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Concept of sustainability

Basic Concept
Driving Sustainability for our Future

The mission and vision of the Ricoh Group are as follows: "At Ricoh, we empower individuals to find fulfillment through work by understanding and transforming how people work, unleashing their potential and creativity to realize a sustainable future." This mission is based on the founding spirit of "Love People, Love Country, Love Work" (the Spirit of Three Loves). We are actively engaged in various initiatives aligned with our sustainability message, "Driving Sustainability for Our Future."

The Ricoh Group strives for sustainability through a Three Ps Balance: Prosperity (economic activities), People (society), and Planet (environment). In line with this, we are committed to addressing social issues through our business, strengthening our operational foundations, and contributing to society and will help to reach Sustainable Development Goals (SDGs)* agreed by the international community.

*Sustainable development goals
This set of universal priorities and goals through 2030 under an accord with the United Nations comprises 17 goals and 169 targets.>

SDGs and seven material issues

Structure and Systems-ESG Committee

The ESG Committee was established in May 2018 to discuss environmental, social, and governance issues faced by the Ricoh Group at a management-level and lead the discussions to the quality enhancement of the entire Group. The committee is a decision-making organization that meets quarterly chaired by the CEO and consists of GMC members including Internal Executive Director, business unit presidents and group headquarters officers. Additionally internal audit supervisory board members also participate as observers in the committee.

The ESG Committee deliberates on future risks and opportunities for the business in the area of sustainability, identification of material social issues (materiality), and setting of ESG targets. Progress on ESG targets is overseen at the management level through the ESG Committee and the Board of Directors.

ESG Committee

The ESG Committee aims to respond promptly and appropriately to the expectations and needs of stakeholders by continuously discussing medium- to long-term environmental, social, and governance issues faced by the Ricoh Group at a management-level and leading the discussions to the quality enhancement of the entire Group. The ESG Committee has the following specific responsibilities:

  1. Formulate the Ricoh Group Sustainability Strategy to resolve social issues through business, such as initiatives toward introducing SDGs into the foundation of the Company's management
  2. Identify medium- to long-term sustainability risks and opportunities as well as material issues faced by the entire Group (including those regarding investment decisions on risks and opportunities related to climate change recommended by the TCFD, human rights risks, etc)
  3. Supervise and advise on sustainability strategies, material issues, and progress on KPIs for each business division throughout the entire Group
  4. Identify sustainability issues to be submitted for discussion at the Board of Directors meetings

In FY2022, ESG Committee meetings were held four times to discuss the following.

First Meeting May
  • Report on the results of material ESG items and deliberation on draft disclosure for the convocation notice and the annual securities report
  • Deliberations on information security system proposals
  • Report on trends and points for enhancement in ESG activities
Second Meeting August
  • Roadmap of the Ricoh Group’s decarbonization efforts and deliberations on measures
  • Ricoh Group Integrated Report, ESG-related media publication reports
Third Meeting November
  • Deliberations on renewable energy fiscal 2023 certificate budget and introduction of the 21st Mid-Term Management Strategy
  • Deliberations on materiality/ESG targets revisions
  • Report on RBA* audit results
Fourth Meeting February
  • Planning deliberations on 2023 Ricoh Group Integrated Report
  • Report on 20th Mid-Term Management Plan ESG improvement activities and external assessment results
  • Report on changes in customer demands as seen from ESG benchmark and business talks in fiscal 2022
  • Report on environmental appeal of new products

* RBA(Responsible Business Alliance): An alliance of more than 150 leading companies that have agreed to a uniform code of conduct and audit process for their suppliers