Otis Worldwide Corp

Common Name
Otis Worldwide
Country
United States
Sector
Industrials
Industry
Specialty Industrial Machinery
Employees
72,000
Ticker
OTIS
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Otis Worldwide Corporation is a leading global manufacturer specializing in the development, production, installation, and service of elevators, escalators, and moving walkways. Founded in 1853 and he...

Otis Worldwide Waste Data Preview

In 2023, Otis Worldwide conducted an environmental assessment and disclosed corporate waste management data in accordance with recognized sustainability reporting standards. The company provided a breakdown of its waste by type (hazardous vs non-hazardous) and treatment method (recovery vs disposal), enabling greater transparency into its waste handling and environmental practices.

Metric (tonnes)2024202320222021 - 2017
Total Waste Generated
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Total Waste Recovered
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Total Hazardous Waste Generated
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Non-Hazardous Waste Disposed
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This table provides a simplified preview of selected waste data points. To access the complete dataset with full disclosures and structure, create a free account to purchase the full dataset.

Insights into Otis Worldwide's Waste Treatment Practices

In 2023, Otis Worldwide generated a total of 18,380 metric tonnes of waste.

Of this amount, 97.93% of Otis Worldwide's total waste generated was recovered through methods such as recycling, reuse, or composting, while 2.07% was disposed of through landfilling, incineration, or combustion.

Otis Worldwide's Waste Recovery Rate

98%

How much of Otis Worldwide's waste is recycled or recovered?

In 2023, Otis Worldwide reported a total waste generation of 18,380 metric tonnes, of which 97.93% was recovered through recycling, reuse, or composting. This high recovery rate suggests that Otis Worldwide has implemented strong circular economy practices and actively prioritizes sustainable waste management.

Has Otis Worldwide reduced its environmental waste footprint over time?

Since 2019, Otis Worldwide's total waste generation decreased by 6.18%, including a further 3.92% drop in 2023, highlighting a consistent and deliberate reduction in waste production over time.

Over the same period, Otis Worldwide's waste recovery rate increased by 16.09%.

Otis Worldwide’s Waste Recovery vs. Disposal Over Time

2022202305 k10 k15 k20 ktonnes
  • Total Waste Disposed
  • Total Waste Recovered

Insights into Otis Worldwide’s Generation of Hazardous and Non-Hazardous Waste

In 2023, Otis Worldwide generated a total of 18,380 metric tonnes of waste.

Of this amount, 0.76% of Otis Worldwide's total waste generated of was classified as hazardous waste, characterized by properties such as toxicity, flammability, corrosiveness, or reactivity that may pose risks to human health, ecosystems, or the environment. 99.24% was identified as non-hazardous waste, generally considered less harmful and subject to lighter regulatory controls.

Otis Worldwide’s Hazardous vs Non-Hazardous Waste Over Time

2019202020212022202305 k10 k15 k20 ktonnes
  • Total Non-Hazardous Waste Generated
  • Total Hazardous Waste Generated

How Otis Worldwide reduced the environmental impact of its waste?

Since 2019, Otis Worldwide's total waste generation decreased by 6.18%, with an additional 3.92% decline in 2023, suggesting a consistent and deliberate effort to minimize waste generation at the source.

Over the same period, the share of hazardous waste in Otis Worldwide's total output increased by 35.92%, including a further 1.17% rise in 2023, suggesting a troubling upward shift toward more environmentally harmful waste streams that could raise compliance costs and environmental risks.

Overall, Otis Worldwide's waste and hazardousness trends are mixed or inconclusive. A more detailed review of its materials, industry standards, and operational changes would help clarify the net environmental impact of its waste strategy.

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