Otis Elevator Sustainability Profile
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 95% 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 carbon emissions of approximately 13,814,955,000 kg CO2e, a decrease from about 15,641,674,000 kg CO2e in 2023. The emissions breakdown includes Scope 1 emissions of about 112,678,000 kg CO2e, Scope 2 emissions of approximately 26,800 kg CO2e, and significant Scope 3 emissions totalling around 13,667,865,000 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 baseline. Additionally, the company targets a 33% reduction in absolute Scope 3 emissions, which encompass emissions from purchased goods and services, business travel, and the use of sold products, also by 2033. 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. The company’s emissions data is sourced directly from Otis Worldwide Corporation, with no cascaded data from parent or related organizations. Otis is committed to transparency in its emissions reporting and reduction strategies, reflecting its dedication to sustainability within the electrical equipment and machinery sector.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 144,500,000 | 000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 84,700,000 | 00,000 | 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 |
How Carbon Intensive is Otis Elevator's Industry?
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Otis Elevator's Scope 3 Categories Breakdown
Otis Elevator's Scope 3 emissions, which decreased by 12% last year and decreased by approximately 21% since 2021, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 63% of Scope 3 emissions.
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Otis Elevator's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Otis Elevator has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
