Ricoh Australia
Office equipment
Office equipment sales, service and support.

Overall

Owned JPN
Rating C
About the Ratings

Company Ownership

Ricoh Australia Pty Ltd
AUS
Ricoh Company Ltd
owns 100% of Ricoh Australia Pty Ltd
JPN
Imaging and electronics manufacturer
Research and development, production, sales and support in office imaging, production printing, network system solutions and industrial products with 229 subsidiary and affiliate companies in 180 countries.

Company Assessment

(Last updated Aug 2024)
Ricoh Australia Pty Ltd
Praise
Carbon neutral
Ricoh was the first technology services-based organisation in Australia to become carbon neutral, becoming a carboNZero certified organisation in April 2013.
5/5 for packaging performance
This company received the highest packaging performance level of 5 (Beyond Best Practice) in its 2024 APCO Annual Report. Australian Packaging Covenant Organisation (APCO) is a not-for-profit organisation leading the development of a circular economy for packaging in Australia. Each year, APCO Members are required to submit an APCO Annual Report and Action Plan, which includes an overall performance level from 1 (Getting Started) to 5 (Beyond Best Practice).
Source: APCO (2024)
Information
No tax paid in 2019-20
According to data released by the Australian Tax Office in Jan 2022, this company was one of many local and foreign-based companies that paid no tax in Australia in 2019-20. Please note however that companies pay income tax on profits, not revenue (total income). While some companies use tax havens and loopholes to avoid paying their fair share of tax in Australia, other companies that paid no tax have perfectly legitimate reasons.
Source: ATO (2022)
Ricoh Company Ltd
Praise
CDP Climate Change score of A
In 2023, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts to reduce greenhouse gas emissions and mitigate climate change risk. Responding companies are scored across four key areas: disclosure; awareness; management; and leadership. This company received a CDP Climate Change score of A.
Source: CDP (2023)
CDP Water Security score of A
In 2023, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts to manage and govern freshwater resources. Responding companies are scored on six key metrics: transparency; governance & strategy; measuring & monitoring; risk assessment; targets & goals; and value chain engagement. This company received a CDP Water Security score of A.
Source: CDP (2023)
86/100 S&P Global ESG Score
This company received an S&P Global ESG Score of 86/100 in the Computers & Peripherals and Office Electronics category of the S&P Global Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices (last updated 23 Sep 2022). The rankings are based on an analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, risk management, environmental reporting, climate strategy, human rights and labour practices.
67/100 in TIME rankings
World's Most Sustainable Companies of 2024 by TIME and Statista recognises the Top 500 most sustainable companies in the world. From a selection of 5,000 of the world's largest companies, non-sustainable businesses were excluded, and the remaining companies were rated on Commitment & Ratings, Reporting & Transparency, and Environmental & Social Stewardship. This company received a total score of 67.3/100, ranking 151st overall.
Source: TIME (2024)
Global 100
The 2024 Global 100 Most Sustainable Corporations in the World list by Corporate Knights is based on a rigorous assessment of nearly 7,000 public companies with revenue over US$1 billion. All companies are scored on sustainable revenue and investment, gender and racial diversity, CEO pay versus employee average, CEO bonuses based on sustainability performance, taxes paid and contributions to employee pensions. This company ranked #72 in the Global 100, with an overall score of C+.
Criticism
Supply chain practices in China
The Green Supply Chain Corporate Information Transparency Index (CITI) evaluates consumer-facing companies that have a sizeable supply chain in China. The evaluation uses government supervision data and public information to assess the environmental management of their supply chains in China. This company received a score of 12.06/100 (retrieved 24 Nov 2023).
Source: IPE (2023)
Information
Loss in patent licensing litigation
Long-running litigation over the terms of a patent licensing deal between this company and Eastman Kodak came to a close in 2014 with the announcement of a $43 million settlement that puts Ricoh on the losing end of the dispute.
Climate action commitments
As listed on the We Mean Business website, this company has committed to the following climate action initiatives: adopt a science-based emissions reduction target; responsible corporate engagement in climate policy; commit to 100% renewable power.
B- grade at Behind the Barcode
B- grade in the Baptist World Aid Australia's Behind the Barcode 'Ethical Electronics Guide 2016', which grades companies on their efforts to mitigate the risks of forced labour, child labour and worker exploitation throughout their supply chains. Assessment criteria fall into four main categories: policies, traceability & transparency, monitoring & training and worker rights. [Listed under Information due to age of report]
Sustainability strategy
Deloitte developed a Zero Impact Growth Monitor that was used in 2012 to assess and rank 65 different companies' attempts to become more sustainable. Six companies reached the "Ecosystem" level: Puma, Nike, Nestle, Natura, Unilever and Ricoh. These pioneering companies have not only set measurable and ambitious mid- to long-term targets (beyond 2020), but have also embedded their sub-policies in a holistic strategic vision of their attempt to minimize their negative environmental and societal impacts.
Responsible Business Alliance member
This company is a member of the Responsible Business Alliance (formerly the Electronic Industry Citizenship Coalition), a non-profit coalition of electronics companies which supports the rights and wellbeing of workers and communities worldwide affected by the global electronics supply chain. RBA members commit and are held accountable to a common Code of Conduct and utilize a range of RBA training and assessment tools to support continuous improvement in the social, environmental and ethical responsibility of their supply chains.
Source: RBA (2022)
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Company Details

Type:
Wholly-owned subsidiary
Revenue:
340 million AUD (2019)
Employees:
889 (2019)

Contact Details

Address:
Suite G2, 2 Richardson Place, North Ryde, NSW, 2113, Australia
Phone:
13 74264
Website:
www.ricoh.com.au

Products / Brands

Ricoh Australia
Ricoh Printers