FUJIFILM Holdings Corp

Our ESG Committee chaired by our president deliberates and makes decisions regarding matters related to our climate change activities. The committee meets regularly, and its agenda is reported to the Board of Directors, who then provide instructions and guidance regarding the reports received from the ESG Committee to ensure the effectiveness of the process. The ESG Committee deliberates issues related to climate change which it considers to be priority risks alongside compliance issues and other risks (2.2.3 Compliance and Risk Management Promotion Structure). In addition to the targets for reducing CO2 emissions and expanding the use of renewable energy, the committee makes decisions regarding our participation in climate change-related initiatives. Past deliberations have resulted in our endorsement of the TCFD recommendations, our joining RE100 and our obtainment of SBT validation. In fiscal 2021, the Board of Directors deliberated and approved our introduction of internal carbon pricing (ICP) and information disclosure in compliance with the TCFD recommendations. Additionally, the ESG Committee deliberates to determine the effect that the degree of achievement of decarbonization targets will have on medium-term performance-linked share-based remuneration with final decisions on the matter made by the Board of Directors.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]As a member of JCI(Japan Climate Initiative), we aim to realize a sustainable decarbonized society from 2018 together with companies, local governments, organizations, and NGOs with the same intention. So far, in June 2020, as a member of JCI, participated in an opinion exchange meeting with the Minister of the Environment for green recovery from the pandemic of COVID-19. He emphasized the need for support for technological development and infrastructure development for decarbonization of fuel, which is important in the chemical business. In January 2021, as a member of 93 member companies, we announced a message requesting that the renewable energy power target for 2030 be 40-50% in the next basic energy plan formulated in the same year. Since JCI's direction is in line with our strategy, we continue to support it.

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]Yes