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.
We have identified seven material issues in two areas, “Resolving social issues through business,” and “Robust management infrastructure,” and set 17 ESG targets in linkage with the material issues.
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.
We have identified seven material issues in two areas, “Resolving social issues through business,” and “Robust management infrastructure,” and set 17 ESG targets in linkage with the material issues.
Ricoh’s Approach to Seven Material Issues and Targets
In linkage with each material issue, Ricoh has set targets for 2030, along with a total of 14 ESG targets as well. These targets were set to accelerate our efforts in achieving the SDGs.
Each business division will also set their own targets and strive to accomplish them. We will continuously review and refine the targets, KPIs and assessment methods while taking into consideration societal requirements and international norms. The opinions of our stakeholders (including customers), the social sector and experts will also be considered during our review. These changes will be reflected in our business activities to increase their contribution to society. Through these activities, employees are expected to be more aware of how their work is linked to the SDGs, thus increasing employee motivation and engagement.
