Parker’s Fiscal Year 2022 Sustainability Report Highlights the Impact of Clean Technologies, Environmental Actions and Community Support
20 September 2022 - 02:00PM
Parker Hannifin Corporation (NYSE:PH), the global leader in motion
and control technologies, has released its fiscal year 2022
Sustainability Report. The report demonstrates how Parker team
members are leading with purpose by highlighting its latest clean
technologies, progress on achieving carbon reduction goals and a
range of global initiatives to help strengthen local
communities.
The FY22 Sustainability Report also features a
showcase of Parker’s interconnected portfolio of motion and control
technologies, which includes a broad range of highly efficient
products and systems engineered to help customers reduce resource
consumption and carbon emissions. Parker delivers technology
solutions that enable the adoption of cleaner and more efficient
energy, electrification, lightweighting and other innovations with
a positive, global environmental impact to hundreds of thousands of
companies across industrial, mobile and aerospace markets.
“Despite the extraordinary challenges we faced
this year, Parker has made significant strides toward our carbon
reduction goals, improving safety performance and advancing a
diverse and inclusive culture within our workplaces,” said Tom
Williams, Chairman and Chief Executive Officer. “We are also
continuing to deliver clean technologies that help to create a more
sustainable future, and look forward to building on our progress in
the year ahead.”
This year’s Sustainability Report is aligned with
Parker’s fiscal year reporting cycle, and the company has expanded
the number of disclosures to create a more complete picture of the
impact of its operations and the progress being made toward
environmental, social and governance objectives.
Key achievements detailed in the FY22
Sustainability Report include:
- The safety and well-being of team members is Parker’s highest
priority. Since 2015, the company has reduced its Recordable
Incident Rate by 72% and Lost Time Incident Rate by 44%, with a
goal to achieve zero recordable incidents by 2030.
- Since fiscal year 2019, Parker has reduced absolute carbon
emissions by 18%. Parker’s goal is to reduce carbon from its
operational footprint (scopes I and II) by 50% by 2030 and 100%
(carbon neutral) by 2040. The company is also committed to reducing
carbon from its indirect footprint (scope III) related to materials
sourcing, logistics and services by 15% by 2030, and 25% by
2040.
- This year the Parker Foundation donated $7 million to charities
around the world whose missions and programs align with three key
areas of focus: STEM education, community needs and
sustainability.
- As part of its ongoing diversity, equity and inclusion
(DE&I) journey, Parker has established team member-led Business
Resource Groups and global High Performance Teams focused on
fostering a welcoming and inclusive culture.
Additional information is available in Parker’s
fiscal year 2022 Sustainability Report. Learn more
at www.parker.com/sustainability.
About Parker HannifinParker Hannifin is a
Fortune 250 global leader in motion and control technologies. For
more than a century the company has been enabling engineering
breakthroughs that lead to a better tomorrow. Learn more at
www.parker.com or @parkerhannifin.com.
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- Sustainability Report FY22
Media –
Aidan Gormley, Director, Global Communications and Branding
216/896-3258
aidan.gormley@parker.com
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