Parker Hannifin

Industrial Machinery
PH
$ 265 0.02
Share price
$ 34 bn
Market Cap
$ 43 bn
Enterprise Value

Carbon footprint

12 Ton
GHG emissions per $ 1 mln investment
0.42x the weighted average for S&P 500
FY2020
How is this calculated?
+3.6%
YOY change in GHG emissions
Weaker than the -8.7% weighted average for S&P 500
FY2020 vs. previous year

Primary Climate Goal

-5.2%
Proj. YOY change in GHG emissions (Scope 1 + 2)
In line with the -5.1% weighted average for S&P 500
FY2021
How is this calculated?

Parker Hannifin aims to reduce Scope 1 + 2 by 50% by 2030 from a base year 2019


This target has not been verified as science based according to SBTi
Parker Hannifin's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

Secondary Climate Goal

-5%
Proj. YOY change in GHG emissions (all Scopes)
Weaker than the -6.9% weighted average for S&P 500
FY2021
How is this calculated?

Parker Hannifin aims to achieve carbon neutrality for all Scopes by 2040


This target has not been verified as science based according to SBTi
Parker Hannifin's actual and proj. GHG emissions (all Scopes) (Kt of CO2e)

GHG emissions and Carbon intensity

Parker Hannifin's GHG emissions (location-based) (Kt of CO2e)
Parker Hannifin's Carbon intensity (Tons per 1 USDm)

Parker Hannifin's carbon footprint

Parker Hannifin reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2020 at 505 Kt (+17/+3.6% y-o-y). Carbon intensity also was up at 37 t (+3.1/+9% y-o-y).

Parker Hannifin's Scope 3 emissions surged to 6,646 Kt (+6,437/+3087% y-o-y). The parameter has been fairly volatile.

The company is committed to reducing Scope 1 + 2 by 50% by 2030 from a base year 2019, which translates into the estimated reduction of -26 Kt per annum over the period of FY2021 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Also, the company commits to achieving carbon neutrality for all Scopes by 2040, which translates into the estimated reduction of -358 Kt per annum over the period of FY2021 - FY2040. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Also, the company commits to reducing Scope 3 by 15% by 2030 from a base year 2019, which translates into the estimated reduction of -647 Kt per annum over the period of FY2021 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Parker Hannifin aims to achive carbon neutrality across its entire value chain (all Scopes) in 2040. Companies normally become carbon neutral with the help of the acquisition of carbon offsets rather than absolute reductions in their own greenhouse emissions. Also, carbon neutrality does not include non-CO2 GHG emissions.

Company environmental metrics

Show more...