ESG at Otis | Environmental, Social & Governance
Environmental, Social & Governance
ESG at Otis
VIEW ESG REPORT (PDF)
Connections create a better world
Over the last 170 years, Otis has helped to transform cities, shape skylines and change how people live and work. We connect people to one another and the places they need to go – we bring the world together. As we look to the future, we must ensure that the connections we help to make, whether personal, physical or technological, are inclusive, smart, sustainable and ethical. We created our Environmental, Social & Governance (ESG) program to measure our progress against these high standards and focus on four key areas of our business.
Health & Safety
We are in the life-safety business. We prioritize the health and safety of our colleagues, contractors and our passengers through the equipment and materials we use and the practices that guide us every day.
Environment & Impact
We are taking a holistic approach to managing our environmental footprint, including ambitious goals to reduce energy consumption, emissions and waste across our facilities and our fleet.
We continue to develop efficient, sustainable products that reduce customer costs and environmental impact.
People & Communities
We are fostering a culture that embraces many voices and points of view, and we support our people with training and professional development.
We engage the communities around us by supporting causes and projects that make a tangible difference.
Governance & Accountability
We hold ourselves to the highest standards of ethics, integrity and transparency in everything we do. This includes how we operate our business, what we expect of our suppliers and partners, how we communicate with our customers and passengers, and how we compete in the marketplace.
Commit
to achieve a zero-harm workplace
Expand
availability of well-being and resilience services to all colleagues worldwide through an Employee Assistance Program (EAP) by 2023
Educate
all field professionals and subcontractors annually on lifesaving Cardinal Rules
Achieve
a 50% reduction of Scope 1 and Scope 2 emissions by 2030
Reach
carbon neutrality for factory electricity by 2030
Achieve
100% factory eligibility for zero-waste-to-landfill certification by 2025
Complete
ISO 14001 certification for all factories by 2025
Achieve
gender parity in our executive ranks by 2030
Increase
colleague favorability for the inclusive culture category in the company’s engagement survey by 4 percentage points by 2025 (against a 2020 baseline of 71% favorability)
Direct
50% of total global giving to science, technology, engineering and math (STEM) programs by 2025
Impact
15,000 students globally through STEM-focused programming across the learning and vocational training continuum to improve livelihoods and help build the workforce of tomorrow by 2030
Dedicate
500,000 colleague volunteer hours in support of vibrant communities, STEM education and social equity efforts globally by 2030
Award
at least 20% of U.S. supplier spend annually to diverse suppliers
Now more than ever, I believe it's our responsibility to honor the generations that came before us, to sponsor the generations that come after us, and to deliver for the generations that are here today.
-Judy Marks, Chair, Chief Executive Officer and President
Environmental, Social & Governance Report
The principles of ESG have been embedded in our strategy and culture for decades. In 2021, we became a signatory of the United Nations Global Compact and set public commitments that align with the U.N.’s Sustainable Development Goals. We’ve outlined a clear strategy with ambitious goals and bold initiatives. Read more about our progress in our latest ESG report.
