Otis Worldwide Corp.
Industry Group: Machinery
Country/Region: United States of America
Identifier: NYS:OTIS
Otis is the largest global elevator and escalator supplier by revenue with around 18% global market share. In 1854 Otis’ founder and namesake Elisha Graves Otis, invented a safety mechanism that prevented elevators from falling if the hoisting cable failed. The company's product and service lifecycle begins with installations of elevator units in new buildings, later selling maintenance services on the units, and eventually replacement of the units after the average 15- to 20-year useful life of an elevator. As the largest global OEM, Otis has amassed an installed base under service that exceeds 2 million elevators. Its business model is similar to that of its closest competitors Kone, Schindler, and TK Elevator.
ESG Risk Rating
Ranking
Industry Group (1st = lowest risk)
Machinery 33 out of 571
Universe
Global Universe 3694 out of 15080
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Industry Comparison
| Company | ESG Risk Rating | Industry Rank |
|---|---|---|
| Ingersoll Rand, Inc. |
10.6
Low
|
3 out of 571 |
| Otis Worldwide Corp. |
18.8
Low
|
33 out of 571 |
| Schindler Holding AG |
19.7
Low
|
49 out of 571 |
| Emerson Electric Co. |
22.8
Medium
|
104 out of 571 |
| Mitsubishi Heavy Industries, Ltd. |
26.4
Medium
|
192 out of 571 |
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Our Approach to Calculating ESG Risk
The ESG Risk Ratings measure a company's exposure to industry-specific material ESG risks and how well a company is managing those risks.
Exposure
Exposure refers to the extent to which a company is exposed to different material ESG issues. Our exposure score takes into consideration subindustry and company-specific factors such as its business model.
Management
Management refers to how well a company is managing its relevant ESG issues. Our management score assesses the robustness of a company's ESG programs, practices and policies.
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Top Material ESG Issues for Otis Worldwide Corp.
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Controversy Rating
Highest Controversy level that has impacted Otis Worldwide Corp.'s ESG Risk Rating in the last three years
Highest Controversy Level
Contributing Events
Highest Controversy Events Locations
