Ricoh to Expand the Use of Renewable Electricity at its Production Sites to Achieve the RE100 Goal Ricoh’s First Mega Solar Power System Installed under a PPA Model

TOKYO, JAPAN - November 18, 2019 – Ricoh Company, Ltd., (Tokyo, Japan) today announced thatit has further expanded the use of electricity derived from renewable energy sources (hereinafter,renewable electricity) at production sites. This is part of its participation in RE100*1 and a commitmentto achieving the goal of using 100% renewable electricity across its business operations.

On November 7, 2019, Ricoh Thermal Media (Wuxi) Co., Ltd. (hereinafter, RTM), a production site inChina, introduced a solar power generator operated under a PPA model*2. It has started to use electricityvia a power generation company that is generated by the 2.8MW solar power generator installed on itsrooftop. 20% of RTM’s annual electricity consumption will now be from renewable electricity.

Moreover, from October 1, 2019, Ricoh UK Products Ltd., a production site in the UK, shifted the sourceof all the electricity used at its company’s facilities to renewable electricity.
The initiatives undertaken at these two sites increased the use of renewable electricity by approximately13.8GWh annually and is expected to reduce CO2 emissions by approximately 5,000 tons.

As the first Japanese company to join RE100 in April 2017, Ricoh has undertaken numerous energy saving and related initiatives. It has also installed in-house facilities to generate renewable electricity andhas switched to electricity sources with higher proportions of renewable energy, accelerating its effortsacross various sites. The initiatives undertaken by the production sites, all company facilities for A3 MFPassembly facilities in China, Thailand and Japan, have all switched to renewable electricity this year.Moreover, 10 sales companies*3 in Europe have switched to 100% renewable electricity. As for Japanesedomestic initiatives, the Gifu branch of Ricoh Japan, achieved the third-party Nearly ZEB*4 qualificationthrough its comprehensive energy saving efforts and generation and utilization of renewable electricity.They introduced a solar power generator and an electricity storage device. Ricoh plans to subsequentlyimplement ZEB*5 at other new-build branches and sales sites across Japan in the future.

As well as further increasing its use of renewable electricity for business, initiatives to expand the use ofrenewable electricity at production sites allows Ricoh, together with our stakeholders, provide productswith less environmental impact that accelerate the achievement of a zero-carbon society.

1. RE100: A global initiative supported by companies agreeing to procure 100% of the electricity used for operations fromrenewable energy sources. Ricoh aims to source at least 30% renewable electricity by 2030 and switch to 100% renewableelectricity by 2050.
2. PPA model: Power Purchase Agreement is a type of contract between a power producer and an electricity consumer.Electricity generation facilities can be installed in spaces offered by an electricity consumer, such as its premises orrooftop.
3. 10 sales companies in Europe:Ricoh Austria GmbH, Ricoh Deutschland GmbH, Ricoh Europe (Netherlands) B.V., Ricoh España S.L.U. Ricoh EuropeSCM B.V., Ricoh International B.V., Ricoh Italia Srl., Ricoh Luxembourg PSF Sàrl, Ricoh Nederland B.V., RicohSverige AB.
4. Nearly ZEB: Nearly Net Zero Energy Building. A building conserving 75% or more of its energy, approaching zeroenergy consumption annually.
5. ZEB: Net Zero Energy Building. A building achieving a significant reduction of energy consumption annually.There are three levels to achieve ZEB per conserving ratio against national criteria.ZEB (100% or more), Nearly ZEB (75% or more) and ZEB Ready (50% or more)
   

<Production sites that commenced the use of renewable energy>
Wuxi, China - Ricoh Thermal Media (Wuxi) Co., Ltd.
(Production item: Thermal media)
Telford and Stirling, UK - Ricoh UK Products Ltd.
(Production item: Supplies of office printing products and supplies of commercial printers)

The roof of Ricoh Thermal Media （Wuxi） Co., Ltd.

About Ricoh

Ricoh is empowering digital workplaces using innovative technologies and services enabling individuals to work smarter. For more than 80 years, Ricoh has been driving innovation and is a leading provider of document management solutions, IT services, communication services, commercial and industrial printing, digital cameras, and industrial systems.

Headquartered in Tokyo, Ricoh Group operates in approximately 200 countries and regions. In the financial year ended March 2019, Ricoh Group had worldwide sales of 2,013 billion yen (approx. 18.1 billion USD).

For further information, please visit www.ricoh.com