TOKYO, July 30, 2021 – Ricoh Company, Ltd. has once again been selected for inclusion in the FTSE4Good Index Series, the FTSE Blossom Japan Index, and the MSCI Japan Empowering Women Index, which are share price indices for Environmental, Social and Governance (ESG) investments*.
Ricoh has been included in the FTSE4Good Index for the past 18 consecutive years, and the FTSE Blossom Japan Index and the MSCI Japan Empowering Women Index since being established in 2017.
Ricoh’s approach to sustainability is to pursue a sustainable society through a Three Ps Balance – Prosperity (economic), People (society), and Planet (environment). In order to realize this desired society, Ricoh has identified seven material issues in two areas, “Resolving social issues through business” and “Robust management infrastructure,” set 17 relevant ESG targets, and endeavor to incorporate them into group-wide efforts.
Ricoh’s top management has positioned “diversity” and “work-life management” as part of its growth strategy and has been driving various initiatives to promote empowerment of women. Starting in 2020, Ricoh set “diversity and inclusion” as one of the materiality issues to be addressed as part of its efforts to strengthen its robust management infrastructure. Ricoh have set the ratio of female managers as an ESG target and is strengthening its efforts centered on changing work styles and providing career support. In addition, Ricoh joined the 30% Club Japan in November 2020, which aims to increase the ratio of female executives in companies.
Ricoh will contribute to achieving the UN’S Sustainable Development Goals (SDGs) by solving social issues through business and realizing a sustainable society.
* ESG investments are those that consider more than a company’s financial performance, but also their approach to Environmental, Social, and Governance (ESG) practices. ESG investments are based on the understanding that emphasis on good ESG practices can help eliminate risk. Such information cannot be gleaned from regular financial reports. ESG investments can lead to more sustainable growth and greater mid-to-long term revenue potential for those companies.
Ricoh’s Approach to Seven Material Issues and ESG Targets
Diversity and Work-Life Management
FTSE4Good Index Series
FTSE Blossom Japan Index
MSCI Japan Empowering Women Index