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Committed to Reducing Climate Change, Ricoh Delivers Quantifiable Milestones Aimed to Enhance a More Sustainable Society

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Ricoh has recently achieved landmark milestones in its commitment to finding new, innovative ways to enhance a more sustainable future. These quantifiable actions, such as reducing its energy emissions by the equivalent of the carbon emissions from 6,500 passenger vehicles, demonstrate Ricoh’s dedication to continuously finding ways to improve lives and sustain our planet. In fact, Ricoh* has reduced its energy use emissions to a level that is now less than they were in 2010 while also activating other environmental corporate social responsibility (CSR) activities.

“Ricoh is committed to enhancing our environmental sustainability and impacting a more sustainable society as our new world of work evolves,” said Martin Brodigan, Chairman and CEO, Ricoh Americas Corporation. “The way we work today has changed from that of just five years ago – and a big part of that change is how organizations address sustainability. Ricoh has been dedicated to improving sustainability for 40 years, and we are proud to take this expertise and leverage it to help our customers reach their sustainability goals. It’s a cultural focus that we are extremely proud of, and one that we are continuing to see make a true impact on our society both locally and internationally.”

Ranging from international efforts such as being named the official partner of the United Nation’s COP21’s climate conference, to U.S. activities including supporting the White House’s American Business Act on Climate pledge and local accomplishments including the Wildlife at Workbiodiversity conservation certification, Ricoh’s dedication to contributing to advancements in environmental sustainability is front and center. Recent activities, milestones and pledges that support Ricoh’s efforts include:

·         Ricoh is committed to reducing the total lifecycle CO2 emissions of the Ricoh Group by 30% by 2020 and by 87.5% by 2050 from year 2000 levels. In the fiscal year ending March 31, 2015, Ricoh achieved a successful decrease of 35.8%. ·         Wildlife at Work certification – In November 2015, the Wildlife Habitat Council(SM) awarded Ricoh with its Conservation Certification which recognizes corporate conservation efforts. Ricoh’s West Caldwell, NJ office’s Pollinator Gardens has been a constant staple at the facility since April 2012 when WHC biologists surveyed the property. From the fall of 2013, a dedicated team of Ricoh employees, all seeking to help build a more sustainable environment volunteered to plant, monitor, water and weed the garden.

  • Ricoh has joined the U.S. EPA SmartWay® Transport Partnership, an innovative collaboration between the U.S. Environmental Protection Agency (EPA) and industry that provides a framework to assess the environmental and energy efficiency of goods movement supply chain. As a member of this program, Ricoh will contribute to the Partnership’s savings of 144.3 million barrels of oil, $20.6 billion in fuel costs, 61.7 MMT of carbon dioxide, 1,070,000 tons of nitrogen oxides, and 43,000 tons of particulate matter, the equivalent of taking 13 million cars off of the road.
  • Ricoh has been recognized as an outstanding company in the Climate Disclosure Leadership Index (CDLI) through CDP, the international NPO that drives sustainable economies. This recognition demonstrates that Ricoh comprehensively discloses information such as the calculation and management of emissions, climate change strategy, and the process and the results of risk management.
  • In the U.S., Ricoh joined other businesses and consumers to celebrate ENERGY STAR Day, which recognizes the commitment to save energy and protect the planet. The company encouraged employees, customers, partners and family members to take a pledge to reduce carbon emissions. As a result, Ricoh secured nearly 1,400 pledges, one of the top contributors to the overall ENERGY STAR campaign.

·         Green Excellence in Partnership award recipient – The Coalition for Government Procurement named Ricoh the winner of its prestigious Green Excellence in Partnership award in October 2015. This program recognizes individuals in the procurement community who have demonstrated a long-term commitment to improving the federal acquisition system.·         All Ricoh manufacturing and production sites worldwide are certified ISO 14001 for their environmental management system.·         Ricoh has been listed in the Dow Jones Sustainability Indices (DJSI) for three years in a row, obtaining the industry best score in four categories: “Innovation Management,” “Privacy Protection,” “Environmental Policy/Management System” and “Climate Strategy.”·         Ricoh has been featured in the FTSE4Good Index for the past 11 years.

  • Ricoh has started a forest ecosystem conservation project in Mexico which is expected to spur the recovery of the wetland ecosystem, mitigate the damage caused by natural disasters, and improve the lives of local residents.

Ricoh’s Long History of Commitment to Achieving Enhanced Sustainability Ricoh has been a dedicated advocate to supporting the development of a more sustainable society for 40 years when Ricoh announced the establishment of its Environmental Promotion Section in 1976. Ricoh has strived to achieve a balance between the Planet (the environment), People (society) and Profit (economic activities). To achieve this goal, the Ricoh Group follows a number of activities to reduce the environmental impact on the planet exercised by resource extraction, energy use or the release of chemicals, and participates in activities to protect biodiversity.

Energy

Responsible Energy Investments Could Solve Retirement Funding Crisis

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Energy Investments
Shutterstock / By Sergey Nivens | https://www.shutterstock.com/g/nivens

Retiring baby-boomers are facing a retirement cliff, at the same time as mother nature unleashes her fury with devastating storms tied to the impact of global warming. There could be a unique solution to the challenges associated with climate change – investments in clean energy from retirement funds.

Financial savings play a very important role in everyone’s life and one must start planning for it as soon as possible. It’s shocking how quickly seniors can burn through their nest egg – leaving many wondering, “How long will my retirement savings last?”

Let’s take a closer look at how seniors can take baby steps on the path to retiring with dignity, while helping to clean up our environment.

Tip #1: Focus & Determination

Like in other work, it is very important to focus and be determined. If retirement is around the corner, then make sure to start putting some money away for retirement. No one can ever achieve anything without dedication and focus – whether it’s saving the planet, or saving for retirement.

Tip #2: Minimize Spending

One of the most important things that you need to do is to minimize your expenditures. Reducing consumption is good for the planet too!

Tip #3: Visualize Your Goal

You can achieve more if you have a clearly defined goal in life. This about how your money can be used to better the planet – imagine cleaner air, water and a healthier environment to leave to your grandchildren.

Investing in Clean Energy

One of the hottest and most popular industries for investment today is the energy market – the trading of energy commodities. Clean energy commodities are traded alongside dirty energy supplies. You might be surprised to learn that clean energy is becoming much more competitive.

With green biz becoming more popular, it is quickly becoming a powerful tool for diversified retirement investing.

The Future of Green Biz

As far as the future is concerned, energy businesses are going to continue getting bigger and better. There are many leading energy companies in the market that already have very high stock prices, yet people are continuing to investing in them.

Green initiatives are impacting every industry. Go Green campaigns are a PR staple of every modern brand. For the energy-sector in the US, solar energy investments are considered to be the most accessible form of clean energy investment. Though investing in any energy business comes with some risks, the demand for energy isn’t going anywhere.

In conclusion, if you want to start saving for your retirement, then clean energy stocks and commodity trading are some of the best options for wallets and the planet. Investing in clean energy products, like solar power, is a more long-term investment. It’s quite stable and comes with a significant profit margin. And it’s amazing for the planet!

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Energy

What Should We Make of The Clean Growth Strategy?

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Clean Growth Strategy for green energy
Shutterstock Licensed Photo - By sdecoret | https://www.shutterstock.com/g/sdecoret

It was hardly surprising the Clean Growth Strategy (CGS) was much anticipated by industry and environmentalists. After all, its publication was pushed back a couple of times. But with the document now in the public domain, and the Government having run a consultation on its content, what ultimately should we make of what’s perhaps one of the most important publications to come out of the Department for Business, Energy and the Industrial Strategy (BEIS) in the past 12 months?

The starting point, inevitably, is to decide what the document is and isn’t. It is, certainly, a lengthy and considered direction-setter – not just for the Government, but for business and industry, and indeed for consumers. While much of the content was favourably received in terms of highlighting ways to ensure clean growth, critics – not unjustifiably – suggested it was long on pages but short on detailed and finite policy commitments, accompanied by clear timeframes for action.

A Strategy, Instead of a Plan

But should we really be surprised? The answer, in all honesty, is probably not really. BEIS ministers had made no secret of the fact they would be publishing a ‘strategy’ as opposed to a ‘plan,’ and that gave every indication the CGS would set a direction of travel and be largely aspirational. The Government had consulted on its content, and will likely respond to the consultation during the course of 2018. And that’s when we might see more defined policy commitments and timeframes from action.

The second criticism one might level at the CGS is that indicated the use of ‘flexibilities’ to achieve targets set in the carbon budgets – essentially using past results to offset more recent failings to keep pace with emissions targets. Claire Perry has since appeared in front of the BEIS Select Committee and insisted she would be personally disappointed if the UK used flexibilities to fill the shortfall in meeting the fourth and fifth carbon budgets, but this is difficult ground for the Government. The Committee on Climate Change was critical of the proposed use of efficiencies, which would somewhat undermine ministers’ good intentions and commitment to clean growth – particularly set against November’s Budget, in which the Chancellor maintained the current carbon price floor (potentially giving a reprieve to coal) and introduced tax changes favourable to North Sea oil producers.

A 12 Month Green Energy Initiative with Real Teeth

But, there is much to appreciate and commend about the CGS. It fits into a 12-month narrative for BEIS ministers, in which they have clearly shown a commitment to clean growth, improving energy efficiency and cutting carbon emissions. Those 12 months have seen the launch of the Industrial Strategy – firstly in Green Paper form, which led to the launch of the Faraday Challenge, and then a White Paper in which clean growth was considered a ‘grand challenge’ for government. Throughout these publications – and indeed again with the CGS – the Government has shown itself to be an advocate of smart systems and demand response, including the development of battery technology.

Electrical Storage Development at Center of Broader Green Energy Push

While the Faraday Challenge is primarily focused on the development of batteries to support the proliferation of electric vehicles (which will support cuts to carbon emissions), it will also drive down technology costs, supporting the deployment of small and utility-scale storage that will fully harness the capability of renewables. Solar and wind made record contributions to UK electricity generation in 2017, and the development of storage capacity will help both reduce consumer costs and support decarbonisation.

The other thing the CGS showed us it that the Government is happy to be a disrupter in the energy market. The headline from the publication was the plans for legislation to empower Ofgem to cap the costs of Standard Variable Tariffs. This had been an aspiration of ministers for months, and there’s little doubt that driving down costs for consumers will be a trend within BEIS policy throughout 2018.

But the Government also seems happy to support disruption in the renewables market, as evidenced by the commitment (in the CGS) to more than half a billion pounds of investment in Pot 2 of Contracts for Difference (CfDs) – where the focus will be on emerging rather than established technologies.

This inevitably prompted ire from some within the industry, particularly proponents of solar, which is making an increasing contribution to the UK’s energy mix. But, again, we shouldn’t really be surprised. Since the subsidy cuts of 2015, ministers have given no indication or cause to think there will be public money afforded to solar development. Including solar within the CfD auction would have been a seismic shift in policy. And while ministers’ insistence in subsidy-free solar as the way forward has been shown to be based on a single project, we should expect that as costs continue to be driven down and solar makes record contributions to electricity generation, investment will follow – and there will ultimately be more subsidy-free solar farms, albeit perhaps not in 2018.

Meanwhile, by promoting emerging technologies like remote island wind, the Government appears to be favouring diversification and that it has a range of resources available to meet consumer demand. Perhaps more prescient than the decision to exclude established renewables from the CfD auction is the subsequent confirmation in the budget that Pot 2 of CfDs will be the last commitment of public money to renewable energy before 2025.

In short, we should view the CGS as a step in the right direction, albeit one the Government should be elaborating on in its consultation response. Its publication, coupled with the advancement this year of the Industrial Strategy indicates ministers are committed to the clean growth agenda. The question is now how the aspirations set out in the CGS – including the development of demand response capacity for the grid, and improving the energy efficiency of commercial and residential premises – will be realised.

It’s a step in the right direction. But, inevitably, there’s much more work to do.

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