We will transform our business model from long-term perspectives and contribute to social sustainability improvements.
The Ricoh Group considers it important to undertake environmental conservation and profit generation simultaneously. We practice environmental management, through which we proactively endeavor groupwide to lower our environmental impact and improve the Earth’s regenerative capabilities.
We have leveraged backcasting to materialize a sustainable society, setting environmental goals for 2030 and 2050 in the areas of preventing global warming and conserving resources. We include these goals in environmental action plans set every three years, and undertake highly effective initiatives in each area to achieve our goals. In keeping with the 19th Environmental Action Plan, which we launched in April 2017, we pursue sustainable progress for society and the Ricoh Group.
We proactively reduce environmental impact and strive to improve the Earth’s self-recovery capabilities to achieve a zero-carbon society and a circular economy through business.
|1. Conserving energy and preventing global warming||· We expanded the sales ratio of color MFPs offering outstanding energy savings, greatly exceeding our yearly targets of voluntary product energy savings standards
· The Group significantly increased its renewable energy ratio by switching to such energy at its French plant
|2. Conserving resources and recycling||· We improved our resource conservation rate by expanding the use of recycled plastics in products and making products smaller and lighter|
|3. Preventing pollution||· We boosted the reduction amounts both in the use and the emissions of environmental impact substances by reorganizing business sites and improving product defect rates|
|4. Conserving biodiversity||· We steadily expanded the number of forestation activities and participation in them by collaborating with stakeholders while enhancing these initiatives|
|5. Enhancing the basis for environmental management||· By the end of the term, 94.2% of our offerings were certified under the Ricoh Sustainable Products Program
· Suppliers harnessed independent power producer electricity, while we initiated activities to map CO2 emissions reductions stemming from production process improvements
We operate in keeping with the belief that climate change presents both operational risks and opportunities. We are accelerating decarbonization efforts while keeping stakeholders informed of our endeavors based on the Task Force on Climate-Related Financial Disclosures (TCFD) framework.
In analyzing scenarios based on the TCFD framework, we confirmed that even if the international community decarbonizes rapidly the risks for the Ricoh Group associated with such a transformation will not be all that great. That is because we have long practiced environmental management. We learned that there are opportunities to deliver products and solutions that draw on energy-saving technologies in our printing business and services to help customers decarbonize. There is also tremendous potential for expanding environmental and energy businesses and creating new businesses. At the same time, we confirmed that the Ricoh Group faces risks in its business from the impacts on the entire supply chain of frequent and more extreme weather if global warming continues unabated.
It is in view of our findings that we began reviewing our long-term environmental goals to contribute to a swift switch to a decarbonized economy in accordance with the Intergovernmental Panel of Climate Change’s (IPCC) Special Report on Global Warming of 1.5°C. We are also strengthening the resilience of our business continuity plans in preparation for extreme weather while endeavoring to expand our environmental and energy businesses.
In April 2018, we set up the ESG Committee to support ongoing management deliberations about Group challenges over the medium and long terms on the environmental, social, and governance fronts and enhance the Group’s overall operations.
We analyzed scenarios in keeping with the following steps. These were to assess climate-related materiality, identify and determine scenarios, and evaluate and identify business impacts (risks and opportunities). We accordingly identified risks and opportunities relating to climate change.
· We have categorized key events associated with climate change as transition risks (encompassing policies and regulations, technology, market, reputation) and physical risks (acute and chronic).
· We adopted the IPCC’s RCP 2.6, a representative scenario that assumes a 2°C increase in the world’s average temperature for transition risks, and the IPCC’s RCP 8.5, a scenario for a 4°C temperature rise for physical risks. In addition, we considered the IPCC’s Special Report on Global Warming of 1.5°C (SR15).
We have positioned the impact of climate change a key operational risk. We control such risks within a companywide risk management framework.
We globally promote our activities to achieve a zero-carbon society based on the Ricoh Group environmental goals.
We are leveraging three strategies which help decarbonize economies to contribute to corporate and social progress. The strategies are developing technologies, providing energy efficiency and renewables businesses, and decarbonating our operating sites.
• RICOH Smart MES lighting and air-conditioning system
In May 2019, we began offering the RICOH Smart MES lighting and air-conditioning system. This setup automatically and centrally controls lighting, air-conditioning, and demand monitoring devices to conserve energy and maintain comfort and convenience.
The system makes it possible to fine-tune lighting and air-conditioning controls, notably by turning lights off and putting air-conditioning in energy-saving modes when nobody is in an area or by adjusting light near the windows on bright days.
We engage in thorough energy conservation activities and participate in RE100. We seek to leverage 100% renewable energy in our business activities.
Recycling and reduction are key concepts for reaching this goal. We are accordingly constraining the use of new resources in our offerings, recycling products, and using recycled resources to enhance resource efficiency in our operations.
Developing technologies that help reduce plastic waste
We have developed laser technology to write text and designs directly on plastic bottles and eliminate labels.
We are endeavoring to improve quality and yields and thereby cut resource losses by separating wastes and reusing them as resources while undertaking ongoing management to ensure proper treatment.