GHG Emissions - April 6, 2022
Otis Worldwide Updates 2030 Goals
Otis Worldwide Corp. announced a target is to reduce its Scope 1 and 2 emissions 50% by 2030. The company has already achieved a 7% reduction in Scope 1 and Scope 2 emissions versus its 2019 baseline.
Otis launched its first Environmental, Social and Governance (ESG) Report as an independent company. The report provides updates on its 13 ESG targets – each aligned with select United Nations Sustainable Development Goals and makes disclosures to the Global Reporting Initiative (GRI) standard and against the Sustainability Accounting Standards Board (SASB) and Task Force on Climate-Related Financial Disclosures (TCFD) frameworks.
"At Otis, we give people freedom to connect and thrive in a taller, faster, smarter world. Our first ESG report demonstrates how we're setting this vision in motion and bringing our purpose to life through actions such as focusing on reducing our greenhouse gas emissions, expanding our STEM-focused Made to Move Communities™ signature social impact program and advancing Diversity, Equity & Inclusion programs globally," said Otis CEO Judy Marks in a statement. "ESG is embedded in our strategy, culture and programs, and we are committed to continue moving these initiatives forward as we drive value for all our stakeholders."
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