Ricoh Group aims to create new markets and value propositions by looking broadly at social issues, and taking on the challenge to resolve them while simultaneously achieving social development and Ricoh's own business growth. Based on Materiality reflecting Ricoh's Mission Statement, the Mid-Term Management Plan (MTP), and the expectations of our stakeholders, we will address to solve social issues through business.
In 2014, Ricoh Group set materiality for the first time based on the trends of the international community, expectations from stakeholders, and importance for management. With the launch of its 19th MTP in April 2017, Ricoh has newly established five material issues which it needs to focus on through business, based on the Sustainable Development Goals that were agreed by the international community, Ricoh's Mission Statement, the MTP, and expectations from stakeholders.
To the Ricoh Group, a sustainable society is one that pursues a Three Ps Balance - the balance of Prosperity, People and Planet - and its aims for it an ideal society. The following figure shows how the five material issues and the Three Ps Balance align with the SDGs. We will set target and KPI for each issue with business division and reinforce the initiatives through business.
In June 2019, the Ricoh Group set the goals to accomplish by 2030 for the five material issues. The goals were set through the process summarized below, in order to accelerate our efforts to achieve the SDGs based on the basic management policy of solving social issues through business. Going forward, each business division will carry out activities to accomplish self-set targets to contribute to achieving the SDGs and monitor the progress to be reported every year. In addition, we will review and refine target levels, KPIs and assessment methods on an ongoing basis in consideration of societal requirements and international norms as well as the opinions of our stakeholders, including customers, the social sector and experts. The resultant refinements will also be reflected in our business activities to increase the social value of the activities.
Also, through these activities, individual employees are expected to become more aware of their contribution to society through their work, thereby increasing employee motivation and engagement.
For each of the areas related to economic sustainability, society and the environment, we have set the three objectives: realization of the ideal society; resolution of material issues; and achievement of goals 2030. The goals represent our contribution to our customers, the number of people that use the medical, educational, and community services incorporating Ricoh technology and the environmental impact throughout the value chain that is a result of business divisions’ activities.
Corresponds to SDGs No.8 Decent Work and Economic Growth, and No.9 Industry, Innovation and Infrastructure.
Corresponds to SDGs No.3 Good Health and Well-being, No.4 Quality Education, and No.11 Sustainable Cities and Communities
Corresponds to SDGs No.7 Affordable and Clean Energy, No.12 Responsible Consumption and Production, and No.13 Climate Action
|Sustainable Economy||Sustainable Society||Sustainable Environment|
Developing a bed sensor system that accurately monitors biometric information to enhance the efficiency
Thinning timbers to locally produce and consume biomass energy, simultaneously conserve regional forests and cutting carbon dioxide emissions
Comprehensively reducing the overall environmental impacts of life cycles and materializing Circular Economy