EcoVadis has awarded Ricoh a Gold rating in its latest survey.
This places Ricoh among the top five per cent of companies assessed in the industry in terms of sustainability performance.
Established in 2007, EcoVadis provides global business sustainability ratings. It focuses on corporate environmental, social, and governance practices. It works to help companies improve their environmental and social practices through their global supply chains. In addition, EcoVadis assesses more than 90,000 companies from over 160 countries. The assessments cover 200 business sectors on corporate policies, initiatives and achievements. It looks at four key areas: environment, labour and human rights, ethics, and sustainable procurement.
Ricoh received its first Gold rating in 2014. Since then, the company has consecutively received the Gold rating. The company received “high recognition in the areas of environment and sustainable procurement”. Ricoh sees this as a testament to its proactive approach to addressing environmental management and sustainable procurement activities in collaboration with suppliers”.
In 2019, Ricoh became the first Japanese company to participate in the Business for Inclusive Growth initiative to tackle inequality in workplaces and supply chains. It joined the Responsible Business Alliance in the same year. This promotes social responsibility in global supply chains.
In order to provide an effective global framework for its environmental, social, and governance activities, Ricoh has identified seven priority issues, aligned to 12 sustainable development goals. Ricoh aims to resolve these issues through its business activities. It aims to realise a sustainable society that balances economic, social, and global environmental issues. Ricoh will contribute to achieving the sustainable development goals by solving social issues.