Ricoh Recognised for Climate Action Leadership
Company’s efforts recognised for two years in succession
TOKYO, December 8, 2021 – Ricoh’s global leadership in corporate sustainability has been recognised by being included in the 2021 climate change “A List” by CDP*1, a non-profit organization that runs the leading global disclosure system for environmental impacts.
The CDP “A List” is comprised of companies recognised as global leaders who demonstrate excellence in their actions, strategies, and results in responding to climate change. CDP evaluated nearly 12,000 companies worldwide this year. The climate change 2021 “A List” includes 200 companies, of which 55 are Japanese. This is the second consecutive year that Ricoh features in the list.
Ricoh’s internationally acclaimed efforts to mitigate climate change and provide comprehensive information disclosure led to the 2021 CDP climate change “A list” recognition. In 2018, Ricoh committed to the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD). In March 2020, in light of increasing momentum towards global warming, Ricoh increased its global greenhouse gas (GHG) reduction target for 2030 from 30% to 63%, as compared to 2015. This new target, approved by SBTi*2, demonstrates Ricoh’s commitment to efforts to limit global warming to 1.5°C above pre-industrial levels. Ricoh has positioned the “realisation of a zero-carbon society” as one of its seven material issues to help tackle climate change. To achieve this, Ricoh set ESG targets for renewable energy utilisation rate, in addition to the GHG reduction rate, and has been working to resolve social challenges through business. Based on Ricoh’s commitment to become carbon neutral by 2050.
Ricoh will continue to promote the realisation of a zero-carbon society throughout its value chain through intensive energy conservation activities, proactive renewable energy utilisation, and active participation in international initiatives.
*1 CDP is a global non-profit that drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests. In 2021, over 590 investors with over US$110 trillion in assets and 200 major purchasers with US$5.5 trillion in procurement spend requested companies to disclose data on environmental impacts, risks and opportunities through CDP’s platform. Over 14,000 organizations around the world disclosed data through CDP in 2021, including more than 13,000 companies worth over 64% of global market capitalization, and over 1,100 cities, states and regions. Fully TCFD aligned, CDP holds the largest environmental database in the world, and CDP scores are widely used to drive investment and procurement decisions towards a zero carbon, sustainable and resilient economy. CDP is a founding member of the Science Based Targets initiative, We Mean Business Coalition, The Investor Agenda and the Net Zero Asset Managers initiative.
*2 The SBTi is a partnership between CDP, the UN Global Compact, the World Resources Institute, and the World Wildlife Fund that aims to enable leading companies to set ambitious and meaningful corporate greenhouse gas reduction targets.
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