SHERIDAN, WYOMING – July 4, 2024 – Ricoh Company, Ltd., a global technology leader specializing in digital services and office solutions, has been honored with inclusion in TIME magazine's esteemed World's Most Sustainable Companies 2024 list. This accolade underscores Ricoh's unwavering commitment to environmental, social, and governance (ESG) principles and its dedication to fostering a more sustainable future for all.
A Testament to Sustainability Leadership
Ricoh's impressive ranking at 151 out of over 5,000 companies evaluated worldwide is a testament to its holistic approach to sustainability. This achievement is particularly notable given the rigorous evaluation process, which encompassed a wide array of ESG factors, including carbon emissions, energy consumption, renewable energy utilization, diversity and inclusion initiatives, employee well-being, and transparency in reporting.
Ricoh's dedication to sustainability extends beyond mere compliance. The company has woven ESG considerations into the very fabric of its business operations, ensuring that sustainability is not just an add-on but an integral part of its corporate DNA.
The "Three Ps Balance" Framework: A Blueprint for Sustainable Growth
At the heart of Ricoh's sustainability strategy lies its "Three Ps Balance" framework, a guiding principle that emphasizes the interconnectedness of economic prosperity (Prosperity), social responsibility (People), and environmental stewardship (Planet). This framework provides a roadmap for Ricoh to create long-term value for its stakeholders while minimizing its environmental impact and contributing positively to society.
To operationalize this framework, Ricoh has identified seven material issues that are critical to achieving its sustainability goals. These issues range from promoting a circular economy and reducing greenhouse gas emissions to supporting human rights and fostering diversity and inclusion.
16 ESG Targets: A Roadmap for Action
Ricoh has set ambitious ESG targets to drive progress across its material issues. These 16 targets are aligned with the United Nations Sustainable Development Goals (SDGs) and cover a wide range of initiatives, from reducing waste and promoting resource efficiency to enhancing employee engagement and supporting local communities.
By setting clear and measurable targets, Ricoh is demonstrating its commitment to transparency and accountability in its sustainability journey. The company regularly reports on its progress towards these targets, providing stakeholders with a clear picture of its ESG performance.
Global Recognition for Sustainability Excellence
Ricoh's inclusion in TIME's World's Most Sustainable Companies 2024 list is just the latest in a series of accolades for its sustainability leadership. The company has also been recognized by Corporate Knights as one of the Global 100 Most Sustainable Corporations 2024 and by the Financial Times and Statista as one of the Asia-Pacific Climate Leaders 2024.
These recognitions underscore Ricoh's unwavering commitment to sustainability and its position as a global leader in ESG. By integrating sustainability into its core business strategy, Ricoh is not only creating a more sustainable future for itself but also inspiring others to follow suit.
About Ricoh
Ricoh is empowering digital workplaces using innovative technologies and services enabling individuals to work smarter. For more than 85 years, Ricoh has been driving innovation and is a leading provider of document management solutions, IT services, communications services, commercial and industrial printing, digital cameras, and industrial systems.
Headquartered in Tokyo, Ricoh Group operates in approximately 200 countries and regions. In the financial year ended March 2024, Ricoh Group had worldwide sales of 2,236 billion yen (approx. 17.5 billion USD).
For further information, please visit: www.ricoh.com