Otis Commits to Setting Science-Based Targets to Reduce Greenhouse Gas Emissions
FARMINGTON, Conn., Nov. 9, 2023 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) today announced its commitment to setting near-term science-based greenhouse gas (GHG) reduction targets, which have been formally submitted to the Science Based Targets Initiative (SBTi) for evaluation.
- FARMINGTON, Conn., Nov. 9, 2023 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) today announced its commitment to setting near-term science-based greenhouse gas (GHG) reduction targets, which have been formally submitted to the Science Based Targets Initiative (SBTi) for evaluation.
- The submission includes proposed GHG emissions reduction targets for Scopes 1, 2 and 3, against a 2021 baseline.
- This SBTi commitment stands as a significant addition to Otis' existing public Environmental, Social and Governance (ESG) objectives and underscores Otis' dedication to combat climate change with decisive and principled action.
- It defines and promotes best practices in science-based target setting, offers resources and guidance to reduce barriers to adoption, and independently assesses and approves companies' targets.