Ricoh recognised as Supplier Engagement Leader by CDP for third year running
TOKYO, March 16, 2023 – Ricoh Company, Ltd. has once again received an “A” score as part of CDP's annual Supplier Engagement Rating (SER) and been placed on the prestigious CDP 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* celebrates the highest-rated companies in the Supplier Engagement Leaderboard, of which Ricoh features in the top 8% (approx. 650 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 decarbonisation 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, Ricoh has provided recycled products leveraging its 3R (reduce, reuse, recycle) technology and global collection system it has cultivated over years. Along with these initiatives, Ricoh recognises its active support for suppliers' decarbonising activities and information disclosure are 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 recognises 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 realise a zero-carbon society across the entire value chain.”
*CDP is a global non-profit organisation 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.