FUJIFILM backs new climate change initiative

A climate initiative backed by FUJIFILM announces that businesses need to identify climate-related risks and opportunities in order to reduce threats posed by global warming that could ‘destabilise’ financial markets. President Kenji Sukeno has announced that Fujifilm has adopted recommendations from the Task Force on Climate-related Financial Disclosures (TCFD), a think tank established by global banking group the Financial Stability Board (FSB).

The TCFD last year urged companies to analyse “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 destabilize financial markets. FUJIFILM’s new Sustainable Value Plan 2030 (SVP2030) aims at reducing group CO2 emissions by 30 percent by March 2031, compared to 2014, and “contributing to a 50 million ton reduction in society’s overall CO2 emissions by encouraging wider use of the company’s low-emission products and services.