Otis Elevator
Otis Elevator Company, a global leader in the elevator and escalator industry, is headquartered in the United States. Founded in 1853, Otis has a rich history marked by innovation, including the introduction of the safety elevator, which revolutionised vertical transportation. The company operates extensively across North America, Europe, and Asia, providing cutting-edge solutions for both residential and commercial buildings. Otis is renowned for its core products, including elevators, escalators, and moving walkways, all designed with advanced technology and a focus on safety and efficiency. Their unique offerings, such as the Gen2® elevator system, exemplify their commitment to sustainability and energy efficiency. With a strong market position, Otis continues to achieve notable milestones, maintaining a reputation for reliability and excellence in the vertical transportation sector.
DitchCarbon Score
How does Otis Elevator's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Transport Equipment Manufacturing industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Otis Elevator's score of 84 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Otis Elevator's reported carbon emissions
In 2024, Otis Elevator reported total greenhouse gas emissions of approximately 13,814,955,000 kg CO2e. This figure includes Scope 1 emissions of about 112,058,000 kg CO2e, which comprise mobile combustion and fugitive emissions, and Scope 2 emissions of approximately 26,800 kg CO2e. The majority of their emissions fall under Scope 3, amounting to about 13,667,865,000 kg CO2e, which includes categories such as the use of sold products and purchased goods and services. Comparatively, in 2023, Otis Elevator's total emissions were about 15,641,674,000 kg CO2e, with Scope 1 emissions at approximately 112,875,000 kg CO2e and Scope 2 emissions around 32,492,000 kg CO2e. The Scope 3 emissions for that year were about 15,487,246,000 kg CO2e. Otis has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 greenhouse gas emissions by 55% by 2033 from a 2021 base year. Additionally, they plan to cut Scope 3 emissions by 33% within the same timeframe. These targets are aligned with the Science Based Targets initiative (SBTi) and are designed to support the global effort to limit warming to 1.5°C. Overall, Otis Elevator is actively working towards significant emissions reductions while maintaining transparency in their reporting and commitments.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 142,700,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 80,400,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000 |
| Scope 3 | - | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Otis Elevator is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
