Sustainability is one of the most important areas of attention for today’s businesses. A recent UN study shows that 84 percent of CEOs believe that the business community should lead efforts to define and deliver sustainable development goals.1 In other words, businesses are expected not just to follow environmental trends. We’re expected to establish them and drive them forward.
There are many reasons sustainability is so important, ranging from the operational to the strategic:
- Increasing costs of resources
- Regulatory compliance
- Risk mitigation
- Carbon footprint initiatives
- Better reputation/brand management
- Corporate social responsibility
Financial Benefits of Sustainability
It’s fairly easy to see how operational sustainability can benefit your bottom line. If you’re using less energy and producing less waste (in consumables like paper and ink), you’re also reducing your electricity and materials bills.
A global study published in the MIT Sloan Management Review showed that 37 percent of executives said their organizations’ sustainability-related actions and decisions have added to their profit – up from 23 percent the previous year.2 And according to a different study, 76 percent of CEOs believe embedding sustainability into core business will drive revenue and growth and new opportunities.3 As more and more companies appreciate the cost benefits of sustainability, there is a growing need for expert insight into how to make business practices more efficient.
Sustainability management extends into areas you might not expect: reducing office space and real estate, seeking out environmentally friendly materials, reducing the size and nature of packaging, even curbing employee travel in favor of telecommuting, telepresence and other workstyle innovations. There are also opportunities outside your enterprise — choosing suppliers who are high sustainability performers can help cut costs in the long run.
Strategic Benefits of Sustainability
Businesses can look at sustainability as an opportunity for competitive advantage and differentiation. This is especially true in industries where sustainability standards and certifications are being put into place—like the REACH framework for the chemicals industry or EPEAT for computers and electronics.
A recent global study found that 63 percent of CEOs expect sustainability to transform their industry within five years.4 It’s easy to think of environmental responsibility as something that limits or constrains activity, but really, the opposite is true. Businesses are learning to see it as a catalyst for innovation:
“From investment in renewables, to intelligent infrastructure enabled by machine-to-machine communications technology, to new closed-loop business models, leading companies are securing business advantage through innovative R&D and the deployment of technologies ranging from cloud computing to analytics.”5
Finally, embedding sustainability into your company’s mission statement or Corporate Social Responsibility (CSR) commitment gives key stakeholders — employees, board members, stockholders, even suppliers and customers — demonstrable evidence of your ethics and actions. Most corporations (63 percent) make their environmental goals and efforts public, and more than half (50.6 percent) include sustainability into strategic planning and capital budgeting.6 The time is coming where a failure to value and implement sustainable practices will place a company in an unpopular minority.
The Bottom Line
Effective sustainability management means cost savings and strategic benefits no company can afford to ignore. Environmental responsibility, rather than being a hindrance, is an opportunity to improve your competitive positioning, drive innovation, enhance your brand and satisfy your stakeholders.
1 The UN Global Compact-Accenture CEO Study on Sustainability 2013.
2 “The Innovation Bottom Line,” MIT Sloan Management Research Report, Winter 2013.
3 The UN Global Compact-Accenture CEO Study on Sustainability 2013.
4 The UN Global Compact-Accenture CEO Study on Sustainability 2013.
5 The UN Global Compact-Accenture CEO Study on Sustainability 2013.
6 Ernst & Young 2013 Six Growing Trends in Corporate Sustainability
Setting and meeting sustainability goals for your business is good in every way. You’re not just helping the environment - you’re also increasing worker productivity and improving your bottom line. Furthermore, you’re fulfilling your Corporate Social Responsibility (CSR) role and demonstrating to your customers, investors, employees and the other stakeholders who are key to your growth, what your ethics are and how you stay true to them.
Improve Sustainability Performance and Processes
As you make improvements for the sake of sustainability, you’ll notice something else happening at the same time: your business processes also improve. If it’s environmentally wasteful, it’s often wasteful from a workflow standpoint as well.
Case in point: document and information processes. A lot of paper, ink and electricity are consumed by things like printers and data centers — and the ways in which they are utilized throughout a business. By doing the same job with fewer resources, or perhaps by reimagining and rearranging how the job is done, you can increase environmental efficiency and worker efficiency at the same time. More and more, businesses are seeking solutions that optimize their current resources rather than add more resources on-site. And to do this, they’re turning to trusted partners like Ricoh, who have the expertise to do everything from assessment to monitoring consumption and implementing improvements to setting up programs to raise awareness and participation among employees.
Reduce Energy Used and Resources Wasted
Extending sustainability management into the realm of workspaces and communication is a great way to save energy and money. Take business travel. Sometimes it’s necessary. But it’s costly, in terms of both carbon and budget. Video conferencing and telepresence can put you in touch with someone on the other side of the world for much less than a round-trip ticket. Similarly, leasing underused office and meeting space is a drain on both environmental and financial resources. Ricoh can make today’s evolving workplaces and styles work for the environment — and your budget.
Satisfy Stakeholders with Your Plan for Sustainability
Nearly two-thirds of businesses in a recent survey said that they publicly report not only their environmental and social goals but also their progress in achieving those goals.1 It makes perfect sense. You can count on stakeholders caring about this part of your business, and by being upfront and transparent about your plan and successes, you show them that you care too. The more demonstrable your sustainability plan strategies, the better you can meet (or exceed) your stakeholders’ expectations.
You can also allay any fears they may have. As energy prices rise and resource availability fluctuates, you need to show people you’re managing your company’s footprint as well as its continued alignment with sustainability objectives. Ricoh’s sustainability services give you the data, tools and perspective to help your business and the environment thrive together.
1 Ernst & Young 2013 Six Growing Trends in Corporate Sustainability
Ricoh has been committed to sustainability and social responsibility since 1976. And as these issues have risen in the public consciousness, our commitment has only increased. For the past decade, we have proudly made the Global 100 list of the most sustainable companies in the world.
We fully understand the sustainability challenges you face and the value you expect from us as a partner. All Ricoh services and products are designed with the environment in mind, so you can be sure that working with us means working toward your targets for corporate social responsibility.
Managed Document Services: Improve Sustainability Performance and Processes
Ricoh Managed Document Services help you examine how your current procedures and practices impact the environment, and from there, we can set a baseline for sustainability targets. We’ll look at your power consumption, paper consumption, CO2 footprint — even the relevant workstyle habits of individual users and departments. (After all, if someone is printing four copies of everything when only one is needed, you should know about it.). Using that information, Ricoh helps you implement plans and policies that reduce waste, environmental impact and operational costs.
Ricoh also provides a curriculum to educate and train employees, making sure everyone understands and commits to the changes you need to make and your reasons for making them. As time goes on, we keep an eye on the numbers, and use this enterprise-wide view of your organization to help you meet — or exceed — your sustainability targets.
Workplace Services: Reduce Energy Used and
How you do (and don’t) make use of your physical workspace is a big part of how your business impacts the environment. Ricoh’s Workplace Services optimize your use of space and technology for efficient consumption of resources.
Rooms drain energy, whether they’re occupied or not. And according to industry research, meeting rooms in big-city offices are empty nearly 50 percent of the time.1 Ricoh helps you uncover inefficiencies like these and helps you develop a workplace plan that facilitates your needs without excess and waste.
Sustainability Management Services: Satisfy Stakeholders with Your Plan for Sustainability
Simply partnering with Ricoh, one of the 100 most sustainable corporations in the world, signals to stakeholders that you are committed to environmental sustainability. With Ricoh Sustainability Management Services, you can make that commitment crystal clear.
Ricoh helps you do more than optimize business processes and workstyles. We help you actually visualize the environmental impact of your business, analyze the data and chart the success of your new practices. This gives your stakeholders — everyone from board members to stockholders, customers and regulators — demonstrable proof of good “green” citizenship.
Here’s a quick breakdown of what Ricoh Sustainability Management Services can do:
- Help you develop and implement a successful sustainability plan.
- Offset unavoidable CO2 emissions by using carbon-footprint balancing.
In short, the services and tools Ricoh can deliver are numerous and powerful. Ricoh will be just as tireless in pursuing your sustainability goals as we are in pursuing ours.
1 Johnson Controls, “All In A Days Work: A Global Perspective of Workplace Trends,” March 2012
Information Waste: The Problem in Plain Sight
Are you wasting valuable business information?
College transforms from antiquated learning services to a modern, technology based learning environment
College partners with Ricoh IT Services to deploy a virtualized IT infrastructure to transform the way students and staff access learning resources and services.
Quocirca Managed Print Services Landscape, 2014 Report
Ricoh named Global Market Leader in MPS for third consecutive year, according to Quocira report. The report examines the competitive landscape for MPS and discusses the key market drivers and trends that will shape future generation of MPS engagements.
United Nations Global Compact - Accenture CEO Study on Sustainability 2013
Findings from the world’s largest CEO study on sustainability to date. More than 1,000 top executives from 27 industries across 103 countries assess the past, present and future of sustainable business; discuss a new global architecture to unlock the full potential of business in contributing to global priorities; and reveal how leading companies are adopting innovative strategies to combine impact and value creation. (September, 2013)
Quocirca “Vendor Landscape: Managed Print Services” Report
Global scale and market presence differentiate MPS suppliers, but value propositions are converging.
Ricoh Group Sustainability Report
A report on the results of Ricoh activities, as well as introducing environmental policies and the ideas behind them, and how Ricoh proceeds with their projects
Go to Ricoh Environment Main Page
Gearing for growth - Future Drivers of Corporate Productivity
This report examines the various levers that businesses around the world are using to increase the total output that they are able to generate from their inputs. It also considers where executives are focusing their attention as growth returns to the agenda
Ricoh’s Track Record of Commitment to Environmental Sustainability
The Sustainability Optimzation Program follows a consultative/collaborative model and is an integral part of Ricoh's innovative Managed Document Services offering.
The Right Information in the Right Form at the Right Time
Ricoh Global MDS Customer Video
Ricoh Global MDS Customers speak out about gains from MDS.
IDC MarketScape: Worldwide Managed Print and Document Services 2014 Report
This study is IDC's hardcopy vendor assessment of the worldwide managed print and document services - focus on managed workflow services using the IDC MarketScape model.
Managed Print Services LandscapeA vendor analysis of the global enterprise MPS market
Moving Beyond Automation to Process Innovation
Executive leadership is focusing on ways to increase the value delivered to customers through front office processes—any touch point where employees communicate directly with customers.
The Pathfinder: Navigating MDS
Ricoh USA Blog
Wire Rope Industries Overhauls Its Document Management System and Boosts Productivity
Ricoh automated Wire Rope’s document workflow process and its storage and retrieval system. Integrated document management applications allowed the company to digitize the internal flow of documents and cost-effectively store and retrieve them.
Communication Solutions and Services for the Annual Meetings of the IMF and World Bank Group in Japan
Ricoh provided communication solutions and services which included a multi-projection system with a large 3.84 meter wide screen, which can be installed anywhere and can project dynamic images, and a virtual help desk combining a small footprint, remote video communication system, and an ultra-short-throw projector.
Ricoh Provides Solution Services at the APEC Transportation Ministerial Meeting, a First in Japan
Ricoh was the official provider of solution services, including a large-scale paperless meeting. Through those services, Ricoh supported smooth and efficient meeting management and the information sharing on Japan’s outstanding transportation infrastructure to all participating countries.
Intelligent Document Imaging Solution Helps Commercial Explosives Enterprise
Versatile and efficient multifunctional products that print, copy, scan and fax have replaced standalone imaging devices. By optimising fleet utilisation, Ricoh has helped AEL reduce expenditure on print, release office space and cut energy consumption.
Digitising Documents Provides Helping Hand for Medics
A new electronic health record system is giving doctors at German hospital group KHWE quicker access to essential medical information to help them provide better outcomes for their patients. Meanwhile, the digitisation of the company’s administrative documents is significantly improving the efficiency of the organisation itself.
MDS Improves Operational Efficiency and Customer Centricity
A leading retail bank wasted time and money managing its own document infrastructure. Keen to outsource service provision, the bank sought a supplier capable of providing managed services on a global basis. Ricoh proved the perfect partner, implementing the structured programme through which the bank achieved dramatic improvements in operational efficiency.
Global MDS Implementation Drives Improved Performance
Ricoh supports Renault-Nissan’s regional operations with class leading technology and expertly provisioned services. The solution has halved Renault-Nissan’s print expenditure.
University of Kentucky Saves Big with Massive Document Management Overhaul
A 20-person team was deployed to the UK campus to streamline operations, standardize equipment and supplies and simplify processes for staff, faculty and students.
Regis University Drives Cost Out of Printing with a New Output Fleet and Expert Print Management
Regis recently underwent a major modernization of its print output fleet, implemented Managed Document Services (MDS) and outsourced control of its print, copy and mail center to its partner of choice — Ricoh.
Westpac Creates a More Productive and Sustainable Place to Work with Ricoh Managed Document Services
With Managed Document Services, Westpac has been able to reduce waste, improve efficiencies, and successfully contribute to their environmental and sustainability goals.
Ricoh Supports Renault’s Eco Drive
Ricoh supported Renault in a Green IT initiative, helping the company reduce the energy consumed by its printer fleet by applying an optimal energy saving profile. The solution cut the printer fleet’s energy consumption by 250,000 kWh per annum.
Mobile Green IT Printing Initiative for Vodafone
Keen to reduce the environmental impact of its office print environment, Vodafone launched a Green IT ‘Less Paper Office’ initiative. Ricoh’s solution supports Vodafone’s flexible work and mobility strategy, and has helped the company achieve significant and sustainable reductions in carbon emissions.
Global Services Provide Sustainable Business Advantage
Ricoh has transformed the company’s document infrastructure, reducing print expenditure and cutting carbon emissions. The solution has simplified procurement processes, reducing administration and improving business agility.
Meeting Company Goals with Document Management that is Smart and Green
Ricoh implemented a sustainability program that allowed the company to support its Green initiatives, developing a toner and cell phone recycling program as well as seeking solutions for reducing paper-based processes.
Building a Green Future with Ricoh’s Environmentally Friendly Solutions
Ricoh replaced stand-alone copiers, printers and fax machines and revamped department workflows to replace paper workflows with the capture and filing of electronic images of documents.
Environmental Benefits and Significant Savings for Southbank Institute of Technology
Ricoh helped the company address a multitude of operational, cost and environmental inefficiencies within its incumbent print device fleet and management practices, resulting in environmental benefits as well as cost savings.
Ricoh Services can Help
Recent Blog Posts
You've all seen the numbers. While they’re not bad, we can see the trends and we need to change,...
There’s an element of your information governance framework that is probably not high on your list...
In this era of analytics, statisticians and data scientists, companies today are collecting vast...