Ricoh Recognised For Ethical Business Practices

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Ricoh has been recognised as a 2015 World’s Most Ethical Company for the sixth time by the Ethisphere Institute, the global organisation that defines and advances the standards of ethical business practices.

The World’s Most Ethical Companies designation recognises those organisations that have had a material impact on the way business is conducted by fostering a culture of ethics and transparency at every level of the company.

‘We are pleased to be once again named as one of the World’s Most Ethical Companies in recognition of our long-standing initiatives,’ said Shiro Sasaki, corporate executive VP of Ricoh. ‘In accordance with the principles of the Ricoh Way, we believe that earning trust as a global citizen hinges on a corporate culture that embraces a sense of mission to meet the expectations of diverse stakeholders—a culture that operates under the highest ethical standards in line with the expectations of society as a whole.’

‘The World’s Most Ethical Companies embrace the correlation between ethical business practice and improved company performance. These companies use ethics as a means to further define their industry leadership and understand that creating an ethical culture and earning the World’s Most Ethical Companies recognition involves more than just an outward facing message or a handful of senior executives saying the right thing,’ said Ethisphere’s CEO, Timothy Erblich. ‘Earning this recognition involves the collective action of a global workforce from the top down. We congratulate everyone at Ricoh for this extraordinary achievement.’

The World’s Most Ethical Company assessment is based upon the Ethisphere Institute’s Ethics Quotient (EQ) framework developed over years of research to provide a means to assess an organisation’s performance in an objective, consistent and standardised way. The information collected provides a comprehensive sampling of definitive criteria of core competencies, rather than all aspects of corporate governance, risk, sustainability, compliance and ethics. The EQ framework and methodology is determined, vetted and refined by the expert advice and insights gleaned from Ethisphere’s network of thought leaders and from the World’s Most Ethical Company Methodology Advisory Panel.

Scores are generated in five key categories: ethics and compliance programme (35%), corporate citizenship and responsibility (20%), culture of ethics (20%), governance (15%) and leadership, innovation and reputation (10%).

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