Otis Worldwide Corp
Otis Worldwide's GHG Emissions Data Preview
In 2024, 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 11 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 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Unspecified Calculation Method | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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aVerified Sources Behind Otis Worldwide’s Greenhouse Gas (GHG) Emissions Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Otis Worldwide’s data sources below and access millions more through our Disclosure Search.
Insights into Otis Worldwide's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of Otis Worldwide amounted to 153,828 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). a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Otis Worldwide decreased by 1.9%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a
Otis Worldwide's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Otis Worldwide's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Otis Worldwide were 120,275 metric tons of CO₂ equivalent (tCO₂e). a
Has Otis Worldwide reduced its Scope 1 emissions over time?
Since 2019, Otis Worldwide's Scope 1 emissions have decreased by 16.76%, reflecting a declining long-term trend in Scope 1 emissions over time. a c
Compared to the previous year (2023), Otis Worldwide's Scope 1 emissions decreased by 1.36%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a
What are Otis Worldwide's Scope 2 emissions?
In 2024, Otis Worldwide reported Scope 2 greenhouse gas (GHG) emissions of 26,815 tCO₂e using the market-based method and 33,553 tCO₂e using the location-based method. a
Has Otis Worldwide reduced its Scope 2 emissions over time?
Compared to the previous year (2023), Otis Worldwide's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Otis Worldwide 's emissions have plateaued with no significant change in its energy consumption footprint. a
What methodology does Otis Worldwide use for Scope 2 reporting?
In 2024, Otis Worldwide reported its Scope 2 emissions using the market-based method and using the location-based method. a
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 2024, Otis Worldwide reported 13,667,865 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a
The 2024 disclosure of Otis Worldwide includes a breakdown across 11 of the 15 Scope 3 categories defined by the GHG Protocol, up from 3 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chain a
Otis Worldwide's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Otis Worldwide's Scope 3 emissions?
In 2024, Otis Worldwide reported total Scope 3 emissions of 13,667,865 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 35.03% of these emissions originated from upstream activities such as purchased goods and capital goods, while 64.97% came from downstream activities like product use, distribution, and end-of-life treatment. a
Compared to the previous year (2023), Otis Worldwide's Scope 3 emissions increased by 85.19%, suggesting that the company faced challenges in reducing emissions across its value chain. a b
What categories of Scope 3 emissions does Otis Worldwide disclose?
In 2024, Otis Worldwide reported emissions for 11 out of the 15 Scope 3 categories defined by the GHG Protocol. a
This reflects a high level of granularity and transparency in the company's emissions reporting.
What are the main sources of Otis Worldwide's Scope 3 emissions?
In 2024, the largest contributors to Otis Worldwide's Scope 3 emissions were: a
- Use of Sold Products (Cat. 11): 8,595,763 tCO₂e (62.89%)
- Purchased Goods and Services (Cat. 1): 4,335,925 tCO₂e (31.72%)
- End-of-Life Treatment of Sold Products (Cat. 12): 275,030 tCO₂e (2.01%)
Otis Worldwide's Scope 3 Emissions by Categories
Insights into Otis Worldwide’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Otis Worldwide reported Scope 1 greenhouse gas (GHG) emissions of 120,275 tCO₂e and total revenues of USD 14,261 millions. This translates into an emissions intensity of 8.43 tCO₂e per millions USD. a
Otis Worldwide's Scope 1 Emissions Intensity Compared to Peers
How does Otis Worldwide's GHG emissions intensity compare to its peers?
In 2024, Otis Worldwide reported a Scope 1 emissions intensity of 8.43 tCO₂e per millions USD. Compared to the peer group median of 6.7 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a
Where does Otis Worldwide rank on GHG emissions intensity within its industry?
In 2024, Otis Worldwide ranked 16 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
Otis Worldwide is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a
Insights into Otis Worldwide's Total Carbon Footprint
In 2024, Otis Worldwide reported a total carbon footprint of 13,821,693 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 83.37% increase compared to 2023, suggesting a rise in emissions across its operations or value chain. a b
The largest contributor to Otis Worldwide's total carbon footprint was Scope 3 emissions, accounting for 98.89% of the company's total carbon footprint, followed by Scope 1 emissions at 0.87%. a