“The creativity and dedication of our team members enabled us to achieve significant progress towards our social responsibility objectives in fiscal year 2017,” said Chairman and Chief Executive Officer, Tom Williams. “Moving forward, we will continue to pursue new opportunities to help make the world a better place.”
Key achievements related to Parker’s social responsibility initiatives detailed in the report include:
- Safety is Parker’s highest priority, and the company’s Recordable Incident Rate has dropped by 54% since 2014. This includes a 22% reduction in fiscal year 2017, when 231 facilities were accident free.
- Parker views its ability to support local communities as a key measure of the company’s success. This year team members raised
$130,000to aid recovery in areas of Texas, Florida, Puerto Rico and California impacted by flooding, hurricanes, wildfires and other natural disasters, and also contributed $250,000to the United Waycampaign in support of 27 local chapters across the United States. The Parker Hannifin Foundationdonated more than $6.5 million to 250charitable organizations. Half of the contributions support local communities, with the balance targeted at improving education through scholarships and institutional donations.
- Today Parker recycles more than 85% of the waste generated from its manufacturing operations, and the company continues to make progress towards its goal of reducing water use and volume of waste sent to landfills by 20% between 2015 and 2020.
- Given the scope of Parker’s manufacturing operations, increasing energy efficiency represents a significant opportunity to reduce environmental impact. Parker has reduced absolute energy consumption by 54% and greenhouse gas emissions by 52% since calendar year 2004.
The report also features examples selected from hundreds of submissions that demonstrate local initiatives driven by Parker team members, aimed at making the company more efficient, supporting local communities and protecting the environment.
Learn more at www.parker.com/sustainability
About Parker Hannifin
Parker Hannifin is a Fortune 250 global leader in motion and control technologies. For 100 years the company has engineered the success of its customers in a wide range of diversified industrial and aerospace markets. Learn more at www.parker.com or @parkerhannifin.
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Source: Parker-Hannifin Corporation