Ricoh updated information disclosure based on the TCFD framework
Addition of risks and opportunities related to infectious diseases, and augmented information on managing natural disaster risks
TOKYO, September 25, 2020 – Ricoh Company, Ltd. announces an update to information being disclosed, based on the TCFD* (Task Force on Climate-related Financial Disclosures framework), that addresses climate-related risks and opportunities as a part of its ESG information disclosure in integrated reports and on the corporate website.
Ricoh Group announced its support for TCFD in 2018 in response to stakeholder expectations and began disclosing information based on the TCFD framework in 2019. Ricoh conducted scenario analysis continued from the prior year, reviewed the content based on opinions from stakeholders, and is providing the following enhancements:
- Add an infectious disease risk to “Identified risks and action against risks” and augment information on managing natural disasters risks.
- Enhance quantitative and qualitative information on “Opportunities for climate change.”
Since climate change is an important management issue, starting in 2020, we positioned GHG emission targets as one of the “ESG Targets” in line with our management strategy. We are promoting effective climate change initiatives by linking them to executive and senior management remuneration. Also, Ricoh has identified the risks and opportunities related to climate change and are actively working on mitigation and adaptation efforts under the supervision of the ESG Committee, chaired by its CEO.
Ricoh will continually disclose information while referring to the opinions of stakeholders and contribute to solving social issues through business activities.
Information Disclosure Based on TCFD Framework
GHG emission reduction targets at the Ricoh Group
The Ricoh Group has set a long-term goal to aim for zero GHG emissions across the entire value chain by 2050. We have also established a high-level GHG emission reduction target of a 63% reduction in 2030 (compared to 2015 levels), validated by SBTi, an international initiative, as a 1.5°C level.
*TCFD: Task Force on Climate-related Financial Disclosures. Established by the Financial Stability Board (FSB), the TCFD provides stability to financial markets by promoting information disclosure of climate-related risks and opportunities by companies and facilitating a smooth transition to a low-carbon society.