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

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 lifecycle^*2 by 50% by FY2030 compared to FY2019 level. This target has been recognized by the Science Based Targets (SBT) Initiative^*3 to achieve the Paris Agreement's "1.5°C target"^*4. Through the Fujifilm Group’s "Green Value Climate Strategy" environmental 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^*5 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.

_{*1  CDP is a global non-profit that drives companies to reduce their greenhouse gas emissions, safeguard water resources and protect forests. Working with over 746 institutional investors with assets of US$136 trillion, CDP promotes companies to disclose and manage their environmental impacts.}

_{*2  Procurement" of raw materials, "manufacture," "transportation," "use," and "disposal" of products.}

_{*3  An international collaborative initiative of the CDP, the United Nations Global Compact, WRI (World Resources Institute) and WWF (World Wide Fund for Nature) that validates science based GHG emission reduction targets and promotes best practices in emission reduction activities.}

_{*4  A goal to limit global warming to a maximum increase of 1.5°C above pre-industrial levels under the Paris Agreement.}

_{*5  A long term power purchase agreement between a consumer and an energy company. A consumer company procures only the environmental value of renewable electricity generated by a power plant located off the company’s premises of the company and purchases the electricity from a power company or an electricity market.}