Otis Korea Manufacturing & Engineering Center Obtains ISO 50001 Certification

Otis Korea Manufacturing & Engineering Center Located in Songdo, Incheon

• Also successfully renews ISO 14001 certification, first received in 2021

Otis Elevator Korea (hereafter, Otis Korea, CEO Ikseo Cho) has announced that its Manufacturing & Engineering Center has obtained ISO 50001 certification - the global energy-management systems standard for establishing, implementing, maintaining and improving energy management. With this latest milestone, Otis now has 11 manufacturing factories with ISO 50001 certification. Otis Korea is a subsidiary of Otis Worldwide Corporation (NYSE: OTIS), the world’s leading elevator and escalator manufacture, installation and servicing company.

During the certification process, a comprehensive energy review of the facilities was conducted. New manuals that comply with ISO standards were implemented, and the system was built and managed with ongoing efforts to identify and address areas to enhance energy performance.

Otis Korea Operation Business Division's Byeong-Min Cho said: We are proud to have received this ISO 50001 certification, thanks to the focus and rigorous efforts from many colleagues. Our ISO 50001 factory certification effort is part of our ongoing efforts to reduce greenhouse gas emissions in line with our published ESG goals.

The center also successfully renewed its certification for ISO 14001, the environmental management systems certification. It first received its ISO 14001 certification in 2021, in line with Otis' published ESG goal of completing ISO 14001 certification for all Otis factories by 2025. Otis achieved this goal several years ahead of schedule, demonstrating effective environmental management of its factories.

For more information on our environmental efforts and management systems, please see our latest ESG Report.

About Otis

Otis gives people freedom to connect and thrive in a taller, faster, smarter world. The global leader in the manufacture, installation and servicing of elevators and escalators, we move 2.3 billion people a day and maintain approximately 2.3 million customer units worldwide – the industry's largest Service portfolio. You’ll find us in the world's most iconic structures, as well as residential and commercial buildings, transportation hubs and everywhere people are on the move. Headquartered in Connecticut, USA, Otis is 71,000 people strong, including 42,000 field professionals, all committed to meeting the diverse needs of our customers and passengers in more than 200 countries and territories. To learn more, visit www.otis.com and follow us on LinkedIn, Instagram and Facebook @OtisElevatorCo