Concept of sustainability
Basic Concept
Driving Sustainability for our Future
he mission and vision of the 海角社区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 your neighbor, Love your country, Love your work (the Spirit of Three Loves). We are actively engaged in various initiatives aligned with our sustainability message, "Driving Sustainability for Our Future."
The 海角社区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.
Structure and Systems-ESG Committee
The Board of Directors determines and executes ESG policies and business plans, such as determining material social issues (materiality), and monitors, oversees, and advises on management risks and opportunities.
In terms of management structure, we have established the ESG Committee for the purpose of continuously discussing environmental, social, and governance issues faced by 海角社区at the management level and leading the discussions on the quality enhancement of the entire Group. The committee is a decision-making organization that meets quarterly chaired by the CEO and consists of Group Management Committee* members, including the Internal Executive Director and business unit presidents. Audit & Supervisory Board Members, both internal and outside, attend the ESG Committee as observers.
The ESG Committee deliberates on future risks and opportunities for the business in the area of sustainability, identification of material social issues (materiality), and setting of ESG targets. Important matters are decided on with the approval of the Board of Directors.
* Group Management Committee: The Board of Directors delegates authority to the Group Management Committee, which comprises executive officers who meet specific qualification requirements.
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
| Fiscal 2024 | Agenda | |
|---|---|---|
| First
Meeting |
May |
|
| Second
Meeting |
August |
|
| Third
Meeting |
November |
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| Fourth Meeting |
February |
|
*1 TCFD (Task Force on Climate-related Financial Disclosures): Established by the Financial Stability Board (FSB) to promote the disclosure of climate-related risks and opportunities for companies and to stabilize financial markets through a smooth transition to a low-carbon society.
*2 TNFD (Task Force on Nature-related Financial Disclosures): Task Force established in June 2021 to provide a framework for nature-related risk management and disclosure. Final recommendations of the TNFD (v1.0) were issued in September 2023 to help companies and financial institutions identify, assess, manage and disclose nature-related issues.
*3 RE100: An international initiative comprising companies committed to procuring 100% of the electricity needed for their business operations from renewable energy sources