Ricoh advances zero greenhouse gas emissions Scope 1 and 2 to 2040 and strengthens Scope 3 reduction

Ricoh Group revises decarbonisation goals to accelerate climate change 

Ricoh today announced its new environmental goals for 2040: net zero greenhouse gas (GHG) emissions*¹ under Scope 1 and 2, 100% shift to renewable energy for electricity consumption in its business activities (RE100*²), advancing its original 2050 targets by ten years. 

To accelerate Ricoh’s response to climate change, an urgent global issue, these goals aim to reduce 90% GHG emissions from fiscal 2015 through voluntary efforts and 10% reduction through offset by internationally acceptable methods*³. The new 2040 goals also include a 65% Scope 3 reduction rate in all categories from fiscal 2015, an expansion from 2030 Scope 3 goal of selected categories: 1 (procurement), 4 (transportation), and 11 (use). Achieving Scope 1, 2, and 3 net zero by 2050 is another latest addition where Ricoh aims for a 90% emissions reduction from fiscal 2015 levels through voluntary efforts.

In April 2017, Ricoh became the first Japanese company to join RE100 - a collaborative group of the world’s most influential businesses committed to using 100% renewable electricity. In March 2020, Ricoh revised its environmental targets in light of changes in global trend toward combatting global warming by updating its GHG reduction target for its emissions in 2030 from 30% to 63% compared to 2015. The revised target, which was approved by the SBT initiative, aligns with the 1.5°C ambition of the Paris Agreement. In March 2021, Ricoh implemented a comprehensive renewable electricity evaluation system and raised the renewable electricity target to 50% by fiscal 2030.

Mikako Suzuki, Corporate Officer of Ricoh in charge of ESG and Risk Management, says: “Climate change is one of the most inevitable and pressing challenges the world faces. Ricoh’s commitment to zero GHG emissions Scope 1 and 2 by 2040 and strengthening our Scope 3 reduction efforts is not just about accelerating our own sustainability journey. I am excited that it will also enhance Ricoh’s support to our customers in reducing their carbon footprint and emission levels. We will continue our strides to realise a sustainable future through empowering people at work.”

*¹ 90% reduction + residual emission offsets.

*² The global corporate renewable energy initiative bringing together businesses committed to 100% renewable electricity.

*³ In accordance with ISO 14068-1:2023, published in November 2023

*⁴ The 28th Conference of the Parties to the UN Framework Convention on Climate Change

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