Ricoh Wins 2003 WEC Gold Medal

The 2003 World Environment Center (WEC) Gold Medal award for International Corporate Achievement in Sustainable Development goes to Ricoh Company, Ltd., a leading office equipment company. Masamitsu Sakurai, president and COO, will accept the award on behalf of the company’s 74,000 employees around the world at a formal gala on May 15 at the National Building Museum in Washington DC. Only one company receives the Gold Medal each year; Ricoh is the first Asian company to be so honored. The award was established in 1985, and is awarded by an independent jury of international environmental experts to a corporation that demonstrates pre-eminent leadership in sustainable development and contributes to worldwide environmental quality. The signature contribution on which the jury based its decision is Ricoh’s outstanding performance combined with world class energy efficiency technology, reduction of emissions, zero-waste to landfill in production, green suppliers pipeline, and a cutting edge environmental management system globally implemented. Innovest Strategic Value Advisors, the U.S. investment research company that correlates company performance with environmental initiatives, gives Ricoh the highest “eco-rating,” AAA. Oekom, a German corporate responsibility ratings agency also gives Ricoh the highest rating. Among its activities, Ricoh: * established a system to work with suppliers […]

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Kinko's Rises Closer to the Top

The Rainforest Action Network (RAN) has hailed Kinko’s new forest-based product procurement policy as one of the most effective and meaningful company policies to protect endangered forests and end old growth destruction. Kinko’s developed the new policy – which establishes stringent vendor requirements and recycled content standards – with input from prominent environmental groups and suppliers, including RAN and International Paper. Six years ago, Kinko’s announced it would not knowingly purchase paper or wood products derived from old-growth, endangered or high-conservation value forests. Their new policy expands on this initiative. Kinko’s new vendor requirements are believed to be the first time a company has: * incorporated firm guidelines for the forest management practices of its suppliers and * engaged its vendors and the environmental community to ensure the company does not align with suppliers that log or distribute products from old growth or endangered forests, convert native forests to tree plantations, or use genetically modified organisms. Suppliers must also guarantee and document that none of their supply sources or operations result in the logging of old growth or endangered forests. Kinko’s long-term goal is to increase the average percentage of post-consumer recycled content paper it uses to 30% with goals […]

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