Otis Worldwide Corp
Otis Worldwide's GHG Emissions Data Preview
In 2023, Otis Worldwide completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy), and Scope 3 (indirect emissions across the value chain).
Otis Worldwide has also provided a category-level breakdown for 3 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 2 | ||||
Market-Based | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Location-Based | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Unspecified Calculation Method | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.
Insights into Otis Worldwide's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of Otis Worldwide amounted to 177,830 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).
Compared to 2022, the total operational greenhouse gas (GHG) emissions of Otis Worldwide decreased by 7.53%, showing that the company has made progress in taking action to reduce the climate impact of its operations.
Otis Worldwide's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Otis Worldwide's Scope 1 emissions?
In 2023, the total Scope 1 emissions of Otis Worldwide were 129,850 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Has Otis Worldwide reduced its Scope 1 emissions over time?
Since 2019, Otis Worldwide's Scope 1 emissions have decreased by 10.14%, reflecting a declining long-term trend in Scope 1 emissions over time.
Compared to the previous year (2022), Otis Worldwide's Scope 1 emissions decreased by 4.44%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.
What are Otis Worldwide's Scope 2 emissions?
In 2023, Otis Worldwide reported Scope 2 greenhouse gas (GHG) emissions of 51,830 tCOâ‚‚e using the market-based method, and 47,980 tCOâ‚‚e using the location-based method.
Has Otis Worldwide reduced its Scope 2 emissions over time?
Compared to the previous year (2022), Otis Worldwide's Scope 2 emissions (Location-Based) fell by 14.98% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.
What methodology does Otis Worldwide use for Scope 2 reporting?
In 2023, Otis Worldwide reported its Scope 2 emissions using the market-based method and using the location-based method.
Otis Worldwide's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
- Total Scope 2 (Unspecified Calculation Method)
Insights into Otis Worldwide's Value Chain Emissions
In 2023, Otis Worldwide reported 7,380,600 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.
The 2023 disclosure of Otis Worldwide includes a breakdown across 3 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.
Otis Worldwide's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Otis Worldwide's Scope 3 emissions?
In 2023, Otis Worldwide reported total Scope 3 emissions of 7,380,600 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Approximately 19.48% of these emissions originated from upstream activities such as purchased goods and capital goods, while 80.52% came from downstream activities like product use, distribution, and end-of-life treatment.
Compared to the previous year (2022), Otis Worldwide's Scope 3 emissions remained relatively stable, indicating that Otis Worldwide 's emissions have plateaued with no significant change in its value chain footprint.
What categories of Scope 3 emissions does Otis Worldwide disclose?
In 2023, Otis Worldwide reported emissions for 3 out of the 15 Scope 3 categories defined by the GHG Protocol.
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
What are the main sources of Otis Worldwide's Scope 3 emissions?
In 2023, the largest contributors to Otis Worldwide's Scope 3 emissions were:
- Use of Sold Products (Cat. 11): 5,942,800 tCOâ‚‚e (80.52%)
- Purchased Goods and Services (Cat. 1): 1,430,800 tCOâ‚‚e (19.39%)
- Business Travel (Cat. 6): 7,000 tCOâ‚‚e (0.09%)
Otis Worldwide's Scope 3 Emissions by Categories
Insights into Otis Worldwide's Total Carbon Footprint
In 2023, Otis Worldwide reported a total carbon footprint of 7,558,430 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 0.98% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.
The largest contributor to Otis Worldwide's total carbon footprint was Scope 3 emissions, accounting for 97.65% of the company's total carbon footprint, followed by Scope 1 emissions at 1.72%.