG Focus Areas

• workplace health and safety
• climate risk
• water conservation
• human capital management
• diversity, equity and inclusion
• cybersecurity
• business ethics and compliance

Environmental Achievements

• Reduced Recordable Incident Rate by 45% over the past five years.
• Committed to achieve carbon neutral operations by 2040.
• Reducing absolute emissions directly from operations by 50% by 2030.
• Reducing indirect absolute emissions related to materials sourcing, logistics and services by 15% by 2030, and by 25% by 2040.

Social Achievements

• Reduced Recordable Incident Rate by 45% over the past five years.
• Development and deployment of Business Resource Groups (BRGs).
• Donated over $100 million since 2010, including $10 million in fiscal year 2024 through the Parker-Hannifin Foundation.

Governance Achievements

• Board of Directors is committed to sound corporate governance practices.
• 92% of Board is independent.
• 75% of Board is gender/racially/ethnically diverse.
• Annual Board, Committee and individual Director evaluations.
• Annual review of our Chief Executive Officer by all independent Directors.

Climate Goals & Targets

Environmental Challenges

• Inflation
• supply chain constraints
• ongoing international conflict and geopolitical tensions

Mitigation Strategies

• Unwavering commitment to The Win Strategy drove sustained profitable growth and strong financial performance.
• Global supply chain team employs dual sourcing and other risk management strategies to ensure the availability of materials needed for production.
• Requires suppliers to comply with all applicable laws and regulations related to human rights, resource conservation and the environment.

Supply Chain Management

Responsible Procurement

• requires suppliers to comply with all applicable laws and regulations related to human rights, resource conservation and the environment.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SASB, TCFD

Sustainable Products & Innovation

• 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; A strong motion technology offering with electro-hydraulic, electromechanical, and pneumatic actuators, valves, pumps, motors, controllers, software and conveyance for more electric aerospace, mobile and industrial applications; A broad platform of filtration technologies to accelerate a cleaner and more sustainable world.