Ricoh awarded with Verizon's 2020 Supplier Sustainability Award

Dec 8, 2020


Ricoh and Verizon simplify complexities to help reduce overall paper usage as well as recycle used toner cartridges

EXTON, Pa., Dec. 8, 2020 /PRNewswire/ -- Ricoh USA, Inc. today announced that Verizon, one of the world's leading technology companies, has recognized Ricoh with its 2020 Supplier Sustainability Award for leveraging managed services expertise to help Verizon reach its sustainability goals.  Ricoh, an information management and digital services company, captured data that uncovered additional opportunities for more transparent and carefully managed processes, waste reduction, increased efficiencies and ultimately more actionable insights. The partnership has helped to reduce Verizon's overall paper usage as well as recycle Verizon's used toner cartridges.

Ricoh experts developed and implemented an approach to improve the management, monitoring and reporting of Verizon's printer fleet. The team was able to significantly increase visibility into the data generated by their processes which empowered Verizon to more intelligently allocate resources, proactively address unusually high print activity, and meaningfully adjust behaviors to conserve paper, driving sustainability and lower operating expenses. The program's pull printing – which requires users to release prints from the queue at the device – immediately reduced accidental and unnecessary prints.

"This sustainability initiative was the culmination of many hours of consultation as we developed an in-depth understanding of Verizon's print needs and current practices and proposed a way to move their practices forward," said Steven Burger, Vice President, Portfolio Management & Field Marketing, Ricoh USA, Inc. "Sustainability is a core value Ricoh and Verizon share, so we were excited by the opportunity to help drive conservation at the scale that such an industry-leading technology company can provide. By transforming information into actionable insights, we're able to help them focus on creating value, helping them continue to succeed."

Verizon's 2020 Supplier Sustainability Award recognizes Ricoh's partnership in support of the telecommunication company's sustainability efforts.

"Ricoh has a long history of working with Verizon to meet our business requirements, from advising on innovative substrates and formats to driving process efficiencies that continue to drive sustainability," said James J. Gowen, Chief Sustainability Officer, Verizon. "As we fulfill our corporate purpose to create the networks that move the world forward, we are taking bold steps toward reducing our environmental footprint. These efforts are significantly enhanced by the guidance and support of our knowledgeable partners, including Ricoh. By working with us to tailor our workflows to our goals, Ricoh has driven truly remarkable results, and we are pleased to present them with this well-deserved honor."

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About Verizon

Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed on June 30, 2000 and is celebrating its 20th year as one of the world's leading providers of technology, communications, information and entertainment products and services. Headquartered in New York City and with a presence around the world, Verizon generated revenues of $131.9 billion in 2019. The company offers data, video and voice services and solutions on its award-winning networks and platforms, delivering on customers' demand for mobility, reliable network connectivity, security and control.

| About Ricoh |

Ricoh is empowering digital workplaces using innovative technologies and services enabling individuals to work smarter. For more than 80 years, Ricoh has been driving innovation and is a leading provider of document management solutions, IT services, communications services, commercial and industrial printing, digital cameras, and industrial systems.

Headquartered in Tokyo, Ricoh Group operates in approximately 200 countries and regions. In the financial year ended March 2020, Ricoh Group had worldwide sales of 2,008 billion yen (approx. 18.5 billion USD).

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© 2020 Ricoh USA, Inc. All rights reserved. All referenced product names are the trademarks of their respective companies.

SOURCE Ricoh USA, Inc.