Yamaha Motor Co Ltd

The Sustainability Committee, chaired by the President and Chief Executive Officer, and comprised of the Executive Officers with titles, was established as part of the sustainability promotion structure. The Sustainability Committee deliberates on and determines the response to issues related to sustainability and risk compliance. The Environment Committee, chaired by the Executive Officer assigned to the environment, was established as the subordinate committee to deliberate on and review, from specialist perspectives, policies and visions for the future concerning environmental initiatives, medium- and long-term environmental plans, investment, and monitoring. In regard to sustainability issues other than those related to the environment, the Sustainability Promotion Meeting has been established as the subordinate council of the Sustainability Committee. Issues are addressed by organizing the Risk Compliance Secondary Meeting, the Sustainability Secondary Meeting, and the Global Compact Secondary Meeting for each issue, with members consisting respectively of persons from related divisions. [...] An analysis of materiality (material social issues), including checks on progress, is carried out at least once a year through the Sustainability Committee and the Board of Directors' meetings. Additionally, the results of the materiality KPIs that are the indices for ESG management constitute part of the non-financial assessment of the individual performance-based compensation of the director in charge while the overall progress (including ESG evaluations by external evaluation organizations) constitutes part of the company-wide performance-based compensation for executives including the President and Representative Director. [...] The Board of Directors formulates policies on dealing with issues concerning sustainability and regularly reviews their implementation status. With regard to issues concerning sustainability and issues concerning risk and compliance, the Board of Directors oversees the Sustainability Committee which meets six times a year, chaired by the President and Chief Executive Officer and comprising executive officers appointed by the Board of Directors. Sustainability Committee Chair: President and Chief Executive Officer Members: Executive Officers with titles For issues concerning sustainability, we positioned the environmental field in particular as an important area to be tackled by management, and established the Environment Committee, chaired by an executive officer in charge of environmental activities. The Environmental Committee meets six times a year to discuss policies and visions concerning environmental issues (climate change, resource recycling, biodiversity, etc.), formulate the Yamaha Motor Group's long-term environmental plan (Environmental Plan 2050), and conduct annual reviews of how each operating division has progressed against its targets. It reports its findings to the Board of Directors at least twice a year. Additionally, to encourage effective initiatives, materiality KPI results including climate change and external evaluations of ESG were linked to the compensation of management and executives.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]As one of the major organizations supporting Japanese industry, the Environmental Committee of the Japan Automobile Manufacturers Association, contributes to solving environmental problems, including global warming. For example, the committee is responsible for planning and implementing countermeasures for various environmental issues related to automobiles, and researching and establishing measures to prevent global warming.
Our Chairman and Representative Director and President and Representative Director (CEO) serve on the Board of Directors of the Japan Automobile Manufacturers Association (JAMA), our President serves as the Chairman of the Motorcycle Committee, and one of our Executive Officers (Chairman of the Environment Committee) is a member of the Environmental Technology & Policy Committee. In addition, in-house experts in charge of various issues participate in the monthly meetings of the JAMA's "Environment Committee," "Global Warming Countermeasures Study Group," "Plant Environment Subcommittee," and "Recycling & Waste Reduction Subcommittee," thereby contributing to the promotion of JAMA activities.
Participation in the JAMA allows us to be involved in the formulation of various environmental policies, including those related to global warming countermeasures. As our Chairman and Representative Director and President and Representative Director (CEO) serve on the board of directors of the JAMA, they are able to discuss our response to environmental policies decided by the JAMA at the Sustainability Committee, which discusses company-wide risks, including climate change issues, and implement them as members of the JAMA, thereby promote our own global warming countermeasures.

Describe the process(es) your organization has in place to ensure that your external engagement activities are consistent with your climate commitments and/or climate transition plan?[…]As one of the major organizations supporting Japanese industry, the Environmental Committee of the Japan Automobile Manufacturers Association, contributes to solving environmental problems, including global warming. For example, the committee is responsible for planning and implementing countermeasures for various environmental issues related to automobiles, and researching and establishing measures to prevent global warming.