Otis Elevator

Otis Elevator's reported carbon emissions

### Otis Elevator Carbon Emissions and Climate Commitments Otis Elevator, headquartered in the US, has reported substantial greenhouse gas (GHG) emissions. For the reporting year 2024, the company's total GHG emissions were approximately 13.8 billion kg CO2e. This figure encompasses Scope 1, 2, and 3 emissions. Breaking down the emissions for 2024: * **Scope 1:** Approximately 120.3 million kg CO2e, primarily from mobile combustion and fugitive emissions. * **Scope 2:** Approximately 26.8 million kg CO2e (market-based). * **Scope 3:** Approximately 13.7 billion kg CO2e, with the largest contributions from the use of sold products (approximately 8.6 billion kg CO2e) and purchased goods and services (approximately 4.3 billion kg CO2e). In 2023, Otis's total GHG emissions stood at approximately 15.6 billion kg CO2e. This included Scope 1 emissions of about 112.9 million kg CO2e, Scope 2 market-based emissions of approximately 32.5 million kg CO2e, and Scope 3 emissions totalling around 15.5 billion kg CO2e. Otis Elevator has set ambitious climate targets, aligning with the Science Based Targets initiative (SBTi). The company commits to reducing its absolute Scope 1 and 2 GHG emissions by 55% by 2033, using 2021 as the base year. Furthermore, Otis aims to reduce its absolute Scope 3 GHG emissions by 33% by 2033, also from a 2021 baseline. These targets are considered consistent with limiting global warming to 1.5°C. The data presented is directly attributed to Otis Worldwide Corporation and is not cascaded from a parent organisation.