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 40 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Otis Elevator's reported carbon emissions
In 2023, Otis Elevator reported total greenhouse gas emissions of approximately 7,562,280,000 kg CO2e, with emissions from Scope 1 at about 129,850,000 kg CO2e, Scope 2 at approximately 51,830,000 kg CO2e, and Scope 3 emissions reaching around 7,380,600,000 kg CO2e. This reflects a slight increase in total emissions compared to 2022, where total emissions were about 7,489,340,000 kg CO2e. Otis has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 greenhouse gas emissions by 55% by 2033, using 2021 as the baseline year. Additionally, the company targets a 33% reduction in absolute Scope 3 emissions, which include emissions from purchased goods and services, business travel, and the use of sold products, within the same timeframe. These targets align with the Science Based Targets initiative (SBTi) and are designed to contribute to limiting global warming to 1.5°C. Overall, Otis Elevator's commitment to reducing its carbon footprint demonstrates a proactive approach to addressing climate change within the electrical equipment and machinery sector.
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Add to project| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 142,700,000 | 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 |
| Scope 3 | - | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
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 committed to some reduction initiatives 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.
