Otis Elevator

Otis Elevator, a US-headquartered company in Elevator and Moving Stairway Manufacturing, reported its total greenhouse gas emissions for 2025 as approximately 12.3 billion kg CO2e. This figure includes Scope 1 emissions of about 119.25 million kg CO2e and Scope 2 emissions (market-based) of around 20.46 million kg CO2e. The majority of their emissions stem from Scope 3, totalling approximately 12.2 billion kg CO2e. Key contributors to Scope 3 emissions include the use of sold products, accounting for about 6.6 billion kg CO2e, and purchased goods and services, at around 4.8 billion kg CO2e.

Looking at previous years, Otis Elevator's total emissions were approximately 13.77 billion kg CO2e in 2024 and about 15.66 billion kg CO2e in 2023. In 2021, the company's total emissions were approximately 17.29 billion kg CO2e.

Otis Worldwide Corp, the source organization for their climate commitments, has set Science Based Targets initiative (SBTi) approved targets. They are committed to reducing absolute Scope 1 and 2 greenhouse gas emissions by 55% by 2033, against a 2021 base year. Additionally, they aim to reduce absolute Scope 3 GHG emissions from purchased goods and services, business travel, and use of sold products by 33% within the same timeframe. These targets cover biogenic land-related emissions and removals from bioenergy feedstocks. The targets covering Scope 1 and 2 emissions are consistent with reductions required to keep warming to 1.5°C.