Environmental Aspects (3) Task Force for Climate-related Financial Disclosure (TCFD) An organization that advises corporations on disclosing financial information concerning climate change risks and opportunities. We announced our endorsement of the TCFD recommendations in December 2018. ● Joined the TCFD Support Project by the Ministry of the Environment in 2019. ● Joined the TCFD Consortium in 2019. ● Began disclosing environmental analyses and information based on TCFD recommendations starting with our Sustainability Report 2019. (4) RE100 An international initiative of corporations that are committed to using 100% renewable electricity for their business operations. We joined the organization in 2019. The chemical industry requires high temperature steam heat. It is extremely difficult to replace the conventional energy required for these processes with renewable energy using current technology. We are aware that acceleration of technological innovation is indispensable towards the decarbonization of electricity and energy, not only within our companies but across society as a whole. For this reason, we joined RE100 in 2019, aiming at zero CO emissions by 2050 2 through replacement with fuels without CO emissions, such as hydrogen, in addition to our renewable energy usage 2 target. In 2021, we increased the target values and brought forward the goal date to 2040. ● In June 2019 at the JCLP Symposium, the “Proposal from Corporate Consumers Aiming to Source 100% of Power from Renewable Electricity” was released based on discussions among RE100 Japanese companies. ● In 2020, in a series of seminars, “Corporate Sourcing of Renewable Energy,” jointly held by RE100 and GWEC/CDP, we presented the Fujifilm Group’s practice of renewable energy procurement. ● In March 2021, under a collaboration with JCLP, 53 of the RE100 companies submitted a letter calling for the Japanese government to increase their renewables ambitions. (5) Science-Based Targets initiative (SBTi) A partnership comprising the WWF, CDP, United Nations Global Compact, and the World Resources Institute (WRI). The initiative recommends corporations to set science-based CO emissions reduction targets to limit the global average 2 temperature rise to 1.5°C above pre-industrial levels. ● In 2017, we announced our reduction targets and obtained the official 2°C Limit validation within the same month. ● In 2020, we obtained the official Well-Below 2°C Limit validation by presenting our revised targets. (6) Japan Hydrogen Association (JH2A) This organization was established in 2020 to set up a hydrogen infrastructure and related services in Japan, to run projects for social implementation, raise hydrogen demands, and make policy proposals for easing hydrogen regulations. FUJIFILM Corporation has been a member since 2022. 2. Endorsement and support for climate change policies The Fujifilm Group announces political requests and endorsements through participating in climate change initiatives and industry organizations. ● 2019: Participated in the “Project to Support the Use of Scenario Analysis in line with TCFD recommendations” by the Ministry of the Environment. ● 2020: Participated in the Ministry of the Environment’s project to promote a decarbonized society, “Spreading Carbon Neutral – Senior Management Talks about Decarbonization” through our video. The video introduced the Fujifilm Group’s anti-climate change efforts, such as the 100% switch to wind energy in FUJIFILM Manufacturing Europe B.V. in the Netherlands in 2016, and setting group targets for renewable energy usage in 2019. ● Participating in projects by the New Energy and Industrial Technology Development Organization (NEDO), “Development of Continuous Production and Process Technologies of Fine Chemicals” and “Artificial Photosynthesis.” We were listed among the corporations under the Zero Emissions Challenge 2021, which covers companies participating in projects related to the Environment Innovation Strategy, under the Ministry of Economy, Trade and Industry. ● Keidanren Carbon Neutrality Action Plan (former Commitment to a Low Carbon Society) Cross-border voluntary efforts by the business community aiming at carbon neutrality by 2050. The plan is designed to encourage corporations to create their carbon neutrality visions and monitor their progress by undertaking checking 77 FUJIFILM Holdings Corporation Sustainability Report 2023
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