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Materiality for the Ricoh Group

Ricoh Group’s Management Strategies and Identification of Material Issues

For the Ricoh Group, an ideal sustainable society is one in which the Three Ps Balance—balance between Prosperity, People and Planet is maintained. In order to create such a society, we will work to solve social issues through business based on the material issues identified by reflecting Ricoh’s Mission Statement, Mid-Term Management Plan (MPT) and expectations of our stakeholders.

Under the 20th Mid-Term Management Plan (April 2020–March 2023), we have identified seven material issues in two areas, “Resolving social issues through business,” and “Robust management infrastructure,” and set 14 ESG targets in linkage with the material issues.

Seven Material Issues and SDGs

image: Seven Material Issues and SDGs

Ricoh’s Approach to Seven Material Issues and ESG Targets

image: Ricoh’s Approach to Seven Material Issues and ESG Targets

*1 Top score rate: Top score rate: Highest score selecting rate

*2 RBA: Responsible Business Alliance

*3 ISO/IEC: International Organization of Standardization/International Electrotechnical Commission

*4 NIST: National Institute of Standards and Technology

*5 RFG: Ricoh Family Group

Materiality Analysis

In 2014, the Ricoh Group set materiality for the first time based on the trends in the international community, expectations from stakeholders, and its importance for management. With the launch of our 19th MTP in April 2017, based on the Sustainable Development Goals that were agreed by the international community, Ricoh's Mission Statement, and the MTP as well as expectations of our stakeholders, and after thorough discussion among management, we revised material issues that we focus on through business. We reviewed material issues again in April 2020 from the perspective of consistency with the strategies of the MTP, and we will review regularly from now on. In the 20th MTP, starting from April 2020, we set targets for each materiality (ESG targets) and will disclose the results.

Process of Materiality Analysis

image: Process of Materiality Analysis

Global SDGs Communication book 2020 cover

Global SDGs Communication Book

For further information of global activities, please see the “Global SDGs Communication book”.

Contents

  • Global business cases which contribute on SDGs
  • Awards and industry recognitions
  • Commitment to international initiatives and organizations