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FUJIFILM Holdings announces new climate action targets

06/01/2022

FUJIFILM Holdings announces new climate action targets

January 6, 2022

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- Fully operating on carbon-free energy by FY2040

- Addressing climate change through Fujifilm's new Green Value Climate Strategy

- Fujifilm Europe demonstrates leadership in high-tech sustainable production through opening of new carbon neutral cell culture media manufacturing facility in Tilburg, The Netherlands

FUJIFILM Holdings Corporation (President and CEO, Representative Director: Teiichi Goto) announces new climate action targets to reduce CO2 emissions as it accelerates initiatives towards a zero-carbon future. Fujifilm Group will be fully operating on carbon-free energy*1 and achieve net zero CO2 emissions by the Fiscal Year ending March 2041 (FY2040). It will also reduce CO2 emissions across the entire product life cycle from the procurement of raw materials to manufacturing, transportation, use and disposal by 50% (compared to FY2019 levels) by FY2030. To achieve these targets, Fujifilm launched a new Fujifilm Group environmental strategy, Green Value Climate Strategy, which includes promoting Green Value Manufacturing - a strategy to manufacture with a lower environmental impact, and delivering Green Value Products with excellent environmental performance.

Fujifilm has been actively promoting actions to reduce the impact of climate change based on a strong and fundamental belief that environmental conservation is at the core of all Fujifilm's corporate activities, said Chisato Yoshizawa, corporate vice president, ESG, FUJIFILM Holdings Corporation.

Fujifilm is accelerating its climate change ambitions believing that the climate actions over the next 10 years will bring meaningful results in the future. The Fujifilm Group will continue to implement active initiatives for solving climate change issues, thereby helping to establish a zero-carbon future. Here in Europe, Fujifilm is continuing to demonstrate leadership on sustainability through everyday actions, added Toshi Iida, President and Managing Director, FUJIFILM Europe GmbH.

Our European Manufacturing hub, in Tilburg, The Netherlands, operates 100% on wind energy - with our five on-site wind turbines generating around 25% of the electricity since 2011. What's more, our newly opened production facility to make cell culture media products will be carbon neutral, and as we continue to grow, our focus is on high-tech sustainable production and operations across Fujifilm Group. Fujifilm has been implementing climate change measures under the Sustainable Value Plan 2030 (SVP2030) covering the period to FY2030 from the perspectives of resolving social issues through business activities and giving environmental and social considerations in business processes. CO2 emissions have been steadily reduced across the Fujifilm Group through developing environmentally conscious products and services, while adopting energy-efficient manufacturing facilities. In July 2020, the previous target of reducing CO2 emissions across the entire product life cycle by 30% (compared to FY2013 levels) by FY2030 was raised to 45% reduction (compared to FY2013 levels). Fujifilm achieved 41% reduction (compared to FY2013 levels) in FY2020.

The new target is aligned with 1.5 degrees Celsius target set in the Paris Agreement. In addition to implementing measures based on the new Green Value Climate Strategy, Fujifilm is also adopting internal carbon pricing.

*1 Direct emission from the company at the manufacturing stage of the product (Scope 1) and indirect emission due to the use of electricity / steam supplied from other companies (Scope 2)

New CO2 emissions reduction targets

New target

Previous target

1) Level of CO2 emissions reduction across the entire product life cycle by FY2030

50% compared to FY2019 levels

(65% compared to FY2013 levels)

45% compared to FY2013 levels

2)Timing of achieving zero-CO2 emissions from manufacturing

FY2040

FY2050

Measures for achieving the new targets and building a carbon-zero future

1. Manufacturing with a lower environmental impact (Green Value Manufacturing)

Fujifilm uses fuel in the manufacturing process of display materials and various other advanced films, which account for about half of Fujifilm Group's energy use. To achieve carbon-free energy usage, Fujifilm will designate the Ashigara Site of Kanagawa Factory and Fujinomiya Factory in Japan as carbon neutral model plants. At these factories, Fujifilm will promote the introduction and implementation of fuels that do not emit CO2, such as hydrogen and synthetic methane.

Fujifilm will work to broaden the lineup of specialty chemicals produced through flow synthesis*2, which has a greater CO2 emission reduction effect. Also in contract development and manufacturing business for biopharmaceuticals, Fujifilm is promoting the development of high-efficiency / high-productivity technologies and selecting optimal locations for its production sites to be close in proximity to customers.

*2 A method of chemical synthesis in which a chemical substance, a raw material, is continuously supplied to a very fine tube with a diameter of several hundred microns to several millimeters to mix and react. Since a certain amount of raw material is continuously added according to the production amount and the reaction conditions can be precisely controlled, the energy required for heating and cooling can be reduced. It is also possible to reduce the amount of solvent and waste, thereby the environmental impact can be reduced compared to the conventional batch synthesis.

2. Creation / promotion of products and services with excellent environmental performance (Green Value Products)

In order to accelerate the delivery of products and services with excellent environmental performance, Fujifilm has been certifying its own products a
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