The Ricoh Group Integrated Report selected as “excellent integrated report” with the most votes by GPIF's external asset managers

TOKYO, February 10, 2022 – The Ricoh Group Integrated Report 2021 received high evaluations from external asset managers entrusted with the domestic equity investment of Japan's Government Pension Investment Fund. Among all nominated companies with “excellent integrated report,” Ricoh received the most votes from five asset managers.

The GPIF requested its external asset managers entrusted with domestic equity investment to nominate “excellent integrated reports” and “most-improved integrated reports.” This year, the GPIF requested external asset managers to each nominate up to 10 companies, and the result of the survey was compiled in two lists comprised of 77 (77 in the previous survey) and 100 (94 in the previous survey) companies selected for having created excellent integrated reports and most-improved integrated reports. Only six companies of all the nominated companies were selected by four or more external asset managers for their excellent integrated report.

Ricoh has been selected as “excellent integrated report” for four consecutive years and this year, also as “most-improved integrated report”.

The following comments are from the asset managers who highly evaluated Ricoh's report.

• With the founding principles of The Spirit of Three Loves, "Love your neighbor, Love your country, Love your work," as its starting point, the report depicts in a consistent manner Ricoh's vision and concrete path as a digital services company, not only to improve the productivity and efficiency of its customers but also beyond that to support their creative work. The report is also rich in quantitative information, making it persuasive.
• The report provides a concrete and detailed description of what the company is aiming for in its medium-term management plan. When read along with the TCFD report, it allows readers to understand the history and detailed analysis of the company's sustainability initiatives and their deep penetration within the company.
• The company's growth story is described in a very simple and clear manner. In addition, the company's proactive stance in disclosure is evident throughout the report, such as its extensive disclosure on climate change.
• The value creation process toward becoming a digital services company, identification of materiality and KPIs are clear and easy to follow. Quantitative information is abundant and easy to understand, such as the disclosure of actual opportunities in relation to climate change.
• By explaining business strategies linked to ESG issues, it is easy to understand the value creation process, which also leads to a portfolio management strategy. In addition, the report covers all ESG items that investors expect to be disclosed.

By 2025, Ricoh strives to become a digital services company that connects workplaces and supports workers' creativity. This year's report presents medium- to long-term value creation processes and initiatives and examples of how Ricoh will achieve this goal.

Through proactive disclosure, Ricoh strives to gain stakeholders' understanding and support towards various aspects of our corporate activities while leveraging feedback to enhance our operations and corporate value.