Supplier Inclusion Program

Please see the following letter from our Senior Vice President, Chief Financial and Legal Officer reaffirming our commitment:

Dedicated to supplier Inclusion

Ricoh empowers digital workplaces by transforming information into insights faster and more conveniently than ever before. We create a competitive advantage for more than 1.4 million businesses around the world, including 86% of the U.S. Fortune 500 and 40% of Billion Dollar Roundtable members within the U.S alone.

Diversity and inclusion are cornerstones of Ricoh’s culture and imperative to our ongoing success as today’s leading integrated services provider and partner of choice. We understand that diverse ideas and unique perspectives fuel innovation, but only when proactively included in the conversation and embraced, welcomed, and appreciated for the value they provide. We recognize that by partnering with certified diverse-owned businesses, we become part of a larger solution that helps all organizations thrive and realize greater social and economic success.

At Ricoh, we specifically work to inspire, innovate and grow partnerships with minority-owned, small, small-disadvantaged, women-owned, veteran-owned, disabled-owned, LGBT-owned, and HUB Zone small businesses.

We drive supplier inclusion by:

• Sourcing and promoting the use of diverse suppliers and diverse alliance partners throughout our organization. Cumulatively, between 2021 and 2023, Ricoh purchased goods and services from the following

  • Minority-Owned: $50 million

  • Women-Owned: $94 million

  • Veteran-Owned: $48 million

  • All Other Diversty Spend $50 Million

  • Small Business: $760 million

• Sponsoring the National Minority Supplier Development Council (NMSDC) Emerging Young Entrepreneur (EYE) program, which supports next-generation minority entrepreneurs.

• Being an active member of supplier diversity outreach organizations, including the New York/New Jersey Minority Supplier Development Council, Women’s Business Enterprise Council East, Women’s Business Enterprise National Council, National Gay & Lesbian Chamber of Commerce and National Veteran Owned Business Association.

• Investing in the growth and development of our diverse partners’ businesses through mentoring, network sharing, and thought leadership engagement.

• In Alignment with the Ricoh Mid Term plan, Ricoh has set a goal to increase Diversity Spend by at least 1% YOY Annually.

Learn more about and register for Ricoh’s Supplier Diversity Program and check out recent third-party endorsement for our diversity programming, including recognition as a Champion of Diversity from DiversityPlus Magazine and two 2021[CM1] Diversity Impact Awards from the Global ERG Network.

Sincerely,

George Gowen

Senior Vice President, Chief Financial and Legal Officer, RICOH Digital Services