Otis Worldwide (Otis Elevators)

Connecticut
Capital Goods, Technology Hardware and Equipment

Corprate Bias Ratings

Risk Level:

Rating - Caution
Medium Risk

Otis vets vendors according to LGBTQ/ESG/DEI policies and does not provide its employees with protections against viewpoint discrimination, but has not publicly terminated business relationships based on views or beliefs. The company covers the cost of "medically necessary transition-related care” for its employees and their children. Otis has implemented several internal DEI strategies, including unconscious bias trainings and company-wide reviews of "anti-racist" and gender ideology practices. Otis funds the National Urban League and aligns executive incentive compensation with ESG strategy. However, Otis has not used its PAC for ideological purposes or discriminated against religious organizations in its charitable giving. For these reasons, Otis Elevator receives a Medium Risk rating.

Criteria
Risk Level
Rationale
Corporate Weaponization
Criteria

Has denied service to customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level
Rationale

Otis has not publicly fired customers, suppliers, or vendors based on political views or religious beliefs. Otis has received a score of 100 on the Corporate Equality Index from the Human Rights Campaign. Among other requirements, this means the company has a written policy pledging to vet vendors for LGBTQ policies (1)(2). Otis incorporates ESG into all of its business practices. Otis aims to “award at least 20% of U.S. supplier spend annually to diverse suppliers” and expects suppliers to use sustainable practices (3)(4).

Criteria

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level
Rationale

Otis does not discriminate against religious organizations in its charitable giving. Otis’s charitable giving focuses on investing in the next generation of innovators, advancing social equity and inclusion, supporting colleagues in crisis, and furthering colleagues’ causes (1). Otis has an employee donation-matching program, but nonprofit eligibility details are not publicly available (1)(2).

Criteria

Employment policies fail to protect against discrimination based on political affiliation/views and/or religion.

Risk Level
Rationale

Otis does not provide viewpoint protections for employees (1).

Corporate Governance and Public Policy
Criteria

Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.

Risk Level
Rationale

Otis has a perfect score on the HRC’s 2022 Corporate Equality Index. This score indicates the company covers the cost of “medically necessary transition-related care” for its employees and their children (1)(2). The company has promoted LGBTQ+ causes in internal and external communications through its Japanese subsidiary, Nippon Otis (3). Otis holds employee diversity training (4). Otis committed to “conduct(ing) an independent review of Otis to uncover and eliminate biases affecting any of our colleagues in our hiring, compensation, professional development and other business practices” and to “accelerate anti-racism, unconscious bias and inclusion learning for employees at all levels of the organization and throughout their Otis careers” (5)(6). Otis implemented a gender identity policy in the Americas with accompanying training for managers (7). Otis incorporates ESG into all of its business practices (8). Otis advocated for the Equality Act (9).

Criteria

Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.

Risk Level
Rationale

Otis has committed to “mak(ing) social justice and racial equality an integral part of our community giving, volunteerism and external reporting programs” (1)(2). Otis donates to the National Urban League, which engages in DEI and pro-abortion advocacy (3)(4)(5). Otis aligns executive incentive compensation with ESG strategy (5).

Criteria

Uses corporate political contributions for ideological, non-business purposes.

Risk Level
Rationale

Otis has not used its PAC for ideological purposes (1)(2).

All links were last accessed and all information was updated on:
November 28, 2023

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