Better Health for All

Parker-Hannifin experienced a cybersecurity breach in March 2022, affecting 120,000 health plan members' sensitive information.

The company has incurred over $2.3 million in penalties since 2000 for 46 environmental violations, including water, air, and hazardous waste pollution, with multiple violations recorded in 2024. During the COVID-19 pandemic, Parker-Hannifin supported large-scale vaccine production by leveraging its filtration assemblies and automated systems.

Fair Money & Economic Opportunity

Parker-Hannifin Corporation is an industrial manufacturing company, not a financial institution. The 'Fair Money & Economic Opportunity' value and its associated KPIs are designed to assess companies that offer lending, insurance, or other financial services to consumers. The provided articles describe Parker-Hannifin's activities such as job creation

, global expansion , and philanthropic donations to STEM education and community well-being . The Parker-Hannifin Foundation has donated over $100 million since 2010 to support STEM education, community well-being, and sustainability . These activities contribute to general economic development but do not directly relate to the specific financial products, services, or customer financial outcomes measured by the KPIs in this rubric. Therefore, all KPIs are scored 0 as the company's core business lies outside the scope of financial services.

Fair Trade & Ethical Sourcing

No specific, quantitative evidence was provided in the articles to assess Parker-Hannifin Corporation against any of the Fair Trade & Ethical Sourcing KPIs. While the company's code of conduct prohibits forced and child labor, and it conducts due diligence on conflict minerals

, no data on certification percentages, audit frequencies, incident counts, traceability coverage, remediation speed, contractual coverage percentages, high-risk material spend, or supplier diversity spend was available.

Kind to Animals

Parker-Hannifin has not publicly disclosed specific policies related to animal welfare, such as cruelty-free certifications or habitat conservation.

The provided articles detail environmental compliance issues, including hazardous waste violations and unauthorized stormwater discharges, but do not offer information relevant to the company's direct animal welfare practices, animal testing, or ethical sourcing. Parker-Hannifin Corporation paid a $366,000 penalty for hazardous waste violations at its Enumclaw, Washington facility. Issues included failure to sample stormwater discharges and lack of pollution controls, leading to unauthorized discharges into local waterways. A previous citation in 2019 was uncorrected by 2023 inspections. Parker-Hannifin agreed to a $64,000 settlement for Clean Water Act violations at its Enumclaw facility.

No War, No Weapons

Parker-Hannifin reported defense sales of $1.8538 billion for the fiscal year ending June 30, 2024, which constituted 9.316% of its total revenue of $19.9 billion.

These sales included $1.1 billion from defense OEM and $753.8 million from defense aftermarket. The company's Aerospace Systems segment serves the defense market, including fixed-wing aircraft and helicopters. Parker-Hannifin received approximately $241.7 million in award payments from the Department of Defense in the past year, including a $12 million payment in October 2024 for spare parts. Parker Aerospace also has a five-year agreement with the U.S. Army for hydraulic pump and flight control actuation overhaul and upgrades for UH-60 Blackhawk helicopters, and a potential 10-year, $444.4 million contract with the Defense Logistics Agency for U.S. Air Force aircraft actuator maintenance. The Gold Cup Pump MIL-P-17869 has been used in military shipboard hydraulic applications for over 50 years.

Planet-Friendly Business

Parker-Hannifin's total Scope 1, 2, and 3 greenhouse gas emissions were 4,314,267 tCO2e in 2024, with full disclosure across all scopes

. The company aims for carbon-neutral operations by 2040 , supported by interim targets to reduce Scope 1 and 2 emissions by 50% by 2030 , and Scope 3 emissions by 15% by 2030 and 25% by 2040 . New targets are slated for submission to the Science-Based Targets Initiative (SBTi) for approval , and an SBTi-aligned Supplier Engagement Target program was introduced in FY25 . In 2023, only 0.01% of the company's total energy consumption was sourced from renewables . Parker-Hannifin recycles more than 85% of waste generated by its manufacturing operations .

Respect for Cultures & Communities

The Parker Hannifin Foundation has donated over $70 million since 2010 to support STEM education, community needs, and sustainability initiatives

. However, this is not specified as a percentage of revenue reinvested in local community development or directed to cultural heritage organizations. Specific data regarding formal partnerships with indigenous or local community groups, cultural appropriation incidents, cultural impact assessment protocols, local employment ratios, grievance mechanisms, FPIC participation, community governance inclusion, cultural preservation investment, local procurement, indigenous supplier engagement, cultural site protection, social license to operate, charitable giving to cultural organizations, community fund allocation, language inclusivity, cultural incident response, or cultural sensitivity training completion is not readily available.

Safe & Smart Tech

Parker-Hannifin experienced a significant cyberattack in March 2022

, compromising sensitive personal information of nearly 120,000 individuals, including names, Social Security numbers, birth dates, addresses, health insurance details, and other sensitive data . The Conti ransomware group claimed responsibility and leaked the data online . Following this incident, the company faced multiple class-action lawsuits alleging inadequate data protection and failure to adhere to industry-standard data security practices . In response, Parker-Hannifin integrated its cybersecurity program into its Enterprise Risk Management framework , adopted the NIST Cybersecurity Framework , and implemented various security measures, including hardened PCs, endpoint security detection software, email security, firewall appliances, network security protections, mandatory cybersecurity awareness training, and third-party risk assessments and incident response exercises .