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Sustainability
Concept of sustainability

Concept of sustainability

Basic Concept
Driving Sustainability for our Future

The mission and vision of the Ricoh Group are as follows: "At Ricoh, we empower individuals to find fulfillment through work by understanding and transforming how people work, unleashing their potential and creativity to realize a sustainable future." This mission is based on the founding spirit of "Love People, Love Country, Love Work" (the Spirit of Three Loves). We are actively engaged in various initiatives aligned with our sustainability message, "Driving Sustainability for Our Future."

The Ricoh Group strives for sustainability through a Three Ps Balance: Prosperity (economic activities), People (society), and Planet (environment). In line with this, we are committed to addressing social issues through our business, strengthening our operational foundations, and contributing to society and will help to reach Sustainable Development Goals (SDGs)* agreed by the international community.

*Sustainable development goals
This set of universal priorities and goals through 2030 under an accord with the United Nations comprises 17 goals and 169 targets.

SDGs and seven material issues

Structure and Systems-ESG Committee

The ESG Committee is a decision-making body that aims to respond promptly and appropriately to the expectations and requests of stakeholders by continuously discussing environmental, social, and governance issues faced by the Ricoh Group at a management-level and leading the discussions to the quality enhancement of the entire Group.

The committee is chaired by the CEO and consists of GMC members including Internal Directors, and business unit presidents*. The committee, which meets quarterly, has established a system to examine and discuss ESG issues across the Company by inviting representatives of the relevant business divisions according to the theme to be discussed, and other means.
* Full-time Audit & Supervisory Board Members participate as observers

ESG Committee

Role of the ESG Committee

Supervise and advise on ESG strategy formulation, material issues, and progress in KPIs for each business division throughout the entire Group
Identify medium- to long-term ESG risks and opportunities as well as material issues faced by the entire Group
Identify ESG issues to be submitted for discussion at the Board of Directors and report them to the Board of Directors

In FY2023, ESG Committee meetings were held four times to discuss the following.

Fiscal 2023		Agenda
First Meeting	May	Deliberations on disclosure content for the convocation notice of general meeting of shareholders and the annual securities report Report on the results of fiscal 2022 material ESG items
Second Meeting	August	Approval of disclosure of sales in businesses resolving social issues Approval of revision to the Ricoh Group Code of Conduct Report in response to CSRD^*1
Third Meeting	November	Deliberations on revision to decarbonization goals Approval of 2024 renewable energy implementation plan Report on RBA^2 audit results Report on natural symbiosis site certification based on 30by30^3
Fourth Meeting	February	Approval of new decarbonization goals Report on future human rights risk reduction measures based on human rights due diligence Report on fiscal 2023 ESG external evaluation results and improvement activities

*1 CSRD (Corporate Sustainability Reporting Directive): Directive for corporate sustainability reporting in the EU
*2 RBA (Responsible Business Alliance): A global business alliance aimed at ensuring corporate social responsibility in global supply chains
*3 30by30: An objective of effectively conserving at least 30% of land and sea as healthy ecosystems by 2030 aimed at achieving the goal of halting and reversing biodiversity loss by 2030 (Nature Positive)

Concept of sustainability

Basic ConceptDriving Sustainability for our Future

Structure and Systems-ESG Committee

Role of the ESG Committee

Basic Concept
Driving Sustainability for our Future