Ricoh recently joined Business for Inclusive Growth (B4IG), a coalition created to tackle persistent inequalities of opportunity, reduce regional disparities and fight gender discrimination.
Emmanuel Faber, Danone Chairman and CEO, spearheads the B4IG coalition and unites 34 multinationals with more than 3 million employees worldwide and global revenues topping $1 trillion. Ricoh and the coalition members will pledge to act to ensure the benefits of economic growth are more widely shared.
Companies have identified an initial pool of more than 50 existing and planned projects, representing more than R16 billion (€1 billion) in private funding, sponsored by the French Presidency of the G7 and overseen by the Organisation for Economic Co-operation and Development (OECD) for three years.
The B4IG initiative was presented to the French President, Emmanuel Macron, during a meeting with business, charity and industry leaders at the Elysées Palace on 23 August.
Other members include: Accenture, Agropur, AXA, BASF, BNP Paribas, BPCE, CareCentrix, Cogeco, Crédit Agricole, Danone, Edelman, Engie, GINgroup, Goldman Sachs, Henkel, Ingka Group, JPMorgan, Keurig Dr Pepper, Johnson&Johnson, Kering, Legal&General, L’Oréal, Mars, Renault, Schneider Electric, Sodexo, Suez, TIAA, Unilever, Veolia, Virgin et Ylva.
OECD Secretary-General, Angel Gurría, said, ‘Growing inequality is one of the biggest social challenges in the world today, perpetuating poverty and undermining social cohesion and trust. Sustainable economic growth means inclusive economic growth. It means giving every individual the opportunity to fulfill his/her potential – the chance not only to contribute to a nation’s growth but to benefit from it, regardless of their background or origins.’
Jake Yamashita, president and CEO of Ricoh said, ‘Ricoh is committed to a sustainable future. We have already announced our focus on five material issues aligned to the Sustainable Development Goals, we have committed to zero greenhouse gas emissions by 2050 and are the first Japanese company to join RE100. B4IG is aligned with our values and strategy and we are happy, in collaboration with some of the world’s most prestigious companies, to be the first Japanese company to sign-up to tackle the issue of inequality.’