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FUJIFILM Holdings Named to CDP 'A List' for Leadership in Climate Action

FUJIFILM Holdings Named to CDP 'A List' for Leadership in Climate Action

FUJIFILM Holdings Corp. has announced that the company has been named to the annual "CDP A List," for its leadership in climate action.

"As we celebrate our 90th anniversary, our commitment to preserving the environment remains ingrained in our organizational DNA, which began with our first steps in manufacturing photographic film with clean water and air in Ashigara, Japan," said Teiichi Goto, president and CEO, representative director, FUJIFILM Holdings Corp. "Moving forward, it is our unwavering responsibility to provide products and services needed by society while achieving lower carbonization of products and services, and also to develop and provide innovative solutions for a decarbonized society through the use of digital technology and other means."

CDP, originally known as Carbon Disclosure Project, is a global non-profit organization that surveys corporate environmental disclosure on behalf of more than 740 institutional investors, with approximately 23,000 companies responded to the survey. The results of this survey are also used in the world's leading Socially Responsible Investment Index (SRI Index), which evaluates corporate activities from an ESG (environment, society and governance) perspective.

Under Fujifilm's corporate social responsibility (CSR) plan, "Sustainable Value Plan 2030," the Fujifilm Group is working on addressing climate change and natural resource recycling. Fujifilm has set a target of reducing carbon dioxide emissions in the entire product life cycle by 50% by FY2030 compared to FY2019 level. This target has been recognized by the Science Based Targets (SBT) Initiative to achieve the Paris Agreement's "1.5°C target." Through the Fujifilm Group's "Green Value Climate Strategy," the company is manufacturing with a lower environmental impact and creating products and services with excellent environmental performance to achieve the goal. In addition, it is contributing to the realization of a decarbonized society by promoting investments with low-carbon opportunities based on the internal carbon pricing.

Fujifilm's accomplishments towards decarbonization:

To speed up the implementation of decisions made by the company's ESG Committee, which is chaired by the president, Fujifilm established the GX Committee as a subordinate organization to the ESG Committee, which is composed of managers from all business divisions, as well as development, production and procurement departments. It manages the progress of environmental measures in each business area.

The Fujifilm Group has decided to implement a virtual power purchase agreement to offset 100% of the company's total electricity consumption, approximately 300,000 MWh/year, used in the United States and Canada from the second half of 2025, which is equivalent to avoiding annual CO2 emissions of approximately 90,000 tons, or approximately 9% of the Fujifilm Group's total CO2 emissions in the fiscal year ended March 2023. In addition, Fujifilm will continue to reduce CO2 emissions globally, including plans to switch to electrify fuel-using facilities at its European sites and use renewable energy.

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