FUJIFILM Holdings named on “CDP A List” for climate change
Highlighted as a leader on corporate climate action by global environmental impact non-profit CDP
FUJIFILM Holdings Corporation (President: Kenji Sukeno) is proud to announce that the company has achieved a place on the “CDP*1 Climate Change A List,” winning the highest level of recognition awarded to companies for their efforts against climate change.
CDP’s annual environmental disclosure and scoring process is widely recognized as the gold standard of corporate environmental transparency. In 2019, investors with over US$96 trillion in assets requested companies to disclose data on environmental impacts, risks and opportunities through CDP’s platform. It is also used in environmental assessment for the world’s major Socially Responsible Investment (SRI) indices, indicators for ESG (Environmental, Social and Governance) investment. In 2017, Fujifilm was named on “CDP Water A List” for its action following on water resources management.
FUJIFILM Holdings is actively promoting actions on climate change based on its strong belief, upheld since its foundation, that “environmental conservation is at the core of Fujifilm’s corporate activities.” Under its CSR plan “Sustainable Value Plan 2030 (SVP2030),” the company strives to reduce the CO2 emissions across the entire lifecycle of products and at the same time, contribute to CO2 emissions reduction in society by encouraging wider use of the company’s low-emission products and services.
Actions on climate change
Reducing CO2 emissions across the entire product lifecycle from material procurement to product manufacturing, transportation, use and disposal
- The SVP2030 sets the numerical target of “reducing CO2 emission across the entire lifecycle of Fujifilm products by 30% by fiscal year ending March 2031 (FY2031/3) compared to the FY2014/3 level.” This target has been certified by “Science Based Targets initiative”*2, an international environmental initiative.
- In FY2019/3, Fujifilm has significantly reduced CO2 emissions by 22% from the FY2014/3 level through active initiatives including the promotion of efficient energy use in the “manufacturing” stage of product lifecycle.
- In January 2019, Fujifilm set its target for renewable energy usage. The target is to “switch to electricity derived from renewable resources to account for 50% of its overall purchased electricity by FY2031/3. The company further aims to achieve zero carbon emissions in all of the energies used by FY2051/3, by switching 100% of purchased electricity to renewable energies and adopting the latest technologies such as using hydrogen fuel for in-house power generation systems. It globally promotes the introduction of renewable energies such as solar energy and wind power.
- In April 2019, Fujifilm joined the “RE100”*3, an international initiative that brings together companies committed to using 100% renewable electricity in business operations. Through joining the initiative, the company has presented its unique approach to zero carbon, striving to lead the global charge on achieving a non-carbon society.
Contributing to CO2 emissions reduction in society by encouraging wider use of the company’s low-emission products and services
- The SVP2030 sets the numerical target of “contributing to reduction in CO2 emissions in our society by 50 million tons by FY2031/3.” The target aims to reduce CO2 emissions in society by the level equal to or greater than the cumulative amount of CO2 emissions Fujifilm products generate across their life cycle between FY2018/3, when the target was set, and FY2031/3.
- In order to accelerate this initiative, Fujifilm Group introduced the “Green Value Products” certification program in FY2019/3, extending certification to Fujifilm products and services that meet certain criteria concerning environmental considerations for the society. It evaluates environmental value of its products and services based on their features and how they are used by customers. The program aims to further enhance the creation of environmental friendly products.
Fujifilm Group will continue to actively work toward resolving climate issues and promote information disclosure through CDP and other organizations, thereby contributing to the establishment of a sustainable societ
*1 CDP is a global non-profit that drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests. Voted number one climate research provider by investors and working with institutional investors with assets of US$96 trillion, we leverage investor and buyer power to motivate companies to disclose and manage their environmental impacts.
*2 Established in September 2014, the Science Based Targets initiative is a partnership between CDP, United Nations Global Compact, World Resources Institute (WRI), and the World Wide Fund for Nature (WWF), which helps companies determine how much they must cut emissions to prevent the worst impacts of climate change. It aims at promoting science-based targets for reducing greenhouse gas emissions to keep global temperature increases below 2 degrees Celsius compared to pre-industrial temperatures.
*3 RE100 is an initiative run by the Climate Group, an international NPO focused on accelerating global climate actions, in partnership with CDP. It consists of companies that have made a commitment to go 100% renewable in electricity used in their business activities.