Across a wide range of aerospace, industrial and mobile equipment applications, Parker team members partner with customers to solve their complex challenges and enable engineering breakthroughs. Living up to a greater purpose, however, means doing so in a way that minimizes environmental impact to help create a better world for future generations.
Parker has made great progress on our sustainability journey, and we know we need to do more. We’ve made a commitment to achieve carbon neutral operations by 2040 and established a series of emissions targets.
This commitment to reducing our carbon emissions is another step we are taking to create a sustainable future.
View the graphic to learn about Parker’s commitment to achieving carbon neutral operations by 2040.
Our long-term strategy to achieve our carbon goal, includes actions to reduce its energy consumption, investments in renewable energy and working closely with suppliers to further reduce energy use and emissions.
We have already made significant progress in reducing greenhouse gas emissions throughout our business. Since 2010, we have reduced our energy intensity (MWh/USD) by 42%, and greenhouse gas intensity (MT/USD) by 50%.
This year, Parker’s climate disclosure score was ranked in the top quartile among diversified industrial peer companies. We understand that operating responsibly and sustainably creates a better world for everyone.
Today, Parker recycles more than 85% of waste generated by manufacturing operations, and we continue to reduce the volume of waste sent to landfills.
Operating responsibly includes eliminating the use of materials that are hazardous to the environment and we are investing in alternatives. Through product testing and collaborating with our customers, we are finding solutions that deliver even better performance with less environmental impact.
Parker monitors the amount of water we use and recycle to cool and clean equipment at our manufacturing facilities. Through our water conservation strategy, we are investing in targeted projects in locations where water is scarce. Water scarcity is also included as a key factor in our site acquisition analysi
Parker has implemented several supply chain initiatives to reduce our environmental footprint. This includes leveraging sustainable transport methods to reduce emissions associated with air freight.
We’re replacing boxes with reusable totes, and wooden pallets are now repaired rather than discarded.
And our supply chain team employs dual sourcing to ensure the availability of materials needed for production. We also require our suppliers to comply with environmental and legal requirements.