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 53 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 2023, Otis Elevator reported total carbon emissions of approximately 7,562,280,000 kg CO2e. This figure includes 129,850,000 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources, and 66,830,000 kg CO2e from Scope 2 emissions, related to indirect emissions from the generation of purchased electricity. The majority of their emissions, about 7,380,600,000 kg CO2e, fall under Scope 3, which includes emissions from the entire value chain, such as the use of sold products and purchased goods and services. Otis has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 GHG emissions by 55% by 2033, using 2021 as the baseline year. Additionally, they are targeting a 33% reduction in absolute Scope 3 emissions 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. In previous years, Otis has made progress in emissions reduction, achieving a 7% decrease in Scope 1 and 2 emissions compared to their 2019 baseline. Their ongoing efforts reflect a commitment to sustainability and responsible environmental stewardship within the electrical equipment and machinery sector.
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| 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 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.
