Otis gives people the freedom to connect and thrive in an ever-changing world. Our first ESG Report demonstrates how we are setting this vision in motion. We bring our purpose to life through actions like reducing greenhouse gas emissions and expanding STEM-focused initiatives. Made to Move CommunitiesOtis Chair &CEO stated, “Signaling social impact program and advancing Diversity, Equity & Inclusion (globally)” Judy Marks. “ESG is an integral part of our strategy and culture. We are committed in advancing these initiatives as we create value for all stakeholders.”
Otis conducted a thorough materiality assessment last year to identify which ESG topics were most important to it and its stakeholders. The company then set measurable goals for and took strategic actions in relation to its four ESG focus areas, Health & Safety; Environment & Impact; People & Communities; Governance & Accountability. Otis’ progress towards its ESG targets will be shown through 2021.
- Four years ahead of the target, all global factories have achieved ISO 14001 certification.
- Scope 1 & Scope 2 emissions are down 7% from their baseline in 2019. Otis’ goal is to reduce its Scope 1 & Scope 2 emissions by 50% by 2030.
- Reaching its annual goal of educating 100 percent of Otis field workers and subcontractor firms in Otis’ life-saving Cardinal Rules.
- 78% of Otis colleagues around the world have access to an Employee Assistance Program. Otis now aims to have 100% coverage for its global colleagues by 2022, one year ahead from its original goal.
- Globally, 36% of executive level positions are held by women. Otis was Signing the first industry standard in its fieldParadigm for Parity has made a gender parity commitment to its executive ranks and aims to achieve gender parity by 2030.
- Achieving its annual >20% target of U.S supplier spend to diverse suppliers*
Otis also became a member of the 2021 ESG milestones. Signatory to the U.N. Global Compact, completed its first CDP disclosing, and launched the second-year of Made to Move Communities. The winners of this challenge are announced in April 2022.
You can find the complete ESG Report here www.otis.com www.otisinvestors.com
* Diverse supplier is defined as a minority owned, small businesses and/or operating in an economically-challenged zone.
About Otis
Otis is the global leader in elevator and escalator manufacturing and installation. We move over 2 billion people per day and maintain more that 2.1 million customer units worldwide. This is the industry’s largest Service portfolio. Headquartered here Connecticut, USAOtis employs over 70,000 people, with 41,000 field professionals. They are committed to meeting the diverse requirements of our passengers and customers in more 200 countries and territories around the globe. Visit this website for more information www.otis.comFollow us on LinkedIn, Instagram, Facebook Twitter@OtisElevatorCo.
Cautionary Statement
This release contains forward looking statements (including statements made under the securities law as forward-looking statements). These statements include statements regarding our intention to achieve certain goals, targets, and environmental plans. These forward-looking statements reflect management’s current expectations and plans for our future operating performance. They are based on assumptions currently believed valid. Forward-looking statements involve risks and uncertainties. Future results of operations could be materially different from the historical results or expectations expressed in such forward-looking statement. Future events, risks, uncertainties and factors could cause forward-looking statements to differ materially from what we expect or have previously predicted. These include changes in regulations and laws; severe weather events including the effects of climate change; difficulties in developing, producing, delivery, support, performance and realizing the anticipated benefits of advanced technology and new products and services; and other risks and uncertainties that are detailed in the company’s most current Form 10-K and Form 10-Q, as well as similar sections in other filings the company makes with the Securities and Exchange Commission. These forward-looking statements are only accurate as of the date made. We are not required to publicly revise or update any forward-looking statements except as required by law.
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SOURCE Otis Worldwide Corporation
