Parker's Fiscal Year 2024 Sustainability Report Highlights Progress to a Better Tomorrow

Core Insights - Parker Hannifin Corporation has released its fiscal year 2024 Sustainability Report, emphasizing its leadership in advancing clean technologies and reducing environmental impacts [1][2] - The report highlights Parker's commitment to sustainability through engineering breakthroughs and community engagement [3] Sustainability Initiatives - Parker has initiated over 300 projects since FY19 aimed at reducing its energy footprint, resulting in a 23% reduction in Scope 1 and Scope 2 emissions from FY19 to FY23 [7] - The company aims to reduce its absolute indirect emissions (Scope 3) by 15% by 2030 and 25% by 2040, collaborating with suppliers and implementing new technologies for supply chain efficiencies [7] - Parker's safety performance has improved significantly, with a 45% reduction in recordable incident rates over the past five years, and 73% of sites reporting no incidents in FY24 [7] Community Engagement - In FY24, Parker and the Parker Foundation contributed over $11 million to charitable causes and team members volunteered approximately 15,000 hours in community service [7]