Japan Partnership for Circular Economy

Japan Partnership for Circular Economy

RICOH Company, Ltd.

RICOH Company, Ltd.
's cases

Basic values and policies for initiatives towards circular economy

The Ricoh Group established the Comet Circle™ *1 in 1994 as a concept to achieve a circular economy. Based on the concept of the Comet Circle, we have been promoting the reduction of environmental impact throughout the entire life cycle of our products. In order to prevent the depletion of the Earth's limited resources and create a sustainable society for the future, we have identified the "realization of a circular economy" that can produce maximum effects with minimal resources and energy as our materiality*2.

[Resource Conservation Policy]*3

〇 Promote the efficient use and circulation of natural resources.

〇 Offer reused products and promote proactive use of sustainable resources with low environmental impact.


Market opportunities and our strengths in circular business

The Ricoh Group has formulated an environmentally friendly design policy that incorporates the perspectives of reuse, recycling, and long-term use into the design concept of products and their packaging materials, promoting the 3Rs, extending product life, and reducing plastic packaging materials. We have established an implementation system for the collection, reuse, and recycling of used products, and are expanding our product and part recycling business globally. In addition, we are applying various technologies cultivated in the development of imaging equipment to work on solving social issues such as recycling waste plastics, providing new value that contributes to a circular economy.


Setting indices/targets

〇Virgin material usage ratio for products*3: Virgin material usage rate is the usage rate of new resource inputs to total resource inputs of products.

・2050: 12% or less

・2030: 60% or less

〇 Specific Targets and Goals for Plastic*3

・Use of post-consumer recycled plastics for imaging products Goals for 2030: Post-consumer recycled plastic content ratio of 50% or more

・Reduction in packaging materials for virgin plastic derived from fossil resources Goals for 2030: 50% or more reduction compared to 2020 level.


Implementation system

The ESG Committee*4, chaired by the CEO, was established as a decision-making body for the purpose of continually discussing the Ricoh Group's medium- to long-term issues in the ESG field at the management level, improving the management quality of the entire group, and responding to the expectations and requests of stakeholders. It is held quartery and has a system in place to examine and discuss ESG issues across the board. In addition, the business divisions have launched cross-organizational working groups to promote activities such as making products smaller and lighter, expanding product and part recycling businesses, and using recycled materials in products.


Reference URL

*1

https://www.ricoh.com/sustainability/environment/management/policy/comet

*2

https://www.ricoh.com/sustainability/materiality

*3

https://www.ricoh.com/sustainability/environment/circular_economy#section03

*4

https://www.ricoh.com/sustainability/sdgs