Infomation Ricoh Chairperson and JCLP Co-chair visit Chief Cabinet Secretary to discuss proposal on accelerating decarbonization

TOKYO, November 29, 2024 – Ricoh today announced Jake Yamashita, its Chairperson and Co-Chair of the Japan Climate Leaders' Partnership (JCLP)*, has visited Yoshimasa Hayashi, Chief Cabinet Secretary on November 27 to discuss a JCLP policy proposal to accelerate greenhouse gas (GHG) emission reductions and increase in the ratio of renewable energy to halt the climate crisis and achieve economic growth in Japan. JCLP disclosed the proposal on November 14 following the inauguration of the second Ishiba cabinet.

JCLP calls on the Japanese government to raise its 2035 GHG emission reduction targets to more than 75% from 2013 levels and increase the share of renewable energy to more than 60%. JCLP stressed the importance of strengthening economic security, transitioning to a high value-added economy, and regional development and conveyed its expectations for the government.

Nov. 27 visit of Yoshimasa Hayashi, Chief Cabinet Secretary (Second from the right, Jake Yamashita, Chairperson of Ricoh)

  • *
    JCLP is a coalition of businesses in Japan launched in 2009 to encourage the business sector to develop a sound sense of urgency on climate action. It aims to become leading companies necessary on the pathway towards a decarbonized society. As a cross-sectoral business group, it has a membership of 250 including major companies in Japan (as of November 2024), its total sales are estimated to be ¥157 trillion, and electricity demand together amounts to approx. 78 TWh (including overseas businesses). Since April 2017, JCLP has been the Climate Group's Regional Delivery Partner on RE100, EP100 and EV100 initiatives in Japan. The group is actively working on collaboration with various actors from local governments to international organizations as seen in the signing of a comprehensive partnership agreement with Yokohama City and co-hosting of RE Action, Japan's unique initiative to support small and medium enterprises and other organizations to declare 100% renewable electricity.

| About Ricoh |

Ricoh is a leading provider of integrated digital services and print and imaging solutions designed to support digital transformation of workplaces, workspaces and optimize business performance.

Headquartered in Tokyo, Ricoh's global operation reaches customers in approximately 200 countries and regions, supported by cultivated knowledge, technologies, and organizational capabilities nurtured over its 85-year history. In the financial year ended March 2024, Ricoh Group had worldwide sales of 2,348 billion yen (approx. 15.5 billion USD).

It is Ricoh's mission and vision to empower individuals to find Fulfillment through Work by understanding and transforming how people work so we can unleash their potential and creativity to realize a sustainable future.

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