Otis Worldwide Corp
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Industrials : Machinery | Mid Cap Blend
Company profile

Otis Worldwide Corporation is an elevator and escalator manufacturing, installation and service company. The Company operates through two segments: New Equipment and Service. Through its New Equipment segment, it designs, manufactures, sells and installs a range of passenger and freight elevators, as well as escalators and moving walkways to customers in the residential and commercial buildings, and infrastructure projects. The Company sells its New Equipment units directly to customers, as well as through agents and distributors globally. Through its Service segment, the Company performs maintenance and repair services for both its products and those of other manufacturers and provides services to upgrade elevators and escalators. It provides Otis ONE, an Internet of Things (IoT) based solution to connect elevators to OtisLine. Otis also offers a range of passenger experience enhancements such as eView and Otis eCall.

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Digital Realty Recognized by Nareit with the "Leader in the Light" Award for Sixth Consecutive Year

4:15 pm ET November 16, 2022 (PR Newswire) Print

Achieves five-star GRESB ranking and #1 ranking in industry category for second consecutive year

Digital Realty (NYSE: DLR), the largest global provider of cloud- and carrier-neutral data center, colocation and interconnection solutions, announced today it has earned the National Association of Real Estate Investments Trusts (Nareit) "Leader in the Light" award for data center sustainability for the sixth consecutive year. The award honors Nareit member companies that have demonstrated exemplary sustainability practices.


"We are honored to receive this award from Nareit for the sixth consecutive year. Sustainability is a core focus at Digital Realty, and this award is a reflection of our commitment to that goal," said Digital Realty Chief Executive Officer A. William Stein. "This year's global energy issues have highlighted the importance of using energy as efficiently as possible. Digital Realty seeks to lead the global data center industry in sustainable environmental performance, and we are proud of our long track record as a sustainability leader."

This award highlights the Company's continued commitment to renewable energy, energy efficiency and supply chain sustainability initiatives. It follows Digital Realty's #1 ranking in the 2022 Global Real Estate Sustainability Benchmark's (GRESB) in the Technology Sciences category for the second consecutive year, together with a five-star ranking, the highest designation. GRESB also ranked Digital Realty in the top 20 among all listed companies in the Americas for 2022. Additionally, Digital Realty maintained its 'A' score for the GRESB Public Disclosure rating.

In May 2022, Digital Realty announced that it had contracted for 158 megawatts of new solar power in California and Georgia, advancing the Company's progress towards achieving 100% renewable electricity and its 1.5 degree C-aligned carbon reduction target.

"Our environmental, social and governance program is aligned with global best practices and strives to address the issues most important to our business," said Digital Realty Vice President, Sustainability Aaron Binkley. "Our principal objectives are to continue to: 1) provide data center solutions that deliver industry-leading energy productivity and resource efficiency, increase client value, and lower cost of ownership; 2) empower employees and clients to improve resource efficiency in areas such as energy, water, waste, and carbon; 3) communicate our performance regularly and transparently with stakeholders."

About Digital Realty

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation and interconnection solutions. PlatformDIGITAL(R), the company's global data center platform, provides customers with a secure data "meeting place" and a proven Pervasive Datacenter Architecture (PDx™) solution methodology for powering innovation and efficiently managing Data Gravity challenges. Digital Realty gives its customers access to the connected communities that matter to them with a global data center footprint of 300+ facilities in 50+ metros across 27 countries on six continents. To learn more about Digital Realty, please visit digitalrealty.com or follow us on LinkedIn and Twitter.

Investor RelationsJordan Sadler / Jim HusebyDigital Realty(737) 281-0101InvestorRelations@digitalrealty.com

Media ContactsHelen BleasdaleDigital Realty(737) 267-6822hcbleasdale@digitalrealty.com

Forward-Looking Statements

This press release contains forward-looking statements based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially, including statements related to the Leader in the Light award, our sustainability program and achievements and our sustainability goals. For a list and description of such risks and uncertainties, see the reports and other filings by the company with the U.S. Securities and Exchange Commission. The company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.


View original content to download multimedia:https://www.prnewswire.com/news-releases/digital-realty-recognized-by-nareit-with-the-leader-in-the-light-award-for-sixth-consecutive-year-301679960.html

SOURCE Digital Realty


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