The Clean Development Mechanism (CDM) allows industrialized countries to conduct anti-global warming projects in developing countries, thereby helping those countries comply with their commitment to reduce greenhouse gas emissions specified under the Kyoto Protocol.
If businesses in advanced nations reduce greenhouse gases through projects in developing countries, they may have that reduction reflected in their own CO2 reduction goals under certain rules, and ultimately such a reduction is used by the governments of their countries to meet national targets.
Developing countries benefit from this mechanism as well since they are given opportunities to receive investments and technology transfers. Ricoh is actively preparing for CDM as one way of mitigating an estimated 138,000-ton increase of CO2 resulting from rapid business expansion associated with M&A, etc.
and taking changes in external factors such as CO2 emissions conversion coefficient into account. When selecting CDM projects, Ricoh takes cost performance into account. In addition, by using networks that were created through environmental activities with environmental NPOs,
Ricoh tries to choose projects that contribute to the conservation of ecosystems and improvement of living standards of the local people. In terms of the organizations that execute projects, Ricoh assesses their commitment to corporate social responsibility. In fiscal 2006, registration with the CDM Committee of the UN was completed for two projects from among wind power generation projects in India.
In fiscal 2007, credit will be issued for these projects.
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The Ricoh Group established the following criteria for the selection of CDM projects.
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Projects should be valuable from the perspective of biodiversity and ecosystem conservation.
As for afforestation projects, they should be recognized by environmental NGOs. |
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Projects should be socially recognized by every stakeholder. |
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CDM Project Promoted by Ricoh Co., Ltd.
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