Fujifilm Group's CO2 emission reduction target for FY2031/3 approved by
the international environmental initiative “Science Based Targets (SBT) initiative”
November 16, 2017
FUJIFILM Holdings Corporation (President: Kenji Sukeno) has announced that its CO2 emission reduction target for the fiscal year ending March 2031 (FY2031/3) has been approved by the international environmental initiative, Science Based Targets (SBT) initiative(*1), as the target based on scientific basis for achieving the “2 degrees Celsius” goal set out under the Paris Agreement.
The Fujifilm Group drawn up the “Sustainable Value Plan 2030 (SVP2030)” in August 2017 as a new CSR plan targeting for FY2031/3 to contribute to achieving goals for resolving social tasks, as set out in the Sustainable Development Goals (SDGs) promoted by the United Nations and Paris Agreement. SVP2030 defines the “environment,” “health,” “daily life” and “working style,” as four key areas, to be addressed from the perspectives of both “considering environmental and social impacts through business processes” and “resolving social issues through business activities.” Furthermore, as a global company, SVP2030 specifies the stronger CSR foundations, in terms of environmental, ethical and human rights issues affecting the whole supply chain and also refers to the stronger governance required to achieve the further penetration of an open, fair and clear corporate culture.
In particular, as a priority task in the area of the “environment,” SVP2030 sets the goal of achieving a 30% reduction in the volume of CO2 emitted across the entire product lifecycle (Scope1,2,3)(*2) compared to FY2014/3 by FY2031/3. The SBT initiative, aiming at ensuring implementation of the Paris Agreement, has officially recognized this CO2 emission reduction target and posted it on the initiative's website(*3). Toward achieving the goal, Fujifilm will further promote efficient use of energy as well as measures for low-carbon / energy saving across the Group, while expanding the use of renewable energies on a long-term span.
Through the implementation of the new long-term CSR plan SVP2030, the Fujifilm Group will strive to resolve various social issues, including response to climate change such as the issue of the highest global concerns, and contribute to the establishment of sustainable society.
*1 The Science Based Targets initiative was launched in September 2014 as a collaboration between the CDP, World Resources Institute, the World Wide Fund for Nature, and the United Nations Global Compact, aimed at promoting science-based targets for reducing greenhouse gas emissions to keep global temperature increases below 2 degrees Celsius compared to pre-industrial temperatures. In November 2016, the Paris Agreement, aimed at keeping a global temperature rise this century well below 2 degrees Celsius, went into effect as an international framework on climate change.
*2 Scopes1, 2 and 3 signify categories for calculating the volume of greenhouse gas emissions.
Scope1: Direct emissions from the organization's own factories, offices, and etc. (emissions generated when burning fuel)
Scope2: Emissions from the consumption of thermal energy, electricity, or other sources of energy purchased by the organization (emissions caused at the time of generating the electricity purchased)
Scope3: Emissions from the supply chain under the organization's activities (emissions at the time of raw material procurement, product transportation, product use, and product disposal)
For inquiries on information in this media release, contact:
- Customer Contact: CSR Group, Corporate Planning Division
- Tel: +81-3-6271-2065
- Media Contact: Corporate Communications Office, Corporate Planning Division
- Tel: +81-3-6271-2000
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