In 2014, Ricoh Group set materiality for the first time based on the trends of the international community, expectations from stakeholders, and importance for management. With the launch of its 19th MTP in April 2017, Ricoh has newly established five material issues which it needs to focus on through business, based on the Sustainable Development Goals that were agreed by the international community, Ricoh’s Mission Statement, the MTP, and expectations from stakeholders.
Process of Materiality Analysis
To the Ricoh Group, a sustainable society is one that pursues a Three Ps Balance - the balance of Prosperity, People and Planet - and its aims for it an ideal society. The following figure shows how the five material issues and the Three Ps Balance align with the SDGs. We will set target and KPI for each issue with business division and reinforce the initiatives through business.
Five material issues and SDGs
Corresponds to SDGs No.8 Decent Work and Economic Growth, and No.9 Industry, Innovation and Infrastructure.
• Productivity Enhancement
Sustainable economic growth is essential for prosperity, and continuous enhancements in productivity are needed in every sector. Ricoh has contributed to improving productivity in today’s workplaces through innovative technologies and services. We will implement such workstyle innovations on our own in the future, including promoting a way of working from anywhere and creating an environment where diverse talents can be developed.
• Intelligence Creation
Achieving sustainable development, creativity and innovation are essential for society, and promoting these elements is required. Ricoh will work with customers to transform their various workplaces with advanced technologies and services. We will support intelligence creation by enabling people to work smarter.
Corresponds to SDGs No.3 Good Health and Well-being, No.4 Quality Education, and No.11 Sustainable Cities and Communities
• Quality Of Life(QOL) Enhancement
There is a need to achieve a society where all people can exist in a safe and healthy environment, which enables everyone to live to their full potential. It is also important to create sustainable cities which serve as the foundation for this environment, and develop and manage residential areas accordingly.
Ricoh will provide solutions in the fields of healthcare and education by harnessing the technologies and expertise it has developed over many years and contributing to improving the quality of people’s lives through continual support for community development.
Corresponds to SDGs No.7 Affordable and Clean Energy, No.12 Responsible Consumption and Production, and No.13 Climate Action
• Realize Zero-carbon Society
The Paris Agreement stipulates that it is necessary to hold the increase in the global average temperature to well below 2°C, and to achieve net-zero GHG emissions globally in the second half of this century. Ricoh will strive to achieve net-zero GHG emissions from its own business activities through comprehensive energy conservation activities and the use of renewable energy. Ricoh will also aim to establish a zero-carbon society by providing highly energy-efficient products and solutions and by actively encouraging business partners to do the same.
• Circular Economy
To efficiently and sustainably use natural resources, recycling resources and reducing the new input of resources is needed. Ricoh will contribute to realizing a circular economy by promoting the collection and recycling of used products and the utilization of recycled resources globally.