Tokyo, March 25, 2010---Ricoh Company, Ltd. (President and CEO: Shiro Kondo) announces the establishment of the “Ricoh Institute of Sustainability and Business,” an in-house organization, on April 1, 2010. The Institute will serve dual functions, a “think-tank function” to research the impact the economy and society will have on future trends and business management, and an “advisory function” whereby, based on the fruits of its research, the Institute will give advice to and raise issues with Ricoh senior management.
The global community is undergoing unprecedented and dynamic economic and societal change, and any growth and development will have to take place against a background of momentous issues such as global warming. The expectations that business should be the core component in achieving a sustainable economy and society, continue to grow.
With the establishment of this Institute, Ricoh will gain an accurate understanding of the structural changes taking place in society against a backdrop of growing change in the business environment, at the same time conducting penetrating independent analyses in light of Ricoh’s own business conditions. While seeking a new growth model for the direction of corporate activities towards solving global issues such as global warming and the role of business in global competition, the Institute will influence Ricoh’s medium-to-long term business strategy.
Through this linkage of research and corporate activities, Ricoh aims to enhance its competitiveness as a company and at the same time earn the trust of the international community. Moreover, Ricoh intends to widely disseminate the results of its in-depth research for the benefit of society at large and the advancement of management studies.
Ricoh believes that the expansion of such corporate activities will lead to the realization of a prosperous and sustainable society.
The Institute will function beyond the conventional organizational framework, operating independently of other internal organizations from a long-term standpoint. In its search for advisors and top researchers the Institute will call upon business executives and intellectuals from outside the company with advanced insight.
|1.||Name||:||Ricoh Institute of Sustainability and Business|
|2.||President||:||Nobuo Inaba (executive advisor to Ricoh, former executive director of the Bank of Japan)|
|3.||Advisors||:||Kunio Nakamura (Chairman of the Board, Panasonic Corporation)
Shoei Utsuda (Chairman of the Board of Directors, Mitsui & Co., Ltd.)
Hiroyuki Itami (Professor, Tokyo University of Science)
|5.||Established||:||April 1, 2010|
|6.||Research Fields||:||Four areas - [Economy], [Environment, Resources and Energy], [Social Structure] and [Industry and Businesses]|
|7.||Personnel||:||20 persons (initial projection)|
Ricoh is a global technology company specializing in office imaging equipment, production print solutions, document management systems and IT services. Headquartered in Tokyo, Ricoh Group operates in about 200 countries and regions. In the financial year ending March 2014, Ricoh Group had worldwide sales of 2,195 billion yen based on the IFRS accounting standard (approx. 21.3 billion USD).
The majority of the company's revenue comes from products, solutions and services that improve the interaction between people and information. Ricoh also produces award-winning digital cameras and specialized industrial products. It is known for the quality of its technology, the exceptional standard of its customer service and sustainability initiatives.
Under its corporate tagline, imagine. change. Ricoh helps companies transform the way they work and harness the collective imagination of their employees.
For further information, please visit www.ricoh.com/about/
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