TOKYO, October 13, 2021 – Ricoh Company, Ltd. today published two key publications as part of its ESG information disclosure. The Ricoh Group ESG Data Book 2021 provides information related to environmental, social, and governance (ESG) measures. The Ricoh Group TCFD* Report 2021, outlines the company’s climate-related financial risks and opportunities.
*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.
Ricoh's approach to sustainability is to pursue a sustainable society through a Three Ps Balance—Prosperity (economic), People (society), and Planet (environment). To realize this desired society, Ricoh has identified seven material issues in the following two areas “Resolving social issues through business” and “Robust management infrastructure,” set 17 relevant ESG targets, and endeavors to incorporate them into group-wide efforts. One of the material issues is “Zero-carbon Society,” and 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. 31 Ricoh companies in 24 countries switched to 100% renewable electricity by the end of March 2021. Ricoh offers to customers its flagship product A3 Multi-Function Printers assembled by using 100% renewable electricity since 2019.
Ricoh will continually disclose information while referring to the opinions of stakeholders and contribute to solving social issues through business activities.
About the Ricoh Group ESG Data Book
Since 2019 Ricoh has been publishing the ESG Data Book as a supplementary document to information disclosed in the Integrated Report and the corporate website. The Data Book provides stakeholders with details on Ricoh’s annual progress on ESG targets. Ricoh has taken the initiative to enhance its latest report to reflect the global trend towards a sustainable society, guidelines for ESG information disclosure, and international ESG indexes. New content includes:
- FY2020 results of each ESG target in linkage with material issues
- Environmental data including renewable energy usage amount, virgin material usage rate, and amount of products
- Human capital-related information including the percentage of employees by age group, percentage of female workers in junior management positions, global scopes for employee turnover rate, and employment rate of workers with disabilities
About the Ricoh Group TCFD Report
Climate change poses one of the most pressing challenges to global society. Ricoh announced its commitment for recommendations of the TCFD in 2018. Since then, Ricoh has defined the risks and opportunities associated with climate change that it faces, promoted mitigation and adaptation activities, and disclosed information based on the TCFD framework on its website. The purpose of issuing this report is to facilitate a better understanding by stakeholders of Ricoh's climate change initiatives and so drive these activities.