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Fujifilm fights against climate change

Fujifilm fights against climate change

January 8, 2019

The company has given its backing to a new initiative which calls on businesses to identify and reduce climate-related risks.

According to Wide Format Online, the OEM’s President, Kenji Sukeno, has announced that Fujifilm has adopted the recommendations presented by the Task Force on Climate-related Financial Disclosures (TCFD).

The TCFD was established in 2015 as a think tank by the Financial Stability Board, a global banking group, in order to address the impact of climate change on the global financial system. It is headed by Mark Carney, the FSB Chairman and the Governor of the Bank of England, alongside American businessman and politician Michael Bloomberg.

Last year, the TCFD implored companies to take stock of “climate-related business risks and business opportunities in the mid- to long-term, and reflect findings to and disclose financial information in order to mitigate risks that could destabilise financial markets.”

In a company statement, Sukeno declared that Fujifilm would “actively disclose information on the impact of climate change on business activities from the perspectives of governance, strategy and risk management.”

“Fujifilm Holdings will continue to actively work on addressing climate-related issues and engage in dialogues with stakeholders so as to contribute to the realisation of sustainable society,” the statement continued.

Sukeno also discussed the OEM’s new Sustainable Value Plan 2030 (SVP2030), which aims to reduce the group’s CO2 emissions by 30 percent by March 2031, compared to their 2014 total. It also seeks to contribute to “a 50 million tonne reduction in society’s overall CO2 emissions, by encouraging wider use of the company’s low-emission products and services.”

The TCFD claims that more than 275 companies across the world, with a combined market capitalisation of $6.6 trillion (€5.7 trillion), support its recommendations to combat climate change and its consequences.

Categories : Around the Industry

Tags : Climate Change Financial Stability Board Fujifilm Japan TCFD

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