Sustainability has become a necessity for companies. It is critical for companies to bridge the knowledge and performance gap by adopting sustainable business practices.
Sustainability can be defined as meeting current needs without compromising the needs of future generations. It has three main pillars: economic, environmental and social.
Rico is among the top three
Recognized technology company Ricoh was recently ranked among the top three presented in IDC’s European report on the maturity of the European technology market for sustainability and social impact. The report provides a detailed comparison of the top 29 vendors representing the Information Technology Product Manufacturing industry. The business was analyzed based on 200 criteria located in three main pillars: Technology Provider Efficiency, Technology as a Tool, and Technology for Wellbeing.
IDC highlights Ricoh’s key strengths in each of these pillars:
- Efficiency as a technology provider – Set clear Environmental, Social, and Governance Goals (ESGs) that are closely linked to Ricoh’s global strategy. This relies on a powerful environmental reporting tool to monitor progress across the region.
- Technology as a Tool: Product Monetization and Energy Efficiency – Providing a sustainable supply based on advice, such as a Sustainability Improvement Program that complements a variety of products and services.
- Technology for Good – Using Ricoh’s technology solutions to raise funds and raise awareness about dementia research through a partnership with Alzheimer’s Research in the UK.
Strengthening the role of the workforce
The report also lists Ricoh’s key initiatives, which include customer trust and privacy, training and education about sustainability, safety and well-being for employees, and strengthening the role of the workforce.
“We believe Ricoh has been recognized for our unwavering commitment to achieving sustainable ESG goals and the ongoing challenge of managing a sustainable program. We have raised our target to reduce global greenhouse gases by 2030 from 30% to 63% compared to the base year 2015 – an indication that we will continue Pushing boundaries for the benefit of people and the planet. I am extremely proud of our achievements and the role we play in helping customers promote environmental responsibility in their operations and adopt a mindset to continually reduce, reuse and recycle wherever possible,” says Nicola Downing, Operations Director of Ricoh Europe.
Vladimir Crowe, Vice President of IDC, notes that “RICO’s performance compared to the IDC Sustainability Framework stems from a balanced presentation of the three main pillars. This quantification attests to Ricoh’s overall ESG strategy, linked to the UN Sustainable Development Goals and integrated into its own governance strategies. it out”.
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