Ricoh recognized with double ‘A’ score for climate action and water security leadership in CDP A List

TOKYO, February 13, 2024 –Ricoh today announced Ricoh’s global leadership in corporate transparency and performance on climate change and water security disclosure have been recognized by global environmental non-profit CDP, securing a place on its 2023 A list. This double A score marks Ricoh’s first selection on the water security A list and fourth consecutive year on the climate change A list since 2020. This fiscal year, CDP evaluated over 24,000 companies worldwide, and only 61 companies, including Ricoh, were recognized on the A List in both categories.

Ricoh has positions the realization of a "zero-carbon society" and a "circular economy" as materialises. Setting ESG targets such as the reduction of greenhouse gas (GHG) emissions, improvement of the renewable energy ratio, and reduction in virgin material usage ratio of products, Ricoh has been working to resolve social challenges through business.

To realize a zero-carbon society, Ricoh seeks to reduce GHG emissions from our group companies by 63% by 2030, compared to 2015, and reduce GHG in the entire supply chain by 40%, compared to 2015, by 2030. These environmental goals have been certified as “1.5°C targets” by the SBT Initiative (SBTi). In addition to promoting decarbonization initiatives within the Group, Ricoh also holds briefing sessions for suppliers and requests medium to long-term GHG reduction targets from key suppliers. Another goal is to achieve a renewable energy ratio of 50% for the electricity used in its operations by 2030, actively promoting the introduction of renewable energy sources with high additionality.

In its pursuit of a circular economy, Ricoh recognizes the essential nature of water resources in business activities. The company has established policies regarding water resources and set targets to reduce water usage below the previous year's performance, actively working across the entire Group to achieve water consumption reduction.

Enhancing its disclosure based on TCFD framework, Ricoh has been publishing TCFD Report since 2021 and Circular Economy Report since 2022 to showcase Ricoh’s strategy and initiatives to address climate change and resource circulation to its stakeholders.

Ricoh will continue to contribute to solving social issues and achieving the Sustainable Development Goals through its business activities with its business partners and customers.

*About CDP
CDP is a global non-profit that runs the world’s environmental disclosure system for companies, cities, states and regions. Founded in 2000 and working with more than 740 financial institutions with over $136 trillion in assets, CDP pioneered using capital markets and corporate procurement to motivate companies to disclose their environmental impacts, and to reduce greenhouse gas emissions, safeguard water resources and protect forests. Over 24,000 organizations around the world disclosed data through CDP in 2023, with more than 23,000 companies – including listed companies worth two thirds 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.

Related links

2023 CDP A full list

https://www.cdp.net/en/companies/companies-scores

Related links

TCFD Report

https://www.ricoh.com/sustainability/report/tcfd

Effective Use of Water Resources

https://www.ricoh.com/sustainability/environment/water