OTIS WORLDWIDE CORP is a leading global manufacturer and service provider of elevators, escalators, and moving walkways. The company is headquartered in Farmington, Connecticut, and has operations in over 200 countries, employing more than 69,000 people worldwide. OTIS is committed to sustainability and has taken several initiatives towards decarbonisation, corporate energy, corporate PPA, and renewable energy.

Decarbonisation is the process of reducing carbon emissions to mitigate climate change. OTIS is committed to reducing its carbon footprint by implementing sustainable practices in its operations. The company has set a target to reduce its greenhouse gas emissions by 25% by 2025. To achieve this, OTIS has implemented several initiatives such as energy-efficient designs, reducing waste, and increasing the use of renewable energy.

Corporate energy is the energy consumed by a company in its operations. OTIS has implemented several measures to reduce its energy consumption and improve energy efficiency. The company has developed an energy management system that monitors and controls energy consumption in its facilities. OTIS has also implemented energy-efficient designs in its elevators and escalators, reducing energy consumption by up to 75%.

Corporate PPA (Power Purchase Agreement) is a contract between a company and a renewable energy supplier. OTIS has signed several corporate PPAs to purchase renewable energy for its operations. In 2019, the company signed a 15-year PPA with a wind farm in Texas, which will provide 100% of the electricity needed for its operations in the United States. OTIS has also signed PPAs for solar energy in India and wind energy in Spain.

Renewable energy is energy generated from natural resources such as sunlight, wind, and water. OTIS is committed to increasing its use of renewable energy in its operations. The company has set a target to source 100% of its electricity from renewable sources by 2030. OTIS has implemented several initiatives to achieve this target, such as signing corporate PPAs, installing solar panels on its facilities, and using energy-efficient designs in its elevators and escalators.

OTIS has also developed several innovative products and services to support decarbonisation and renewable energy. The company has developed regenerative drives for its elevators and escalators, which capture energy generated during braking and reuse it to power the system. OTIS has also developed a smart energy management system that optimises energy consumption in its elevators and escalators.

In addition to its sustainability initiatives, OTIS is also committed to social responsibility. The company has implemented several initiatives to support local communities, such as providing education and training programs for young people and supporting disaster relief efforts.

In conclusion, OTIS WORLDWIDE CORP is a leading global manufacturer and service provider of elevators, escalators, and moving walkways. The company is committed to sustainability and has taken several initiatives towards decarbonisation, corporate energy, corporate PPA, and renewable energy. OTIS has set ambitious targets to reduce its carbon footprint and increase its use of renewable energy. The company has also developed innovative products and services to support sustainability and social responsibility.