A Message From Judy Marks, Chair, Chief Executive Officer and President at Otis Worldwide - Seite 2

In this report, we are pleased to share initiatives and progress toward our 13 ESG goals and our commitment to foster a more sustainable, inclusive world. We aim to transparently provide updates toward our goals while celebrating important milestones.

Among the updates in this report:

• Health & Safety: We remain committed to achieving a zero-harm workplace and launched Field Standard Practices to identify, track and rectify areas of high-risk work activities. If an incident does occur, we perform extensive root-cause analyses to make improvements and help prevent recurrence.
• Environment & Impact: In a first for the elevator industry, our Florence, South Carolina, U.S., facility achieved gold-level TRUE certification for its zero-waste efforts. And we built a new factory in San Sebastian, Spain, that used certain sustainable construction materials and is powered by electricity generated from 100% renewable resources.
• People & Communities: We launched a set of programs to support us in accelerating development of diverse talent, female leadership and our culture of inclusion. These programs are helping us ensure that our workforce reflects the communities we serve. We are on a responsible and sustainable path to reach gender parity in our executive ranks by 2030, having increased female executive representation from 36% in 2021 to 39.2% in 2022.
• Governance & Accountability: Members of our Board of Directors are deeply experienced senior executives across sectors that include asset management, automotive, consumer products, manufacturing and professional services. We seek to enhance Board diversity in other dimensions as well. With the addition of our newest Board member in October 2022, six of our 10 members are women, racially/ethnically diverse or both.

As we continuously work to advance our strategy, culture and ESG goals, we are doing so from a position of strength. I am confident that in this report you, our stakeholders, will see tangible progress toward limiting carbon emissions, reducing and reusing energy, promoting equity, inclusivity and diversity, and providing opportunities for all. We look forward to continuing our ESG journey alongside you.