Parkerís fiscal year 2023 Sustainability Report

Highlighting progress in protecting the environment, advancing clean technologies and strengthening communities.

Parker Hannifin, the global leader in motion and control technologies, has released its fiscal year 2023 Sustainability Report. Under the theme “Guided by Purpose,” the report highlights the success of Parker’s most recent actions to protect the environment, advance clean technologies, create safe industrial workplaces and strengthen its communities. 

The report also demonstrates Parker’s broad range of products and systems that are specifically designed to help customers across industrial, mobile and aerospace markets minimise their reliance on natural resources, increase efficiencies and reduce carbon emissions. Approximately two-thirds of its global technology portfolio are solutions that enable electrification, lightweighting, the adoption of cleaner and more efficient energy sources – such as batteries, fuel cells and hydrogen – and other innovations that have a positive environmental impact. 

“Parker’s legacy of corporate responsibility and sustainability-focused operations is reflected in our actions. We continue to enable our customers to innovate and make progress on their environmental commitments,” said Jenny Parmentier, Chief Executive Officer. “I am proud to share the progress we have made in our Sustainability Report on behalf of all of our global team members, who continue to do the work every day to make our world cleaner, smarter and safer.” 

Key achievements detailed in the FY23 Sustainability Report include: 

  • Keeping Team Members Safe: Parker prioritises a shared commitment to safety excellence across its sites, which resulted in a 45% reduction in Recordable Incident Rate and a 33% reduction in Lost Time Incident Rate over the last five years. Collectively, Parker’s safety performance ranks in the top quartile among peer industrial companies.
  • Reducing Carbon Impacts: Parker completed many on-site carbon reduction projects this fiscal year, including solar panel installations, lighting retrofits, HVAC system upgrades and other projects to lower its environmental footprint. These actions support Parker’s goals to reduce carbon from its operational footprint by 50% by 2030 and achieve carbon neutrality by 2040.
  • Developing Clean Technologies: In FY23, more than 40% of Parker’s research and development was dedicated to expanding its interconnected clean technology portfolio, with a focus on electrification and the emergence of alternative fuels such as hydrogen and sustainable aviation fuels.
  • Positively Impacting Communities: Together, Parker and the Parker Foundation contributed more than $9 million to charities that help strengthen communities around the world. The majority of these contributions supported causes that align with the Foundation’s three areas of focus: STEM Education, Community Needs and Sustainability.

Additional information is available in Parker’s fiscal year 2023 Sustainability Report. Learn more at

Tel No: 01271 313131

Published: 27th February 2024

BVAA Strengthens Board with New Members

Rachel Wormald, Managing Director at YPS Valves Ltd and Elizabeth Waterman, ...

Share on Twitter Share on LinkedIn Read full article

BVAA Valve & Actuator Training News

Are you looking for industry-leading, brand independent valve and actuator ...

Share on Twitter Share on LinkedIn Read full article

Comment by BVAA CEO Rob Bartlett

As can be seen from the photograph, clearly the resident birds at Bartlett ...

Share on Twitter Share on LinkedIn Read full article

Howco Group Invests £1 Million in Vertical CNC Turning Centres

Howco Group has unveiled its latest £1million investment, with the ...

Share on Twitter Share on LinkedIn Read full article

Allvalves: Fuelling Growth Through Customer Connectivity

In 2024, Allvalves is poised for an exciting year of growth and expansion, ...

Share on Twitter Share on LinkedIn Read full article

GMM Pfaudler - Introducing the Normag Brand to the BVAA Community

GMM Pfaudler Engineered Plastics & Gaskets are delighted to bring the ...

Share on Twitter Share on LinkedIn Read full article

Building Industry Connections: A GMM Pfaudler Success Story

In the ever-evolving valve industry, GMM Pfaudler stands out for its ...

Share on Twitter Share on LinkedIn Read full article

SAMSON Controls Participates in the UK CCUS and Hydrogen Decarbonisation Summit

SAMSON Controls Ltd – part of the SAMSON group - a renowned leader in ...

Share on Twitter Share on LinkedIn Read full article