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Ricoh endorses the “Business Ambition for 1.5°C” campaign

Promoting climate change initiatives with long-term vision and clear goals

October 2, 2020

TOKYO, October 2, 2020 – Ricoh Company, Ltd. announces that it has endorsed the “Business Ambition for 1.5°C” campaign. This campaign is led by the United Nations Global Compact, We Mean Business coalition *1, and the Science Based Targets initiative (SBTi) *2, which aims to reduce global temperature increases due to global warming to less than 1.5°C from pre-industrial levels and to achieve virtually zero GHG emissions by 2050. It calls on companies to set GHG reduction targets based upon scientific evidence. Currently, approximately 300 company's top management have expressed their support.

In March of this year, Ricoh updated its environmental targets in light of changes in global trends regarding global warming by revising its global GHG (greenhouse gas) reduction target for its own emissions from 30% to 63% in 2030, as compared to 2015. This new target, which has been approved by SBTi, will help limit global warming to 1.5°C above pre-industrial levels.

Climate change is one of the most pressing social issue facing our global society. Ricoh has committed to become carbon neutral by 2050 and will continue to promote the realization of a zero-carbon society thorough energy conservation activities, the use of renewable energy and its active participation in international initiatives.

A global coalition of nonprofit organizations working with the world's most influential businesses to take action on climate change.
The SBTi is a joint initiative of CDP, the UN Global Compact, the World Resources Institute, and the World Wildlife Fund that aims to enable leading companies to set ambitious and meaningful corporate greenhouse gas reduction targets.

| About Ricoh |

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).
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