Ricoh : concludes fourth Mizuho Eco Finance loan agreement with Mizuho Bank
May 29, 2024 at 12:08 am EDT
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TOKYO, May 29, 2024 - Ricoh announced today it has signed a loan agreement with Mizuho Bank, Ltd. (hereinafter "Mizuho Bank") for Mizuho Environmentally Conscious Financing (hereinafter "Mizuho Eco Finance"). Based on the Bank of Japan's Funds-Supplying Operations to Support Financing for Climate Change Responses*1, this loan was deemed to contribute to addressing climate change by Mizuho Bank.
Mizuho Eco Finance is an environmental evaluation credit product provided by Mizuho Bank to encourage businesses' efforts to move to a zero-carbon society. Mizuho Research & Technologies' environmental evaluation model incorporates and benchmarks globally accepted environmental verification and evaluation ratings to evaluate client initiatives and provides financing to those companies achieving a specific minimum score.
Ricoh's endorsement of Task Force on Climate-related Financial Disclosures (TCFD) in August 2018, March 2020 Science Based Targets initiative*2 approval of Ricoh goals aligning with the 1.5°C criteria, medium- to long-term greenhouse gas (GHG) reduction targets for net zero emissions by 2050, and the annual disclosure of GHG emission throughout the supply chain met the indicators used in the evaluation model in a high standard and led to this agreement.
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29 May 2024 and is solely responsible for the information contained therein. Distributed by
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Ricoh Company, Ltd. is one of the world's leading office equipment manufacturers. Net sales break down by family of products and services as follows:
- office automation equipment (48.5%): photocopiers, fax machines and printing systems;
- IT equipment and network systems (31.6%): PCs, servers, software, etc. The group also offers installation and start-up, training, technical support, and maintenance services;
- commercial and industrial printing solutions and systems (9.5%): inkjet print heads, imaging systems, commercial and industrial printers;
- thermal paper and thermal transfer ribbons (3.4%): for label printing;
- other (7%): primarily optical equipment, semiconductor, electronic components, measurement systems, photographic equipment, integrated circuits, and electronic processing equipment.
Net sales break down geographically as follows: Japan (44.8%), Europe/Middle East/Africa (23.4%), Americas (23%) and other (8.8%).
RICOH COMPANY, LTD. 
