Ricoh Concludes a Positive Impact Finance Loan Agreement with Sumitomo Mitsui Trust Bank

28 Jul 2022

High evaluation of the Ricoh Group's proactive ESG initiatives

TOKYO, July 26, 2022 – Ricoh and Sumitomo Mitsui Trust Bank, Limited (“Sumitomo Mitsui Trust Bank”) have concluded a “Positive Impact Finance (with unspecified use of funds)” loan agreement that is in line with the Principles for Positive Impact Finance*1 released by the United Nations Environment Programme Finance Initiative (“UNEP FI”)*2

Positive Impact Finance (“PIF”) is intended to support corporations' activities that comprehensively analyze and evaluate their impacts (both positive and negative) related to the environment, society, and the economy. The most notable feature of PIF is that the degree of contribution from corporate activities, products, and services in achieving Sustainable Development Goals is used as an evaluation indicator and monitored based on publicly disclosed information and supports corporations' activities to achieve these goals through engagement.

Ricoh has identified seven material issues in two areas, “Resolving social issues through business” and “Robust management infrastructure,” to support materiality. Ricoh has positioned ESG initiatives as “essential for generating future finances,” setting 17 future financial targets (ESG targets) linked to the material issues. Progress on ESG goals is adopted as an evaluation item in this loan agreement.

Theme Content Goals and Indicators SDGs
Contribution to Zero-carbon Society Upholding the Science Based Target (SBT) of 1.5°C, we will work to reduce GHG emissions substantially and supply products and solutions that contribute to the decarbonization of society as a whole.

(a) Developing thorough energy conservation and CO2 reduction activities


  • Reduce GHG emissions (Scope 1 and 2) by 30% by FY2022 and 63% by 2030 (compared to FY2015)
  • Reduce GHG emissions (Scope 3 procurement, use, and logistics categories) by 20% by FY2022 and 40% by FY2030 (compared to FY2015)
  • Carbon neutrality of the entire value chain by 2050

Indicators (KPI)

GHG emissions (Scope 1, 2, and 3)

(b) Active utilization of renewable energy


Switch to renewable energy sources for 30% of electricity needed for business by FY2022, 50% by 2030, and 100% by 2050.

Indicators (KPI)

Renewable energy usage ratio

Contribution to Circular Economy We will further enhance our 3Rs (reduce, reuse and recycle) measures and reduce the use and foster the substitution of plastic materials and provide on-demand printing service, thereby helping customers make efficient use of resources. Goals
  • Reduce the rate of new resource use in products to 85% or less by FY2022, 60% or less by 2030, and 12% or less by 2050.
  • Reduce the use of “virgin fossil-based plastic” in product packaging by 50% or more by 2030.
  • Increase the percentage of recycled plastic materials used in imaging products to at least 50% by 2030
  • Complete material labeling and single-material labeling for all plastic parts and packaging materials by 2025
Indicators (KPI)
  • Virgin material usage ratio
  • Amount of “virgin fossil-based plastic” used in product packaging
  • Percentage of recycled plastic materials used in imaging products
  • Progress in material labeling and single-material labeling for plastic parts and packaging materials

Improving the Quality of Medical, Educational, and Regional Services We will help improve medical, educational and regional services by utilizing the digital technologies and know-how that we have accumulated for office solutions.


Contribute to the enhancement of social infrastructure of 10 million people by FY2022 and 30 million people by 2030.

Indicators (KPI)


Number of people to whom we have contributed by improving social infrastructure

Strengthening Sustainability throughout the Global Supply Chain We will strengthen collaboration with our business partners and build a Win-Win-Win relationship between our company, business partners, and society. Goals
  • Obtain Responsible Business Alliance (RBA) certification at all six major production sites by FY2022
  • Completion of Ricoh Group Supplier Code of Conduct signatures from all key suppliers by FY2022
Indicators (KPI)
  • Production sites with RBA certification
  • Suppliers to sign Ricoh Group Supplier Code of Conduct

Realization of decent work and respect for diversity We will respect the diversity of employees, upholding the empowerment of self-motivated employees in our management policy and strive to create workplaces where employees can work with vigor Goals
  • Ratio of female executives to be at least 18% in Japan by 2030
  • Increase the ratio of female managers to at least 7.0% in Japan and 16.5% globally by FY2022
  • Ricoh Family Group employee engagement scores to be at or above the regional 50th percentile benchmark in each region by FY2022
Indicators (KPI)
  • Female executive ratio
  • Female manager ratio
  • Ricoh Family Group employee engagement score


To ensure the transparency and objectivity of the evaluation, Sumitomo Mitsui Trust Bank obtained a third-party opinion*3 from Japan Credit Rating Agency, Ltd.

Based on our concept of sustainability, “Driving Sustainability for Our Future,” Ricoh is committed to offering new value that helps society by resolving social issues through our business. Ricoh will continue to create new value that is useful to the world and fulfill its responsibility to improve the quality of life and create a sustainable society.

  1. The Principles for Positive Impact Finance

    The Principles for Positive Impact Finance was developed by UNEP FI in January 2017 as a financial framework for achieving the SDGs. Companies disclose the level of contributions to achieving SDGs through KPIs. Banks then provide funding by evaluating the positive impact observed from these KPIs that is intended to guide the borrowers to increase positive impact and reduce negative impact.

    The lending bank, as a responsible financial institution, will check if the impact is continuing or not by monitoring the indicators.
  2. The United Nations Environment Programme Finance Initiative (UNEP FI)

    The United Nations Environment Programme (UNEP) is an executive body for implementing the “Human Environment Declaration” and the “International Environmental Action Programme”, established in 1972 as a subsidiary body to the United Nations system. UNEP FI represents a broad as well as a close partnership between UNEP and more than 200 global financial institutions. Since its establishment in 1992, UNEP FI has been working in concert with financial institutions and policy/regulatory authorities to transform itself into a financial system that integrates economic development and ESG considerations.
  3. For information on Japan Credit Rating Agency, Ltd., please visit:

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