Otis Awarded Gold Medal Sustainability Recognition From EcoVadis

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Otis Worldwide (NYSE:OTIS) has achieved a gold rating from EcoVadis, a global sustainability rating platform, for the third consecutive assessment. This places Otis in the top 5% of over 130,000 evaluated companies.

The EcoVadis assessment evaluates companies across 21 criteria in four key areas: Environment, Labor and Human Rights, Ethics, and Sustainable Procurement. The gold rating validates Otis' commitment to sustainable practices and its alignment with business objectives, particularly important for procurement decisions.

As the world's leading elevator and escalator company, Otis moves 2.3 billion people daily and maintains approximately 2.3 million customer units worldwide. The company has also received recognition as one of America's Greenest Companies, World's Most Trustworthy Companies, World's Best Employers, America's Most Responsible Companies, and World's Most Admired Companies.

NORTHAMPTON, MA / ACCESSWIRE / December 10, 2024 / Otis Worldwide Corporation (NYSE:OTIS) earned a gold rating this year from EcoVadis, a global sustainability rating platform. This is the third straight assessment in which Otis obtained the gold rating - ranking in the top 5% of the more than 130,000 companies assessed by EcoVadis.

"This EcoVadis gold rating represents our work to advance our sustainability programs in alignment with our business objectives," said Caroline Coursant, Otis Vice President of ESG. "Many of our customers consider this a key metric as they make procurement decisions. Receiving a gold rating for the third year in a row demonstrates that we continue to pursue and execute on sustainable strategies that drive value for key stakeholders, including our colleagues, customers, partners and shareholders."

The EcoVadis rating system uses 21 criteria to measure companies' efforts across four areas of corporate social responsibility and sustainability: Environment, Labor and Human Rights, Ethics, and Sustainable Procurement. As more companies look to existing and potential suppliers' sustainability programs to achieve their Environmental, Social and Governance (ESG) goals, many use EcoVadis to provide a reliable assessment for their procurement practices. A strong EcoVadis score demonstrates a company's strong sustainability performance and commitments and comprehensive management systems.

ESG is integral to setting Otis' long-term vision in motion and is embedded in the company's long-term business strategy. We are intentional in our approach identifying opportunities to manage our impact on the world while aligning our products and services with our stakeholders' expectations and aspirations.

This latest recognition from EcoVadis is testament to Otis' longstanding commitment to its global stakeholders. Other recent recognitions include being named among America's Greenest Companies, World's Most Trustworthy Companies, World's Best Employers, America's Most Responsible Companies and World's Most Admired Companies.

For more information on Otis' ESG strategies, goals and actions, please read the latest Otis ESG report.

About Otis
Otis is the world's leading elevator and escalator manufacturing, installation and service company. We move 2.3 billion people a day and maintain approximately 2.3 million customer units worldwide, the industry's largest Service portfolio. 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 worldwide. For more information, visit www.otis.com and follow us on LinkedIn, Instagram and Facebook @OtisElevatorCo.

View additional multimedia and more ESG storytelling from Otis Worldwide Corporation on 3blmedia.com.

Contact Info:
Spokesperson: Otis Worldwide Corporation
Website: https://www.3blmedia.com/profiles/otis-worldwide-corporation
Email: info@3blmedia.com

SOURCE: Otis Worldwide Corporation

View the original press release on accesswire.com

FAQ

What EcoVadis rating did Otis (OTIS) receive in 2024?

Otis received a gold rating from EcoVadis in 2024, placing them in the top 5% of over 130,000 assessed companies.

How many consecutive gold ratings has Otis (OTIS) received from EcoVadis?

Otis has received the EcoVadis gold rating for three consecutive assessments.

What areas does EcoVadis evaluate in its assessment of Otis (OTIS)?

EcoVadis evaluates companies across 21 criteria in four areas: Environment, Labor and Human Rights, Ethics, and Sustainable Procurement.

How many people does Otis (OTIS) serve daily worldwide?

Otis moves 2.3 billion people daily and maintains approximately 2.3 million customer units worldwide.