Ricoh concludes fourth Mizuho Eco Finance loan agreement with Mizuho Bank

TOKYO, May 29, 2024 – Ricoh announced today it has signed a loan agreement with Mizuho Bank, Ltd. (hereinafter “Mizuho Bank”) for Mizuho Environmentally Conscious Financing (hereinafter “Mizuho Eco Finance”). Based on the Bank of Japan's Funds-Supplying Operations to Support Financing for Climate Change Responses^*1, this loan was deemed to contribute to addressing climate change by Mizuho Bank.

Mizuho Eco Finance is an environmental evaluation credit product provided by Mizuho Bank to encourage businesses' efforts to move to a zero-carbon society. Mizuho Research & Technologies' environmental evaluation model incorporates and benchmarks globally accepted environmental verification and evaluation ratings to evaluate client initiatives and provides financing to those companies achieving a specific minimum score.

Ricoh's endorsement of Task Force on Climate-related Financial Disclosures (TCFD) in August 2018, March 2020 Science Based Targets initiative^*2 approval of Ricoh goals aligning with the 1.5°C criteria, medium- to long-term greenhouse gas (GHG) reduction targets for net zero emissions by 2050, and the annual disclosure of GHG emission throughout the supply chain met the indicators used in the evaluation model in a high standard and led to this agreement.

*1

Funds-Supplying Operations by the Bank of Japan to support financing of the private sector for their efforts on climate change through loans. Mizuho Bank has been selected as a recipient of this framework and supports private companies' efforts to reduce GHG emissions through financing.

*2

A global initiative certifies that companies' GHG reduction goals are in keeping with scientific evidence

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