Climate Change Data

Yamaha Motor Co., Ltd.

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:30,549,563 tCO2e (Scope 3)
Scope 1 Emissions:144,959 tCO2e
Scope 2 Emissions:257,699 tCO2e
Scope 3 Emissions:30,549,563 tCO2e
Renewable Energy Share:37% (2023)
Water Consumption:1,137 thousand m3 (Yamaha Motor)
Waste Generated:15,514 tons (Yamaha Motor)

ESG Focus Areas

  • Climate Change
  • Resource Recycling
  • Biodiversity
  • Human Capital Management
  • Human Rights

Environmental Achievements

  • Reduced CO2 emissions per unit sales from production activities by 58% from 2010 levels
  • Installed renewable energy facilities in 14 countries and regions, achieving 37% renewable energy share
  • Reduced Scope 1,2 CO2 emissions throughout the Group by 19%
  • Introduced one model of electric motorcycles to the global market (with a target of eight by mid-2025)
  • Used plant-derived cellulose nanofiber reinforced resin for engine covers for 2024 models

Social Achievements

  • Yamaha Riding Academy (YRA) reached 237,000 participants in 29 countries
  • Increased local talent ratio of overseas subsidiary executives to 55.6%
  • Increased the percentage of female managers in the Group to 11.1%
  • Employee engagement score up 3% (compared to 2021)
  • Human rights policy adopted by 100% of group companies
  • Agreements on human rights policies reached with 27% of dealers and suppliers (target of 100% by 2027)

Governance Achievements

  • Established a Human Capital Management Committee chaired by the President and Chief Executive Officer
  • Established the Yamaha Motor Group Diversity, Equity, and Inclusion (DE&I) Policy
  • Number of female managers at Yamaha Motor Co., Ltd. reached 58 by the end of 2023 (target of 56)

Climate Goals & Targets

Long-term Goals:
  • [object Object]
Medium-term Goals:
  • Achieve 80% reduction in Scope 1,2 emissions by 2030 (compared to 2010)
  • Achieve over 30% renewable energy share by 2035
Short-term Goals:
  • Reduce CO2 emissions from business operations to achieve carbon neutrality by 2035
  • Reduce CO2 emissions from product use by 24% by 2035
  • Introduce at least eight new models of electric motorcycles to the global market by mid-2025
  • Increase the percentage of female managers in the Group to 13% by 2024
  • Achieve 9% renewable energy share by 2024

Environmental Challenges

  • Supply chain disruptions due to geopolitical risks and natural disasters
  • Tightening emissions standards and regulations in various countries
  • Shortage of scarce resources required for electric vehicle batteries
  • Potential for reduced sales of ICE motorcycles due to bans on fossil fuel vehicles
  • Extreme weather events impacting operations
  • Human rights risks in the supply chain
Mitigation Strategies
  • Developing alternative sourcing strategies
  • Investing in R&D for low-carbon products and carbon-neutral fuels
  • Developing electrified versions of products
  • Implementing theoretical-value-based production
  • Expanding use of renewable energy
  • Conducting human rights assessments and due diligence at suppliers

Supply Chain Management

Supplier Audits: Assessments conducted at suppliers in Indonesia and Japan (2019-2023)

Responsible Procurement
  • Sustainability Guideline for Suppliers
  • Green Procurement Guidelines
  • ESG standards for supplier selection
  • Monitoring of chemical substances

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events (flooding, storms, etc.)
Transition Risks
  • Tightening emissions standards
  • Carbon tax
  • Shortage of resources for batteries
Opportunities
  • Demand for low-carbon products
  • Expansion of electric vehicle market
  • Development of carbon-neutral fuels

Reporting Standards

Frameworks Used: UN Global Compact, TCFD

Certifications: ISO 14001, ISO 45001

Third-party Assurance: SGS Japan Inc.

UN Sustainable Development Goals

  • Goal 7 (Affordable and Clean Energy)
  • Goal 8 (Decent Work and Economic Growth)
  • Goal 9 (Industry, Innovation, and Infrastructure)
  • Goal 12 (Responsible Consumption and Production)
  • Goal 13 (Climate Action)
  • Goal 14 (Life Below Water)
  • Goal 15 (Life On Land)
  • Goal 17 (Partnerships for the Goals)

Yamaha's initiatives contribute to these goals through various activities, including promoting sustainable products, improving energy efficiency, supporting local communities, and engaging in responsible supply chain management.

Sustainable Products & Innovation

  • Electric motorcycles
  • Electric scooters
  • Electrically power assisted bicycles
  • Electric golf cars
  • Products using recycled PP and green aluminum
  • Products using plant-derived cellulose nanofiber reinforced resin

Awards & Recognition

  • White 500 Outstanding Health and Productivity Management Organization (2024)