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Ricoh Group Integrated Report 2021

Ricoh Group Integrated Report 2021 selected as "Excellent Integrated Report"

Tokyo, February 14, 2022 – The Ricoh Group Integrated Report 2021 has received a high assessment from the external asset managers responsible for domestic equity investment at the Government of Japan Pension Investment Fund (GPIF). Among all the companies nominated with an "excellent integrated report", Ricoh received the highest number of votes from five asset managers.

The Government of Japan (Government Pension Investment Fund) GPIF asked its external asset managers responsible for domestic equity investment to propose "excellent and improved integrated reporting." This year, the GPIF asked external asset managers to nominate up to 10 companies each, and the survey result was compiled into two lists composed of 77 (77 in the previous survey) and 100 (94 in the previous survey) companies selected for having created excellent and improved integrated reports. Of all the nominated companies, only six were selected by four or more external managers for their excellent integrated report.

Ricoh has been selected as an "excellent integrated report" for four consecutive years and, this year, also as an "enhanced integrated report".

The following comments are from asset managers who highly evaluated Ricoh's report:

  • With the founding principles of The Spirit of the Three Loves, "Love thy neighbor, Love thy country, Love thy work", as a starting point, the report consistently outlines Ricoh's vision and concrete path as a digital services company, not only to improve the productivity and efficiency of its customers, but also to support their creative work. The report is also comprehensive in quantitative information, making it persuasive.
  • The report provides a concrete and detailed description of what the company intends in its medium-term management plan. When read in conjunction with the TCFD (Task Force on Climate-related Financial Disclosures) report, it allows readers to understand the history and detailed analysis of the company's sustainability initiatives and their profound impact on it.
  • The company's growth story is described very simply and clearly. In addition, the company's proactive stance on disclosure is evident throughout the report, such as its extensive disclosure on climate change.
  • The process of creating value to become a digital services company, identifying materiality and KPIs are clear and easy to follow. Quantitative information is abundant and easy to understand, such as disclosure of real opportunities in relation to climate change.
  • Explaining business strategies linked to ESG (Environmental, Social and Governance) issues makes it easy to understand the value creation process, which also leads to a portfolio management strategy. In addition, the report covers all ESG elements that investors expect to be disclosed.
By 2025, Ricoh strives to become a digital services company that connects workplaces and supports employee creativity. This year's report presents medium- and long-term value creation processes and initiatives and examples of how Ricoh will achieve this goal.
Through proactive outreach, Ricoh strives to gain stakeholder understanding and support regarding various aspects of corporate activities, while leveraging information to improve operations and corporate value.

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| About GPIF |
GPIF stands for Government Pension Investment Fund and is Japan's Independent Administrative Institution for the Management and Administration of Pension Funds. The GPIF manages and invests the Reserve Funds of the public investment plans deposited in it. The GPIF, the world's largest investment fund, managed 199.3 trillion yen of assets at the end of December 2021.