Process for Identifying Materiality
In identifying priority issues (materiality), important social issues that impact both the Fujifilm Group and society are identified through the steps shown in the figure and established as priority issues in SVP 2030. In evaluating materiality in Step 3, priority issues were identified after studying both how to resolve social issues through business activities (contribution to environment and society) and how to increase consideration for society and the environment in our business processes (minimization of environmental and social impacts). Regarding social interests and requests, priority issues (top right of the figure) have been identified through evaluation by E Square, a CSR specialist representing current social opinions. In the area of the environment, the issues requiring urgent action on a global scale, social and environmental impacts (risks) and contributions (opportunities) have been mapped according to the SDG Compass to enable us to organize priority issues.
FY2019 used to be the last year of our Medium-Term Management Plan, VISION 2019 (for the time being, the next medium-term management plan was postponed to be announced owing to COVID-19 pandemic). In light of progress on VISION 2019 and the latest global trends in issues, we have reviewed the following three perspectives that had been emphasized in the planning of SVP 2030, our CSR Plan that started in 2017. As a result of these reviews, we have decided to continue the basic policy of clearly specifying our long-term vision of how the Group will contribute to resolving social issues as a global company.
- Define long-term targets (for 2030)
- Promote measures based on disclosed numerical targets for global environmental issues
- Promote priority measures for resolving social issues through business activities (contribution to society and the environment) and considering society and the environment in our business processes (minimization of environmental and social impacts).
For achievement of SVP 2030 and aiming to be a cooperation that contribute to realize a sustainable society, we will reexamine our group-wide activities and long-term targets through PDCA every three years by planning for mediumterm management reform.
Developments from the medium- and long-term CSR plan
[STEP 1] Clarifying the Basic Policies
In addition to the review of CSR activities under SVP 2016, issues that should take priority in SVP 2030 were identified with attention given to global developments in response to climate change, etc. As a result of the review, the perspective adopted in SVP 2016 to make company-wide efforts to solve social issues as opportunities for business growth was upgraded to clearly specify a future vision from the long-term perspective on contributions to resolving social issues as a global company and was adopted as the basic policy.
[STEP 2] Extracting Social Issues Based on Business Strategy
In identifying social issues, a comprehensive list of some 300 items has been created, with the addition of items that must be addressed from a long-term perspective, including roughly 130 items from various indexes such as the global standards ISO 26000 and GRI Guidelines/Standard, the goals of the Paris Agreement and the 169 goals under the SDGs. In addition, technologies, products and services that were developed by all our divisions have been reviewed for the degree to which they will contribute to resolving social issues, and a list of relevant social issues has been created.
[STEP 3] Evaluation of Materiality
In evaluation of materiality, we adopted the two sides of approaches reducing/making consideration of the social impact generated from business activities and resolving social issues through business.
Furthermore, regarding social issues we have selected through the above two processes, to organize the contents which we can have some impacts, we have laid them out in the following map especially from environmental viewpoints, which is an issue of urgency, of both the negative impacts from business processes (risk) and the positive impacts from social contribution through business (opportunity) based on the SDG Compass.
[STEP 4] Planning and Review
For each priority issue defined in STEP3, we classified them by fields and make them easier to understand. To ensure concrete action, we also defined targets for fiscal 2030 considering business issues our businesses should address and indicators to boost progress together with relevant business divisions at operating companies.
Regarding environmental issues on a global scale, numerical targets for 2030 were set.
Priority issues of SVP 2030 were finalized in the deliberations by the CSR Committee (present ESG Committee), headed by the President of FUJIFILM Holdings. After approval by the ESG Committee, we are now addressing the issues under a groupwide policy.
Reviewing Priority Issues (Materiality)
The Fujifilm Group reviewed its CSR plan SVP 2030 from FY2019 to FY2020 in preparation for Vision 2023, our new Medium-Term Management Plan. SVP 2030 is intended to be reviewed every three years with each new Medium-Term Management Plan. In the latest review, certain targets in the area of the Environment have been made more challenging. At the same time, a number of new targets have been established. In the areas of Health and Work Style, new KPIs have been introduced for priority issues that are targeted for resolution through our business activities.
We revised some targets to make them more challenging and added some new targets. Added/revised targets are as follows:
- Reduce CO2 emissions throughout the entire product life cycle by 45% compared with FY2013 levels.
- Increase the amount of contribution to reduce CO2 emissions to 90 million tons by offering products and services that enable significant CO2 emissions reduction when our customers use them.
- Increase the sales percentage of Green Value Products, which significantly reduce environmental impact, to 60% of total Fujifilm Group sales.
We have set following KPIs in the area for solving social issues through business activities.
- Improving access to medical services by using medical AI technologies to introduce our products and services to all 196 countries and regions in the world by fiscal 2030.
As a result of the review, we determine that our efforts are sufficiently valid and we should continue the same contents.
We have set following KPIs in the area for solving social issues through business activities.
- Offering 50 million people work styles that support employee productivity and creativity through solution services that bring innovation to our business.
For achievement of SVP 2030, we will re-examine our group-wide activities and long-term targets through PDCA every three years by planning for medium-term management reform.
The outline of major activities for SVP 2030 in fiscal 2020 is as follows:
Major SVP 2030 Targets and Activity Results
|Priority Area||Priority Issues||Targets for FY2020||Activities results until FY2020|
|Environment||Address climate change.||Reduce the Fujifilm Group’s CO2 emissions by 30% by FY2030 compared to FY2013 levels.||Achieved 30% reduction target ahead of plan.
→CO2 emissions reduction target by FY2030 was revised upward to 45%.
|Contribute to 90 million tons CO2 emissions reduction through products and services by FY2030.||Moving forward successfully toward our target.
→Revised the target upward 50 million to 90 million tons.
|Health||Fulfill unmet medical needs.||Develop and disseminate new treatments based on regenerative medicine and cell therapy.||Promoted drug development by CDMO, iPS cells cultures|
|Improve accessibilities to medical services.||Reduce burden on medical professionals by utilizing IT||Developed products and services utilizing an AI technology to support diagnosis in 57 countries.|
|Daily Life||Contribute to creating a safe and secure society.||Develop technologies for products and services and promote their greater use to contribute to the development of an ICT.||Developed and disseminated new products such as high-capacity magnetic tape storage media of 30TB.|
|Contribute to enriching humanity and relationships between people.||Contribute to enriching and making people’s lives peaceful through records of photos and videos, and photographic products that give form to memories.||Held photo exhibitions around the world, such as The Heart to Heart Communication—“PHOTO IS” 50,000— Person Photo Exhibition, etc.|
|Work Style||Create environments that lead to motivated workplace (provision of solution services).||Contribute to generate the innovation for organizations and society by offering solutions and services that support increasing worker’s productivity and exerting their creativity.||Provided solution services to support remote working during COVID-19 pandemic, such as Net Print Service|
SVP 2030 Priority Issues and Relevant Parties
|Priority Area||Priority Issues||Solving social issues through business activities||Considering society and the environment in our business processes||Relevant business/parties|
|Environment||1. Address climate change||●||●||Entire Group (especially for factories/Highly Functional Materials)|
|2. Promote recycling of resources||●||●||Entire Group (especially for factories/Highly Functional Materials)|
|3. Address energy issues toward a decarbonized society.||●||Entire Group (especially for Highly Functional Materials)|
|4. Ensure product and chemical safety.||●||●||Entire Group (especially for factories/Highly Functional Materials)|
|Health||1. Fulfill unmet medical needs.||●||Healthcare|
|2. Improve accessibilities to medical services.||●||Healthcare|
|3. Contribute to identifying diseases at an early stage.||●||Healthcare|
|4. Contribute to health promotion and beauty.||●||Healthcare|
|5. Promote management of a healthy workplace.||●||(Internal)|
|Daily Life||1. Contribute to creating a safe and secure society.||●||Highly Functional Materials|
|2. Contribute to enriching humanity and relationships between people.||●||Imaging|
|Work Style||1. Create environments that lead to motivated workplace (provision of solution services).||●||●||Business Innovation (former Document Solutions)|
|2. Develop and utilize diverse human resources.||●||(Internal)|
|Supply Chain||Strengthen CSR foundations across the entire supply chain including factors of the environment, ethics, and human rights.||Supplies (+ Entire Group)|
|Governance||Improve and maintain governance structures by further disseminating an open, fair and clear corporate culture.||Entire Group (+ Supplies)|