Corporate Social Responsibility of Parker-Hannifin Corporation
Posted by Matthew Harvey on Oct-17-2018
1. CSR at Parker-Hannifin Corporation
CSR s embedded in the business philosophy of Parker-Hannifin Corporation. At Parker-Hannifin Corporation, the business operations and processes are designed in a way that they do not become an obstacle or a burden in the way of people’s and the environment’s wellbeing. At the same time, these processes and designs boost business growth. The systematic design of operations at Parker-Hannifin Corporation enables the management to ensure that the organization achieves sustainable business growth by reducing attached risk factors as well as through community building goals and ambitions. Parker-Hannifin Corporation strives to increase its social impact and influence on the environment and in people’s lives- by focusing on three big goals.
1.1. Values at Parker-Hannifin Corporation
Parker-Hannifin Corporation works for CSR through the CSV approach. This is made easier to incorporate in the company systems because of the core values practised at Parker-Hannifin Corporation. These are:
Respect – for every one
- Trust
- Integrity
- Honesty
- Accountability
1.2. CSR goals at Parker-Hannifin Corporation
1.2.1. Improving livings standards for communities through increasing employment opportunities
Parker-Hannifin Corporation believes in working for the people, and working with the people. With the growth of the business across the world, Parker-Hannifin Corporation ensures that it creates new employment and livelihood opportunities for millions across the globe. This is done through direct employment and contracts, as well as through inclusive business opportunities.
1.2.2. Enhancing the health and wellbeing of communities engaging with Parker-Hannifin Corporation
Parker-Hannifin Corporation works with communities at large and aims to help them become healthier and happier. Parker-Hannifin Corporation provides nutritional boosting and support to communities where it runs operations, as well as to other communities living in regions marked below poverty. Additionally, Parker-Hannifin Corporation also produces and distributes health and hygiene products to enhance the wellbeing of its customers along with the various communities it has engaged with.
1.2.3. Reducing environmental footprint
Parker-Hannifin Corporation works towards reducing its environmental footprint by ensuring that it allows the legislation regarding carbon production and release. Also, Parker-Hannifin Corporation works towards designing operational processes that reduce water and land pollution. All products manufactured and distributed by Parker-Hannifin Corporation come with a disposal method to reduce wastage, and increase recycling.
2. Creating shared value (CSV) at Parker-Hannifin Corporation
Parker-Hannifin Corporation works hard to create value for not only the shareholders but for the society at large. This approach of creating shared value has enabled impressive business growth for Parker-Hannifin Corporation, as well as allowing its expansion regionally as well as in its product portfolio. Through creating shared value, Parker-Hannifin Corporation brings value to the lives of communities where it operates by influencing those aspects of the society which intersect and coincide with the business offerings and business operations.
2.1. How to maximize value creation?
Through the CSV approach, Parker-Hannifin Corporation can create the most value in the following aspects:
2.1.1. Nutrition
Parker-Hannifin Corporation focuses on investing in the health of communities by focusing on nutrition and medication, as well as on sanitation and hygiene. The primary focus remains on ensuring health safety for children and infants.
2.1.2. Water
Parker-Hannifin Corporation works hard with third parties and external as well as internal support systems to ensure that its operations do not cause water damage. In addition, it administers all its internal sewage plants to dispose of waste optimally without risking water life.
2.1.3. Air cleansing
Parker-Hannifin Corporation maintains carbon units as per legislation in all its operations across the globe. The company also takes responsibility for ensuring that all its industrial sites and operations are placed away from residential areas to reduce maximum exposure of plant operations to the public.
2.1.4. Rural development
Parker-Hannifin Corporation strives to develop communities where it operates. This includes rural communities and settlements from where Parker-Hannifin Corporation gets its raw materials and inputs as well as labour. Parker-Hannifin Corporation created varied employment and livelihood opportunities for these communities to help them raise their living standards and quality of life.
3. Commitments made by Parker-Hannifin Corporation
Commitments at the Parker-Hannifin Corporation have helped shape its CSR and CSV approach based on multiple trends from across the globe. These commitments have helped Parker-Hannifin Corporation maintain focus in giving back to the community as well as in developing a more sustainable environment and workplace. Commitments are the long term goals that Parker-Hannifin Corporation wants to fulfil and achieve in the following different aspects:
3.1. For individuals and families
3.1.1. Living healthier lives
For families and communities, the CSV approach of Parker-Hannifin Corporation focuses on helping individuals attain a balance between healthy nutrition and physical exercise as a means of a healthier lifestyle and healthy living. With today’s work style and busy schedules, this is quite a challenge. Parker-Hannifin Corporation works intending to develop programs and products to help communities manage time well and stay motivated towards increasing their wellbeing.
3.1.2. Having nutritional knowledge
Parker-Hannifin Corporation works with the long term aspiration of enhancing the lifestyles of communities. The company plans to do it by sharing information regarding nutritional facts, and by raising awareness of nutritional intake. The company does this by not only making the nutritional value available for its own manufactured products but also develops programs and information sharing networks to help individuals learn about healthy eating and make informed dietary decisions.
3.2. For communities
3.2.1. Rural development
Parker-Hannifin Corporation works towards developing rural communities-especially where it is operational and present. The company engages not only in employment creation but also infrastructure development and education deployment programs to help communities improve their living standards. Parker-Hannifin Corporation also conducts vocational training programs frequently.
3.2.2. Promoting diversity
Parker-Hannifin Corporation also works towards inclusion through its diversity programs. The company has designed programs and policies to ensure the inclusion of all community groups in the employment cycle. In addition, the company also conducts training and skill enhancement sessions for all community groups –including disabled and special persons
3.3. For the planet
3.3.1. Protecting water
Parker-Hannifin Corporation understands the need for protecting water resources across the globe and is also an active fighter for water preservation. With the high scarcity of clean drinking water, Parker-Hannifin Corporation works and strives to provide communities with clean drinking water through having installed filter plants
3.3.2. Protecting natural resources
With increased urbanization, natural landscapes of forests and grasslands have quickly turned into urban centres. Parker-Hannifin Corporation ensures that all its operational sites are designed in a way that they do not harm or risk the natural ecosystem. In addition, the company works towards protecting the environment by building green spaces.
3.3.3. Safeguarding the environment
The operations of Parker-Hannifin Corporation, like other players in the industry, are being affected by the climatic changes, and the weather alterations. To fight this change, and to safeguard the environment, Parker-Hannifin Corporation works towards creating safe green spaces through high rate plantations. This is to ensure environmental sustainability and enrichment of the ecosystem.
4. Value chain at Parker-Hannifin Corporation and CSR
At Parker-Hannifin Corporation, SCR is embedded in the company DNA. Parker-Hannifin Corporation ensures that the CSV approach is integrated into all operations and systems at the company, including THE VALUE CHAIN.
4.1. Supply chain
4.1.1. Rural development
Parker-Hannifin Corporation allies with farmers and other partners to obtain the high quality raw material. In doing so, the company ensures that it invests in the wellbeing in the development of its partners and related communities through educational opportunities as well as various training programs and infrastructure development.
4.1.2. Responsible sourcing
Parker-Hannifin Corporation participates in responsible sourcing. All its partners throughout the supply chain and for raw materials have been tested against set ethical backgrounds to ensure that all raw sources and materials are obtained from partners doing sustainable business.
4.1.3. Animal welfare
In all its sourcing, Parker-Hannifin Corporation ensures that no animals are harmed. Parker-Hannifin Corporation makes sure that all animals are fed high quality fodder, and that they are kept in a clean and safe environment. In addition, Parker-Hannifin Corporation also provides safe breeding grounds for animals and regularly authorizes veterinary check-ups for all animals in partner farms.
4.1.4. Human rights
Parker-Hannifin Corporation is also particularly careful to ensure that all human rights are upheld in its business operations. This includes no child labour, and inclusive diversity, amongst other things. Also, the business operations of Parker-Hannifin Corporation also include high dependence on local workers for labor and management – making sure all local and global human rights are followed thoroughly.
4.2. Manufacturing
4.2.1. Water, sanitation and hygiene
During the manufacturing process and value additions, Parker-Hannifin Corporation maintains an emphasis on water, sanitation and hygiene. All plants and manufacturing units operated by Parker-Hannifin Corporation have an authorized sanitation system in place which ensures minimal water wastage. Besides, all industrial waste is disposed of off through authorized channels only – ensuring that no natural water body and water source is harmed or polluted.
4.2.2. Natural resource stewardship
Parker-Hannifin Corporation is also an active pioneer of natural resource stewardship. Parker-Hannifin Corporation has devised ways to ensure that natural resources are sustainably used for industrial operations, and are not damaged during business processes. Parker-Hannifin Corporation shares this knowledge publicly for the overall welfare of the environment and the planet.
4.2.3. Women empowerment
During its manufacturing process, the Parker-Hannifin Corporation also ensures to employ women labour in various managerial and operational level jobs. These women are usually from local communities and are trained for new skill development and enhancement. In doing so, Parker-Hannifin Corporation ensures that women are equipped with the confidence and decision making abilities s that they advance not only in their professional but also in their personal and social lives.
4.3. Retail and consumers
4.3.1. Responsible marketing and influence
Parker-Hannifin Corporation makes sure to use ethical means of marketing its products. This means not only does it disseminate rightful information and data regarding the company, but also makes sure that it does not use unethical appeals in its marketing communication.
4.3.2. Marketing to children
Parker-Hannifin Corporation is also careful in its marketing to children so that it is not exploitative. Rather, marketing to children is done through influencing adults towards the products offered by Parker-Hannifin Corporation.
4.3.3. Product Safety
Parker-Hannifin Corporation ensures product safety in consumption at all times. This is done not only through mentioning nutritional value and facts but also through a clear statement of manufacturing dates and batches. This is to make sure that consumers are aware of the product quality and life cycle. Also, the company mentions clear ways and processes of disposing of the products to ensure that the environment is sustained and not harmed.
5. Working towards achieving sustainable goals
The CSR and CSV approach at Parker-Hannifin Corporation is closely guided by the sustainable development goals chalked out by the United Nations. Through working on the attainment of the SDGs, Parker-Hannifin Corporation, and many other companies work together to create a peaceful and harmonious future that has sustainable resources and environment.
Through connecting Parker-Hannifin Corporation’s goals and commitments with the SDGs, the company has created avenues of channelling a positive impact on society through its operations and business as a whole.
5.1. No poverty
- Parker-Hannifin Corporation creates opportunities for skill enhancement and vocational training
- Parker-Hannifin Corporation also provides equal employment opportunities to all labours from the local communities
- Parker-Hannifin Corporation promotes and supports small business ventures through inclusive business support and funding – especially for women who are micro-entrepreneurs in the community
5.2. Zero hunger
- Parker-Hannifin Corporation works towards implementing a model of less food wastage and food loss – in the manufacturing as well as the supply chain process
- Parker-Hannifin Corporation provides subsidized products in communities that are living below the poverty line, as well as in communities where it is operational and has industrial units and sites
- Parker-Hannifin Corporation has developed recycling plants in local communities to ensure that there is no food wasted during consumption, and it is recycled into other products needed for a sustainable environment
5.3. Clean water and sanitation
- Parker-Hannifin Corporation strives to ensure high water efficiency and water sustainability in all business operations and processes
- Parker-Hannifin Corporation advocates and also internally implements positive water policies
- Infrastructure developed by Parker-Hannifin Corporation in different rural communities and settlements ensures authorized sewage networks and lines to avoid dumping in freshwater reserves
5.4. Life on land
- Parker-Hannifin Corporation works towards establishing the green supply chain
- Parker-Hannifin Corporation ensures that no Green spaces are destroyed for its business and industrial purposes, and also works towards creating healthy green spaces through numerous plantations
- Parker-Hannifin Corporation places a high emphasis on maintaining regular health check-ups for all community members – free of cost, and also focuses on animal welfare for farmers
5.5. Good health and well being
- Parker-Hannifin Corporation works towards improving the living standards and quality of life of communities it engages with
- For farmers, Parker-Hannifin Corporation has also improved farm economics
- Parker-Hannifin Corporation works towards protecting the children in the supply chain processes, as well as creates diverse livelihood opportunities for adults
5.6. Quality education
- Parker-Hannifin Corporation provides a hands-on learning opportunity for young adults from local communities through internship opportunities
- Parker-Hannifin Corporation also sponsors various scholarship programs for different grade levels in communities where it is operations
- Parker-Hannifin Corporation has inaugurated primary schools in three different regions where it has operations – in rural settlements – as a step towards achieving quality education for all.
Warning! This article is only an example and cannot be used for research or reference purposes. If you need help with something similar, please submit your details here.
Related Articles
- Parker Hannifin Corporation 5C Marketing Analysis
- The vision statement of Parker Hannifin Corporation
- Organizational Culture of Parker Hannifin Corporation
- Parker Hannifin Corporation Generic and Intensive Growth Strategies
- Marketing Mix Parker Hannifin Corporation
- Parker Hannifin Corporation PESTEL & Environment Analysis
- Parker Hannifin Corporation Porter Five Forces Analysis
- Parker Hannifin Corporation SWOT Analysis / SWOT Matrix
- Value Chain Analysis Of Parker Hannifin Corporation
- Marketing Strategy Of Parker Hannifin Corporation
- Parker Hannifin Corporation Case Solution
- Ansoff Matrix of Parker Hannifin Corporation
- Blue Ocean Strategy of Parker Hannifin Corporation
- Hofstede Cultural Model of Parker Hannifin Corporation
- Porters Diamond Model of Parker Hannifin Corporation
- Mckinsey 7s Framework Of Parker Hannifin Corporation
- Resource Based View Of The Firm - Parker Hannifin Corporation
- VRIN/VRIO Analysis Of Parker Hannifin Corporation
- Net Present Value (NPV) Analysis of Parker Hannifin Corporation
- WACC for Parker Hannifin Corporation
Ella Boaz
5.0
The essay that this service provided to me was really excellent. I would highly recommend this assignment writing service to my friends. Thanks a lot!
Cooper Arthur
5.0
I’m pleased with communication program. I conveyed everything about the Term Paper and got a fine paper. A great deal of thanks!
Ruby Lachlan
5.0
Always on time and always with what I instructed for. Very very affordable prices as well.
Lucy Adam
5.0
I reject all negative reviews and assert that this service is real and unparalleled for the assignments. Thanks a lot!
Brandon Noah
5.0
This service is very helpful and I got quality work. Thanks a lot!
Daniel Bettina
5.0
I think there is no need to look for something else because this company is unique in the case of quick delivery. Thank you!
Next Articles
- 4651-PulteGroup-Inc-Corporate-Social-Responsibility
- 4652-Preformed-Line-Products-Company-Corporate-Social-Responsibility
- 4653-Pentair-plc-Corporate-Social-Responsibility
- 4654-Pope-Resources-A-Delaware-Limited-Partnership-Corporate-Social-Responsibility
- 4655-Powell-Industries-Inc-Corporate-Social-Responsibility
- 4656-Pioneer-Power-Solutions-Inc-Corporate-Social-Responsibility
- 4657-Primoris-Services-Corporation-Corporate-Social-Responsibility
- 4658-Proto-Labs-Inc-Corporate-Social-Responsibility
- 4659-Quanta-Services-Inc-Corporate-Social-Responsibility
- 4660-Quest-Resource-Holding-Corporation-Corporate-Social-Responsibility
Previous Articles
- 4649-PGT-Innovations-Inc-Corporate-Social-Responsibility
- 4648-Ply-Gem-Holdings-Inc-Corporate-Social-Responsibility
- 4647-P-F-Industries-Inc-Corporate-Social-Responsibility
- 4646-Perma-Fix-Environmental-Services-Inc-Corporate-Social-Responsibility
- 4645-Potlatch-Corporation-Corporate-Social-Responsibility
- 4644-Patrick-Industries-Inc-Corporate-Social-Responsibility
- 4643-OSI-Systems-Inc-Corporate-Social-Responsibility
- 4642-Orion-Group-Holdings-Inc-Corporate-Social-Responsibility
- 4641-Ocean-Power-Technologies-Inc-Corporate-Social-Responsibility
- 4640-Omega-Flex-Inc-Corporate-Social-Responsibility
Be a Great Writer or Hire a Greater One!
Academic writing has no room for errors and mistakes. If you have BIG dreams to score BIG, think out of the box and hire Essay48 with BIG enough reputation.
Our Guarantees
Interesting Fact
Most recent surveys suggest that around 76 % students try professional academic writing services at least once in their lifetime!