Governance 2.3.5 Initiatives for Open Innovation Amid the digitization wave of recent years, the new technological innovations and cutting-edge advances that are required are not easily achieved with speed and impact solely through independent development by the company itself; they also require collaboration with a broad range of business partners outside the company. To trigger reform in society and achieve major innovations that can contribute to resolving social issues, we are committed to and are actively promoting “Open Innovation” implemented through co-creation and collaborations founded on equal partnerships among equal business partners. We are involved in activities to create new value, chiefly in the segment of healthcare and highly functional materials, and innovative products and services and new business operations through active collaboration among the industrial, governmental and academic sectors. 1. Open Innovation Hub (creating a venue for Open Innovation) We created an Open Innovation Hub in 2014 in Roppongi, Tokyo to provide a venue for Open Innovation founded on equal, co-creation partnerships with outside organizations. This was followed by formation of a trilateral organization involving sites in the United States and the Netherlands with more than 5,000 companies and approx. 26,000 customers in total (as of March 31, 2023). At 15% of these customers, we are promoting discussions and activities to create concrete plans for new products and technologies. Although the three sites were temporarily closed immediately due to the outbreak of the COVID-19 pandemic in 2020, teleconferencing and virtual tour systems that enable interactive communication were introduced to enable the skillful management of online and off-line activities in line with the state of the pandemic, enabling us to continue Open Innovation with our customers. 2. Participation in collaborative R&D with outside organizations Of the numerous collaborative R&D projects with outside organizations, we have focused especially in recent years on activities targeting needs in the medical field and solutions to optimize workflows, including assistance with diagnostic medical imaging systems, support with medical site workflows and maintenance services for medical equipment. In addition to our own technological development efforts, we have established partnerships with domestic and overseas AI technology vendors who have outstanding technologies to develop solutions for medical diagnosis assistance through imaging and to achieve greater workflow efficiency. AI technology that can be utilized in these areas is deployed under the brand name REiLI. Many technology development projects are underway in cooperation with universities and research institutes. In development themes related to the environment, we are actively participating in various industry-academia- government collaboration projects that come under the New Energy and Industrial Technology Development Organization 1 (NEDO). Through these activities, we have been recognized as a “Zero-Emissions Challenge” company* by the Ministry of Economy, Trade and Industry (METI). *1 Companies taking on the Zero-Emissions*2 Challenge: project of the Ministry of Economy, Trade and Industry to create a list of companies that are tackling innovation in building a decarbonized society to provide beneficial information to investors and other interested parties. In TCFD Summit 2021 held on October 5, 2021, roughly 600 companies were announced as taking on the Zero-Emissions Challenge. *2 A chieving zero CO emissions in this case. 2 METI List of Companies taking on the Zero-Emissions Challenge https://www.meti.go.jp/policy/energy_environment/global_warming/zero-emission_challenge/index_zeroemi.html (in Japanese only) NEDO-sponsored Projects in which We Participate As of June 2023 ● Development of Continuous Production and Process Technologies of Fine Chemicals ● Artificial Photosynthesis Project ● Development of Material Evaluation Techniques for Advanced and Innovative Batteries (Phase 2) ● Research promotion project on creation and reinforcement of innovations, under “Field for Knowledge Integration and Innovation” ● Promotion of Carbon Recycling Using CO from Biomanufacturing Technology as a Direct Raw Material 2 51 FUJIFILM Holdings Corporation Sustainability Report 2023