The Ricoh Group addresses the issue of soil and underground water contamination from the three viewpoints of social responsibility, environmental risks, and financial risks. With this recognition, the Group established the Standards for the Management of Risks Related to Soil and Underground Water Contamination and has been working in conformity with basic policies set under the standards. At sites where contamination has been detected, appropriate measures are underway according to the specific scenario that each site has drawn up for complete purification. These contaminated sites estimate the costs that will be required before purification is completed, aiming to ensure optimized costs in the medium and long term for all necessary work. The cleanup status is checked on a regular basis, and if unexpected discoveries are made, the purification plan is reviewed without delay and revised as appropriate.
Pollution cleanups are often costly, and there is a good likelihood that a cleanup may cause a heavy loss to business. Ricoh sets aside adequate reserves for possible future losses from repairs of environmental damage based on reasonable cost estimates. As of March 31, 2010, Ricoh had set aside ¥970 million in reserves for soil purification.
The Ricoh Group's Basic Policies Concerning Soil and Underground Water Contamination
(1) Top priority is given to preventing health hazards.
(2) Efforts will be made to carry out surveys and measures to cope with contamination caused by the Ricoh Group's business activities
(3) Laws, regulations, and ordinances set by national and local governments shall be observed
(4) Efforts will be made to establish risk communication with local governments and residents
(5) Soil is checked for contamination when land is purchased/transferred or rented/returned