Global News

Ricoh placed on CDP2022 Supplier Engagement Rating Leaderboard for three consecutive years

Mar 16, 2023

TOKYO, March 16, 2023 – Ricoh Company, Ltd. has been awarded an “A” rating as part of the CDP's annual Supplier Engagement Rating and placed on the prestigious CDP2022 Supplier Engagement Rating Leaderboard for the third year in a row.

CDP's annual SER is designed to evaluate and spur action on corporate supply chain engagement on climate issues, based on the CDP climate change questionnaire. The CDP* celebrated highest-rated companies in the Supplier Engagement Leaderboard. Ricoh is amongst the top 8% (approx. 650 companies) of the total assessed companies.

Ricoh aims to achieve a zero-carbon society by reducing GHG emissions in the entire supply chain by 40% (procurement, use, and transportation categories), compared to 2015, by 2030. This environmental target has been certified as “1.5°C targets” by the SBT Initiative (SBTi). In addition to promoting decarbonization initiatives within the Group, Ricoh also holds briefing sessions for suppliers to ensure that they meet the GHG reduction targets aligning with the SBTi 2°C criteria. Under the Comet Circle concept established in 1994, we have provided recycled products leveraging our 3R (reduce, reuse, recycle) technology and global collection system we have cultivated over years. Along with these initiatives, we recognize our active support for suppliers' decarbonizing activities and information disclosure were highly regarded internationally, and led to this recognition.

“We take great pride in our steadfast dedication to achieving ESG targets and supporting suppliers to promote environmental responsibility in their operations.” said Mikako Suzuki, Corporate Officer and Head of ESG Strategy Division, Ricoh Company, Ltd. “Ricoh recognizes climate change as one of the most critical social issues and promotes energy-saving activities and renewable energy use in its own facilities. It also encourages collaboration from partners and customers to realize a zero-carbon society across the entire value chain.”

*CDP is a global non-profit organization that drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests. In 2022, over 680 investors with over US$130 trillion in assets and 280 major purchasers with US$6.4 trillion in procurement spend requested companies to disclose data on environmental impacts, risks and opportunities through CDP's platform, and a record-breaking over 18,700 companies responded.

Fully TCFD aligned, CDP holds the largest environmental database in the world, and CDP scores are widely used to drive investment and procurement decisions towards a zero carbon, sustainable and resilient economy. CDP is a founding member of the Science Based Targets initiative, We Mean Business Coalition, The Investor Agenda and the Net Zero Asset Managers initiative.