TOKYO, Japan - September 25, 2020 – Ricoh Company, Ltd. announces an update to information being disclosed, based on the TCFD* (Task Force on Climate-related Financial Disclosures framework), that addresses climate-related risks and opportunities as a part of its ESG information disclosure in integrated reports and on the corporate website.
Ricoh Group announced its support for TCFD in 2018 in response to stakeholder expectations and began disclosing information based on the TCFD framework in 2019. Ricoh conducted scenario analysis continued from the prior year, reviewed the content based on opinions from stakeholders, and is providing the following enhancements:
Since climate change is an important management issue, starting in 2020, we positioned GHG emission targets as one of the “ ESG Targets” in line with our management strategy. We are promoting effective climate change initiatives by linking them to executive and senior management remuneration. Also, Ricoh has identified the risks and opportunities related to climate change and are actively working on mitigation and adaptation efforts under the supervision of the ESG Committee, chaired by its CEO.
Ricoh will continually disclose information while referring to the opinions of stakeholders and contribute to solving social issues through business activities.
The Ricoh Group has set a long-term goal to aim for zero GHG emissions across the entire value chain by 2050. We have also established a high-level GHG emission reduction target of a 63% reduction in 2030 (compared to 2015 levels), validated by SBTi, an international initiative, as a 1.5°C level.
Ricoh is empowering digital workplaces using innovative technologies and services enabling individuals to work smarter. For more than 80 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 2020, Ricoh Group had worldwide sales of 2,008 billion yen (approx. 18.5 billion USD).
For further information, please visit www.ricoh.com
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