TOKYO, March 28, 2022 – Ricoh received one of the highest evaluations from external asset managers entrusted with the domestic equity investment of Japan's Government Pension Investment Fund (GPIF.) Among all nominated companies with “excellent TCFD* disclosure,” Ricoh received votes from five asset managers.
As a new initiative based on the latest revision of the Corporate Governance Code in Japan, the GPIF requested its external asset managers to nominate “excellent TCFD disclosures.” As a result of the survey, GPIF selected 27 companies for having excellent TCFD disclosures, but among all the nominated companies, only Ricoh and three other companies were chosen by four or more external asset managers for excellent TCFD disclosure. Additionally, 54 companies were selected for excellent disclosure in at least one of the four disclosure categories—(1) governance, (2) strategy, (3) risk management, and (4) metrics and targets—with Ricoh being selected in all four categories.
Comments from the external asset managers who highly evaluated Ricoh's disclosure include;
Ricoh strives to gain stakeholders' understanding and support towards various aspects of our corporate activities through proactive disclosure while leveraging feedback to enhance our operations and corporate value.
GPIF stands for Government Pension Investment Fund and is Japan's Independent Administrative Institution for Pension Fund Management and Management. GPIF manages and invests the Reserve Funds of the public pension plans deposited with it. GPIF, the world's largest pension fund, managed 199.3 trillion yen of assets as of December 2021.
Ricoh is empowering digital workplaces using innovative technologies and services that enable individuals to work smarter from anywhere.
With cultivated knowledge and organizational capabilities nurtured over its 85-years history, Ricoh is a leading provider of digital services and information management, and print and imaging solutions designed to support digital transformation and optimize business performance.
Headquartered in Tokyo, Ricoh Group has major operations throughout the world and its products and services now reach customers in approximately 200 countries and regions. In the financial year ended March 2021, Ricoh Group had worldwide sales of 1,682 billion yen (approx. 15.1 billion USD).
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