Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]Ricoh has a process in place to manage our direct and indirect engagement activities whether to be consistent with our overall climate change strategy as follows; Sustainability Management Division (SMD) is responsible for information collection and analysis and managing lobbying activities related to the environment laws and regulations covering all the products area. SMD sets strategies/directions for lobbying, how to engage with policy makers.
Based on strategies/directives, business units and other organizations conduct lobbying and information gathering activities in coordination and consultation with industry associations, research firms, and laws and regulations development bodies/government offices.
At the ESG Committee meetings held at least once a quarter, all activities are reported to the CEO, CFO, and those responsible for production, development, sales, risk governance, sustainability, and other areas, which are then discussed and decisions are made based on these reports.
According to this process, multiple engagement activities related climate change across business units and regions are being properly managed and prioritized. These engagement activities are also disclosed in the investor relations.
At Ricoh, we have obtained SBTi certification after having set up environmental goals based on the Paris Agreement and IPCC reports through this process. And, in order to achieve this goal, we have participated in JCI and JCLP as a founding member, which are alliances comprised of companies, municipalities, groups and NGOs which are proactively working on countermeasures for climate change and are making appeals to policy decision makers with respect to the setting of emission reduction amounts in alignment with the Paris Agreement and with respect to the introduction of renewable energy.
In order to participate in JCI, companies are required to pledge to stand at the forefront of global challenges in order to realize the decarbonized society envisioned by the Paris Agreement.
Moreover, we have been deploying business activities which conforms with policy engagement, such as by setting up goals which address environmental targets at individual business departments handling development, production and sales, and at affiliate companies, whereby we then rouse customer interest in MFPs produced at plants which have achieved RE100.