Otis Worldwide (Otis Elevators)

Industries Capital Goods, Technology Hardware and Equipment
Subsidiaries https://www.sec.gov/Archives/edgar/data/1781335/000178133526000011/exhibit212025-12x3110xk.htm, Allyn Holdings, Inc., Otis Limited, Nippon Otis Elevator Company, Otis Elevator Holdings Limited, Entity Name Place of Incorporation 9G Elevator Pte. Ltd. Singapore Alder Holdings SAS France Alder Paris Holdings SAS France Allyn Holdings, Inc. Delaware CEAM Costruzioni Elettromeccaniche Ascensori e Montacarichi Srl Italy Cypress Holdings Srl Italy Highland Holdings S.à r.l. Luxembourg Juniper Holdings S.à r.l. Luxembourg Madison Holdings B.V. Netherlands Nippon Otis Elevator Company Japan Opal Spanish Holdings, S.A. Spain Otis a.s. Czech Republic Otis Canada, Inc. Canada Otis Electric Elevator Company Limited China Otis Elevator Company New Jersey Otis Elevator Company (H.K.) Limited Hong Kong Otis Elevator Company (India) Limited India Otis Elevator (China) Investment Company Limited China Otis Elevator Holdings Limited United Kingdom Otis Elevator Korea Korea, Republic of Otis Far East Holdings Limited Hong Kong Otis Gesellschaft m.b.H. Austria Otis Holding GmbH Germany Otis International Holdings GmbH Germany Otis International Asia Pacific Pte. Ltd. Singapore Otis Investments Limited United Kingdom Otis Limited United Kingdom OTIS MOBILITY, S.A. Spain Otis Pacific Holdings B.V. Netherlands Otis S.A. Switzerland Otis S.C.S. France Otis Servizi, S.r.l. Italy Ridgefield Holdings Corporation
Activism

Companies who scored 100% on the 2025 Corporate Equality Index.

Companies that likely use Benevity to vet charitable recipients, thereby discriminating against mainstream advocacy organizations through the SPLC's overly broad "Hate List."

The biggest 1000 U.S. companies by revenue according to form 10-K.

Companies that offer so-called transgender healthcare for their employees and covered dependents.

Business Roundtable

Rating Overview

Risk Rating: High

Otis Worldwide (Otis Elevators) is High Risk.

Otis Worldwide is High Risk. The company yields to political activism in shaping corporate governance, potentially alienating consumers, dividing employees, and harming shareholders. The company implements race and identity-based policies that replace merit, excellence, and integrity with preferential treatment and outcomes. Otis Worldwide embraces corporate initiatives that redirect its central focus from business goals to partisan policies and divisive issues. This approach fails to safeguard free exercise, free speech, and free enterprise.

Rating Criteria

Corporate Weaponization Risk Levels
Criteria Risk Level
Cancellations Medium Risk
Discriminatory Philanthropy High Risk
Employment Protection High Risk

Corporate Weaponization

Corporate Governance and Public Policy Risk Levels
Criteria Risk Level
Advocacy Bias High Risk
Funding High Risk
Political Actions High Risk

Corporate Governance and Public Policy

Rating Criteria Detail

Criteria Risk Level Rationale

Corporate Weaponization


Criteria:

Has canceled 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:

Medium

Rationale:

Otis received a score of 100 on the 2026 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. The company recruits employees based on sexual identity issues. The company discriminates against vendors that do not promote divisive sex and gender policies, indicating it prioritizes sexual issues over merit (1)(2)(3). The company received a score of 100 on the 2025 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. The company recruits employees based on sexual identity issues. The company discriminates against vendors that do not promote divisive sex and gender policies, indicating it prioritizes sexual issues over merit (4)(5). Otis incorporates ESG into 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 (6)(7). However, the company has not publicly canceled customers, suppliers, or vendors based on political views or religious beliefs (8).

Criteria:

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

Risk Level:

High

Rationale:

Otis’ HRC 2026 CEI rating indicates the company will not donate to non-religious charities unless they embrace controversial sexual identity policies (1)(2)(3). The company’s HRC 2025 CEI rating indicates the company will not donate to non-religious charities unless they embrace controversial sexual identity policies (4)(5). Otis’ charitable giving focuses on investing in the next generation of innovators, advancing social equity and inclusion, supporting colleagues in crisis, and furthering colleagues’ causes (6)(7). The company likely uses Benevity as its charitable giving platform. Benevity vets charities according to the Southern Poverty Law Center’s Hate List, which includes mainstream libertarian, conservative, family, and religious advocacy organizations (8)(9)(10).

Criteria:

Employment policies fail to protect against viewpoint or other discrimination and/or are ideological in nature.

Risk Level:

High

Rationale:

Otis’ HRC 2026 CEI rating indicates the company forces employees to attend at least one, controversial training on gender identity, sexual orientation, transgender issues, and divisive racial ideology. The company provides gender transition guidelines for its employees and a specific benefits guide with a comprehensive explanation of transgender services funded by the company (1)(2)(3). The company’s HRC 2025 CEI rating indicates the company forces employees to attend multiple, controversial trainings on gender identity, sexual orientation, transgender issues, and divisive racial ideology. The company provides gender transition guidelines for its employees and a specific benefits guide with a comprehensive explanation of transgender services funded by the company (4)(5). Otis holds employee diversity training (6). The company 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” (7). Otis implemented a gender identity policy in the Americas with accompanying training for managers (8). The company does not provide viewpoint protections for employees (9).

Corporate Governance and Public Policy


Criteria:

Uses corporate reputation to support causes, organizations, or policies hostile to freedom of expression.

Risk Level:

High

Rationale:

Otis’ HRC 2026 CEI rating indicates the company potentially agrees to allow a controversial stakeholder group focused on sexual identity issues to dictate marketing or advertising strategy. By doing so, the company risks dividing employees, alienating customers and harming shareholders (1)(2)(3). The company’s HRC 2025 CEI rating indicates the company agrees to allow a controversial stakeholder group focused on sexual identity issues to dictate marketing or advertising strategy. By doing so, the company risks dividing employees, alienating customers and harming shareholders (4)(5). Otis has promoted LGBTQ+ causes in internal and external communications through its Japanese subsidiary, Nippon Otis (6). The company supports ESG within its business practices (7). Otis signed an open letter endorsing the Equality Act, a contentious proposal to amend the 1964 Civil Rights Act by adding sexual orientation and so-called gender identity as protected categories. The legislation would, among other implications, grant biological men access to women-only spaces such as sports teams and public restrooms, and compel healthcare providers to deliver sex-denying healthcare (8). The company’s CEO Judy Marks is a member of the Business Roundtable, which supports stakeholder capitalism over traditional shareholder obligations (9).

Criteria:

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

Risk Level:

High

Rationale:

Otis’ HRC 2026 CEI rating indicates the company covers transgender related costs for its employees and their children, including paid short-term leave, puberty blockers, cross-sex hormones, chest surgeries, genital surgeries, medical visits, lab monitoring, and mental health benefits. The company also covers at least five of the following services: reconstructive hair removal, cosmetic hair removal, tracheal shave or reduction, facial surgeries, voice modification surgery, voice modification therapy, lipoplasty or filling for body masculinization or feminization, and travel and lodging expenses. Additionally, the company has potentially pledged philanthropic support of at least one organization or event that promotes sex and gender ideology. By allowing a political stakeholder group to dictate operations, the company increases health care costs and risks dividing employees, alienating customers and harming shareholders (1)(2)(3). The company’s HRC 2025 CEI rating indicates the company covers transgender related costs for its employees and their children, including paid short-term leave, puberty blockers, cross-sex hormones, chest surgeries, genital surgeries, medical visits and lab monitoring, travel and lodging. Additionally, the company has pledged philanthropic support of at least one organization or event that promotes sex and gender ideology. By allowing a political stakeholder group to dictate operations, the company increases health care costs and risks dividing employees, alienating customers and harming shareholders (5)(6). Otis has committed to “mak(ing) social justice and racial equality an integral part of our community giving, volunteerism and external reporting programs” (7)(8). The company is a Brass Sponsor of Out & Equal (9). Otherwise, there are no publicly known cases of Otis using corporate funds to advance ideological causes, organizations, or policies (10).

Criteria:

Uses corporate political actions and/or financial contributions for ideological, non-business purposes.

Risk Level:

High

Rationale:

Otis’ HRC 2025 CEI rating indicates the company publicly advocated for controversial sex and gender ideology through local, state or federal legislation or initiatives. By allowing a political stakeholder group to dictate operations, the company risks dividing employees, alienating customers and harming shareholders (1)(2). The company has not used its PAC donations for ideological purposes and does not report on its lobbying at this time (3)(4)(5).