Ricoh has announced its inclusion in the TIME World's Most Sustainable Companies of 2024. As one of the top 500 companies from more than 30 countries, Ricoh ranked 151st in the overall ranking and 8th out of 39 in the Electronics, Hardware & Equipment industry sector. This recognition underscores Ricoh's global leadership in transparency, stewardship and its unwavering commitment to achieving a sustainable society through comprehensive environmental, social and governance (ESG) initiatives.

This newly released ranking, compiled by TIME Magazine and research provider Statista, recognized companies that prioritize sustainability and advance corporate responsibility. Based on factors such as revenue, market capitalization and public prominence, it assessed more than 5,000 companies through a four-step process with more than 20 key data points.

• Sustainable Businesses: Exclusion of companies that did not meet sustainability criteria
• Commitment & Ratings: Public commitment to sustainable targets and performance in external rating, such as Carbon Disclosure Project (CDP) score
• Reporting & Transparency: Publication of ESG report with data for 2022 and use of relevant guidelines, such as alignment with Global Reporting Initiative (GRI) and Sustainability Accounting Standards Board (SASB)
• Environmental & Social Stewardship: Environmental and social key performance indicators (KPIs) from corporate social responsibility (CSR) reports, including metrics on emissions, energy use, renewable energy, gender diversity and employee turnover rates.

This year, Ricoh has also been named in the Global 100 Most Sustainable Corporations 2024 by Corporate Knights and Asia-Pacific Climate Leaders 2024 list by the Financial Times and Statista.

Ricoh's approach to sustainability is to pursue a sustainable society through a Three Ps Balance — prosperity (economic), people (society) and planet (environment). To realize this desired society, Ricoh has identified seven material issues in two areas, "Resolving social issues through business" and "Robust management infrastructure," and set 16 ESG targets in linkage with the material to work toward solving these issues. By aligning ESG and business growth, Ricoh continues to enhance its sustainability initiatives.

In other news, Ricoh has announced it has been named a leader again by global market insight and research firm Quocirca in its Cloud Print Services Market Landscape, 2024 report.

According to Quocirca’s research, 69% of organizations are already using a cloud print management solution. However, security is the top barrier of adoption, with 32% of respondents indicating protecting corporate data is a top concern. Quocirca recognized Ricoh as a market leader for its comprehensive cloud portfolio, strong focus on security and commitment to implementing security by design, noting that cloud print has now become an essential part of the company’s managed print service.

The report highlighted RICOH CloudStream, RICOH Smart Integration, and RICOH Streamline NX as examples that enable Ricoh to deliver secure public, private and hybrid hosting options with the ability to customize and integrate. Noting Ricoh’s strategy to offer flexibility, scalability and simplicity in cloud print architecture, administration and commercial model, Quocirca acknowledged Ricoh's commitment for driving innovation in its products and services to ensure it delivers seamless cloud-based print and capture solutions with robust security measures and intuitive user experiences.

"As we move toward an increasingly distributed workforce, Ricoh is dedicated to the continued development and delivery of cloud-based solutions that enable businesses to remotely capture and share information in a consistent, secure, and cost-effective manner," said Scott Dabice, vice president of commercial strategy and operations, Ricoh North America. "As more organizations from SMBs to large enterprises adjust to evolving conditions shaping the workplace, such as hybrid work and artificial intelligence, protecting information is paramount. With data centers located in the U.S. and Canada that are in compliance with local data sovereignty laws and regulations, Ricoh is committed to maintaining the integrity of customers' data and workflows, whether in the cloud or on-site, while managing the tools that help drive their digital transformation journey."

Quocirca defines market leaders as vendors who lead the market in both strategic vision and depth of service offering, having made significant investments in their service portfolio and infrastructure, and are supported by strong delivery capabilities. Quocirca cited several key differentiators contributing to Ricoh’s leadership position, including:

• A comprehensive portfolio of solutions covering areas such as print and device management, capture and workflow, enterprise output management, mobile printing, payment services, quotas and budgeting.
• The flexibility and scalability of its solutions, such as RICOH CloudStream, which enables customer choice across multitenant public cloud services, and tailored integrated features of RICOH Smart Integration, providing cloud-based apps and document workflows with the ability to tailor the platform to customers' specific needs and integrate with other systems.
• A global focus evidenced by multivendor solutions, including RICOH CloudStream, that gives customers a seamless workplace print and capture experience across regions and device types, and a support center offering enhanced SLAs and local in-language teams for customers globally creating a complete cloud-managed print service.
• A strong commitment to prioritizing and implementing security by design with solutions that support zero-trust architecture, high availability and remote management.