Ricoh selected as one of the 2023 Global 100 Most Sustainable Corporations in the World
TOKYO, January 18, 2023 – Ricoh has been rated as one of the Global 100 Most Sustainable Corporations in the world. This marks the 11th selection for Ricoh, which was selected for 10 consecutive years from 2005 to 2014.
The Global 100 is an annual ranking of the world's most sustainable corporations published by Canada-based Corporate Knights. The assessment is executed across key indicators, including environmental, social, and governance performance, % sustainable revenue, % sustainable investment, climate-related lobbying activities, and sustainability-linked pay. The assessment results are announced each year during the World Economic Forum's annual meeting in Davos, Switzerland. The 19th annual ranking, the 2023 Global 100, assessed 6,720 publicly-traded companies with over US$1 billion in revenue.
Jake Yamashita, President and CEO, says: “In 2020, we positioned ESG initiatives as future financial targets, one of the dual companywide management targets along with regular financial goals. This ranking is a testament to Ricoh's continuous and accelerated commitment to sustainability, such as incorporating ESG indicators into our executive compensation and actively lobbying for climate change action by joining the conversation on renewable energy with the Japanese government.”
Ricoh's approach to sustainability is to pursue a sustainable society through a Three Ps Balance—Prosperity (economic), People (society), and Planet (environment). To realize this desired society, Ricoh has identified seven material issues in two areas, “Resolving social issues through business” and “Robust management infrastructure,” and set 17 ESG targets in linkage with the material to work toward solving these issues.
Ricoh will continue to contribute to solving social issues and achieving the Sustainable Development Goals through its business activities.
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