A Message From Judy Marks, Chair, Chief Executive Officer and President at Otis Worldwide

Originally published in Otis 2022 ESG Report

NORTHAMPTON, MA / ACCESSWIRE / June 6, 2023 / Our vision, as industry leader, is to give people freedom to connect and thrive in a taller, faster, smarter world. We embrace the responsibility to honor the generations that came before us, to deliver for the generations of today and to sponsor the generations that come after us. It is about doing the right thing for our planet, customers, colleagues, shareholders, and the communities where we live and work.

Environmental, Social and Governance (ESG) is part of our culture, integral to setting our vision in motion and embedded in our long-term strategy. It is no coincidence that the principles of ESG align well with the foundation of our business: our Absolutes of Safety, Ethics and Quality.

Safety was core to our beginnings 170 years ago and remains a top priority in our work today - for colleagues who design, install or service our elevators and escalators and for the 2 billion passengers who ride on them daily. Our reputation is paramount, and we uphold the highest standards of Ethics through strong governance and a spirit of integrity - always doing business the right way. We believe that all of us "own" Quality. We deliver quality results at every turn across our production, installation, and maintenance and repair processes as well as sales, marketing and financial reporting.

Our business success requires continuous growth and improvement, and ESG is an area where we and our stakeholders rightly expect progress. Last year, in our inaugural ESG report as an independent company, we made clear our dedication to the four pillars that are fundamental to our ESG strategy: Health & Safety, Environment & Impact, People & Communities, and Governance & Accountability. We hold ourselves accountable with the added step of tying executive short-term incentive compensation to ESG goal performance - specifically, achieving gender parity among executives and managing our environmental footprint to reduce greenhouse gas emissions. ESG advancement is embedded in our success through strong financial results and the impact we make in the communities where we do business.