Ricoh says it is aiming for net zero Scope 1 and 2 greenhouse gas emissions by 2040 by shifting to 100% renewable energy, plans to reduce Scope 3 emissions by 65% by 2040

Ricoh today announced its new environmental goals for 2040: net zero greenhouse gas (GHG) emissions^*1 under Scope 1 and 2, 100% shift to renewable energy for electricity consumption in its business activities (RE100^*2), advancing its original 2050 targets by ten years. To accelerate Ricoh's response to climate change, an urgent global issue, these goals aim to reduce 90% GHG emissions from fiscal 2015 through voluntary efforts and 10% reduction through offset by internationally acceptable methods^*3. The new 2040 goals also include a 65% Scope 3 reduction rate in all categories from fiscal 2015, an expansion from 2030 Scope 3 goal of selected categories: 1 (procurement), 4 (transportation), and 11 (use). Achieving Scope 1, 2, and 3 net-zero by 2050 is another latest addition where Ricoh aims for a 90% emissions reduction from fiscal 2015 levels through voluntary efforts.