Science Based Targets initiative Approves Otis Targets for Reducing Greenhouse Gas Emissions [Yahoo! Finance]
Otis Worldwide Corporation (OTIS)
Company Research
Source: Yahoo! Finance
service company, announced that the Science Based Targets initiative (SBTi) has approved its near-term science-based greenhouse gas (GHG) emissions reduction targets. Otis' SBTi-approved targets are: Reduce absolute scope 1 and 2 GHG emissions 55% by 2033 from a 2021 base year. Reduce absolute scope 3 GHG emissions from purchased goods and services, business travel, and use of sold products 33% within the same timeframe. These targets demonstrate the company's commitment to meeting the objective of the Paris Agreement to limit global warming to no more than 1.5 degrees Celsius above pre-industrial levels. "We are responsible for delivering sustainable value for all stakeholders. At Otis, ESG is firmly embedded in our business strategy and culture. We see it as a critical investment in our future, driving innovation and making our business stronger and more resilient," said Otis Chair, CEO and President Judy Marks . "This approval from SBTi is an important milestone in our su
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OTIS
Earnings
- 4/24/24 - Beat
OTIS
Sec Filings
- 5/2/24 - Form DEFA14A
- 4/25/24 - Form 10-Q
- 4/24/24 - Form 8-K
- OTIS's page on the SEC website