Climate Change Data

Environmental Metrics

ESG Focus Areas

• Compliance
• Environment
• Safety
• Contribution to Society

Environmental Achievements

• Reduced CO2 emissions by roughly 28%, or 970 tons, per year at the Toyooka Factory by switching to LNG-fueled boilers.

Social Achievements

• Established Yamaha music schools in Shanghai, Beijing, and Guangzhou; established local sales subsidiaries in Russia and India; implemented a special early retirement program; conducted CSR surveys of business suppliers; actively promoted a working environment enabling all employees to make the most of their individual abilities, regardless of their gender or national origin; provided support to people in various countries who study music through Yamaha music scholarships program.

Governance Achievements

• Reinforced the Internal Auditing Division; established a unit dedicated to CSR within the General Administration Division; established Companywide Governance Committees (Compliance Committee, CSR Committee, and Corporate Officer Personnel Committee).

Climate Goals & Targets

Environmental Challenges

• Intensifying competition in various markets; economic slowdown in North America; sluggish growth in sales of certain products (semiconductor devices, conferencing systems); declining birthrates in Japan; rising raw material prices; risks related to business investment, business alliances, reliance on customers, expansion into international markets, product defects, legal regulations, environmental regulations, information leakage, fluctuations in foreign currency exchange rates, earthquakes and other natural disasters, changes in financial position, and intellectual property protection.

Mitigation Strategies

• Accelerated growth and reinforced earning power by determining which businesses should be nurtured and which should be divested; implemented production base realignment; focused investment on areas where it can leverage its unique strengths; improved profitability by restructuring production facilities and reducing costs; strengthened and expanded production plants in China and Indonesia; bolstered its sales network in emerging markets; acquired L. Bösendorfer Klavierfabrik GmbH; expanded product lineup and strengthened sales capabilities; established Yamaha Music Entertainment Holdings, Inc.; streamlined manufacturing; improved supply chain management (SCM) systems and business processes; implemented policies that exceed the requirements of environmental regulations; refined its internal control system; took active steps to increase shareholder value by paying dividends and acquiring its own shares; pursued anti-counterfeiting measures; took legal measures against copyright infringement.

Supply Chain Management

Responsible Procurement

• CSR Activities Survey for Business Suppliers targeting approximately 1,350 companies in Japan and overseas.

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environmental Management
• Social Contribution
• Governance

Environmental Achievements

• 6% reduction in CO2 emissions compared to 1990 levels (34% reduction achieved)
• Achieved Zero Emissions (less than 1% landfill waste)
• Reduced VOC emissions by 58% compared to 2000 levels

Social Achievements

• Launched Women's Career Support Project
• Implemented initiatives for a better work-life balance, reducing total hours worked per employee by 64.4 hours year-on-year
• Supported aspiring young musicians through scholarships and events like Hamamatsu Jazz Week
• Donated to Sumatra earthquake victims

Governance Achievements

• Established Yamaha Corporation Group CSR Policy
• Enhanced corporate governance through Board of Directors and Executive Officer system
• Strengthened compliance management through the Risk Management Committee

Climate Goals & Targets

Environmental Challenges

• Decreased production due to poor economic conditions impacting environmental targets
• Need to further improve communication with stakeholders on CSR and environmental performance
• Ensuring the continued growth of trees planted in the Yamaha Forest in Indonesia

Mitigation Strategies

• Implemented cogeneration system at Kakegawa Factory to reduce energy consumption
• Increased efforts to communicate CSR and environmental data through various channels, including website and CSR report
• Continued monitoring of the Yamaha Forest and implementation of environmental education and community support programs in Indonesia

Supply Chain Management

Supplier Audits: Approximately 1,300 companies surveyed in 2008, with further surveys conducted in 2010

Responsible Procurement

• Yamaha Material and Component Procurement Policy
• Green Procurement Standards

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• Energy conserving router AV product
• Resource conserving STAGEA, DSP, Silent cello
• Products using afforested timber
• Products using lead-free soldering
• Products supporting environment (treatment of gas emissions/waste liquids)

Awards & Recognition

• Prime Minister's Award at the third Monozukuri (Manufacturing) Nippon Grand Awards (for A.R.E. technology)

Environmental Metrics

ESG Focus Areas

• Universal Design
• Educational Solutions
• Health/Safety Solutions
• Development of regional community-based business and social contribution activities
• Lowering of greenhouse gas emissions
• Sustainable procurement of timber
• Systematic initiatives for the respect of human rights
• Promotion of diversity and human resources development

Environmental Achievements

• 16 Yamaha Eco products (320 total models) certified as environmentally friendly products
• Development and construction of production system for thermoelectric power generation module which can utilize waste heat
• Calculation and disclosure of Scope 3 greenhouse gas emissions

Social Achievements

• Introduction to 124,000 students in 933 schools in Russia and three countries in southeast Asia (School Project)
• Held instrument maintenance seminars for users; systemized and launched training program for repair technicians of wind, string, and percussion instruments in Latin America (AMIGO Project)
• Promotion of community building through music (Oto-Machi)

Governance Achievements

• Transferred to new governance system (move to company with nominating committee, etc.) and stabilized its operation
• Enacted “Yamaha Group Human Rights Policy”
• Implemented employee education and awareness promotion via the intranet, etc.

Climate Goals & Targets

Environmental Challenges

• Reduction of greenhouse gas emissions during business activities
• Avoid use of illegally lumbered timber; promote use of verified timber
• Procure timber with awareness of cycle-based forest conservation
• Develop system/structure for respect of human rights
• Improve effectiveness by strengthening supplier assessment system

Mitigation Strategies

• Calculation and disclosure of Scope 3 greenhouse gas emissions
• Establishment of due diligence procedures to avoid using illegally lumbered timber
• Completion of surveys to produce high-quality timber in Tanzania; beginning of tree-planting pilot project (African Blackwood)
• Establishment of Yamaha Group Human Rights Policy in January, 2018
• Request and execution for 79 supplier companies to execute self-assessment at beginning of transactions

Supply Chain Management

Supplier Audits: 79 supplier companies in 2018; 4044 companies in 2017

Responsible Procurement

• Yamaha Supplier CSR Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks

• Natural disasters

Transition Risks

• Changes to laws and regulations

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI Standards (2016 Version): Core option, ISO 26000

Certifications: ISO 14001, ISO 9001, OHSAS 18001

UN Sustainable Development Goals

• Goal 4
• Goal 12
• Goal 15

The Yamaha Group aims to contribute to Goal 4, “Quality Education,” through our initiatives to spread music. We also aim to contribute to Goal 12, “Responsible Consumption and Production,” and Goal 15, “Life on Land,” by procuring sustainable sources for timber procurement.

Sustainable Products & Innovation

• Yamaha Eco products

Awards & Recognition

• 2017 Excellence in Energy Management Company
• Health and Productivity 2018 (White 500)

Environmental Metrics

ESG Focus Areas

• Music Culture and Education
• Universal Design
• Health/Safety Solutions
• Workplace
• Lowering of greenhouse gas emissions
• Sustainable procurement of timber
• Systematic initiatives for the respect of human rights
• Promotion of diversity and human resources development

Environmental Achievements

• Certified 53 models of Yamaha Eco-products (379 models total, 18% of sales)
• Developed a thermoelectric power generation module which can utilize waste heat, and built a production system for it
• Improved timber due diligence (DD) system; Conducted DD (including on-site inspections) on all timber purchased and judged 94% of purchases as low risk
• Improved ratio of certified timber (29% of all purchased timber)
• Reduced CO2 emissions by approximately 249 tons and reduced electricity usage by approximately 480 MWh for the cumulative total over five years from fiscal 2015 (Piano Factory)

Social Achievements

• Released new digital materials to support music education (chorus and recorder lessons)
• Released new "multilingual simultaneous interpretation guide" feature for "SoundUD™", and launched a subtitle support project for those with visual or hearing impairment
• Began supplying market with in-vehicle communication modules for emergency call systems
• Launched trial shared office project utilizing soundproof rooms and conference systems
• Increased ratio of female managers within Yamaha Group (worldwide total) to 14.9%
• Provided a total of 260,000 students from 1,300 schools in Russia and four countries in Southeast Asia and elsewhere with the opportunity to play musical instruments

Governance Achievements

• Yamaha Corporation made the transition to a Company with Three Committees (Nominating, Audit, and Compensation) from June 22, 2017
• Added human rights management items to Yamaha Group rules and related guidelines
• Held compliance seminars themed on preventing harassment
• Strengthened supplier CSR assessment system; Conducted assessments when beginning transactions (104 companies)

Climate Goals & Targets

Environmental Challenges

• Deforestation and protection of scarce natural materials to prevent resource depletion
• Difficulties may also occur at local bodies and elsewhere at the time of disposal, necessitating consideration of how better to promote recycling (Electronic Musical Instruments)
• The many different materials used in these products necessitate management of chemicals contained in materials used in material production and efforts to promote recycling at the time of disposal (Electronic Musical Instruments)
• Need to take measures for environmental pollution due to substances that exert environmental load in waste materials (Electronic Musical Instruments)
• Low ratio of women in management roles
• Inability to ensure hiring of female employees who can lead the next generation
• Lack of opportunities for students to learn about musical instrument maintenance

Mitigation Strategies

• Establish “Yamaha Timber Procurement Policy” and strengthen efforts for appropriate lumber procurement
• Reduce VOC emissions from wood materials (during product use) and take steps to establish a mechanism for product reuse
• Resource-saving design that allows longer use of electronic instruments through upgrade kits, and energy-saving design using new technologies such as digital amplifiers and switching power supplies
• Stricter efforts to control substances with an environmental impact in products via green procurement, etc.
• Reduce the amount of substances that exert environmental load when products become waste
• Proactive hiring of female employees
• Active promotion and expansion of opportunities to develop the abilities of female employees
• Improving systems to support work-life balance
• Changing workplace awareness and fostering a corporate culture
• Offering support for musical instrument maintenance

Supply Chain Management

Supplier Audits: 4,044 companies (tier 1) self-assessed (FY2016-2017); 79 companies self-assessed in FY2019 (new transactions)

Responsible Procurement

• Yamaha Supplier CSR Code of Conduct
• Yamaha Group Timber Procurement Policy
• Green Procurement Standards

Climate-Related Risks & Opportunities

Physical Risks

• Flooding

Transition Risks

• Regulatory changes, market shifts

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI Standards (2016 Version): Core option, ISO 26000

Certifications: ISO 14001, OHSAS 18001

UN Sustainable Development Goals

• Goal 4 (Quality Education)
• Goal 12 (Responsible Consumption and Production)
• Goal 15 (Life on Land)

Efforts to spread music, procure sustainable sources for timber, and develop products and services with an awareness of the goals and targets of each SDGs.

Sustainable Products & Innovation

• Yamaha Eco-Products
• Products using sustainable materials such as biomass-derived resins
• Products using afforested timber
• Products with resource-saving designs
• Energy-saving designs using new technologies such as digital amplifiers and switching power supplies

Awards & Recognition

• Health and Productivity (White 500) certification (Yamaha Corporation and Yamaha Business Support)
• Eruboshi certification (Yamaha Business Support)

Environmental Metrics

ESG Focus Areas

• Music Culture and Education
• Universal Design
• Development of Health and Safety Solutions
• Workplace Remote Solutions
• Environment
• Society

Environmental Achievements

• Acquired certification for medium- to long-term emissions reduction targets from the Science-Based Targets initiative (SBTi)
• Began sourcing power from renewable energy (sourced approximately one-third of head office power and 1% of total Group power)
• Improved timber due diligence (DD) system; 98.8% of timber purchases judged as low risk
• Increased forecast for ratio of certified timber in fiscal 2021 to 46%
• Began procuring African blackwood from supported areas in Tanzania and advanced tree-planting projects

Social Achievements

• Developed music instruments for performing traditional music, released regional models for Indian market
• Released multilingual simultaneous interpretation guide feature for SoundUD™
• Launched five new headphones and earphones with a Listening Care function
• Communicated telework examples and promoted understanding regarding remote communication and teleworking
• Completed addition of human rights management items to Yamaha Group Policies and Rules
• Increased ratio of female managers within Yamaha Group to 16.3%
• Established helplines and revised rules pertaining to work regulations, etc.
• Awarded with the highest rating of gold in the PRIDE INDEX

Governance Achievements

• Yamaha Corporation made the transition to a Company with Three Committees (Nominating, Audit, and Compensation)
• Appointed a Board with three quarters (3/4) of the members from independent Outside Directors
• Established core positions and globally uniform grading standards
• Declared endorsement of Task Force on Climate-related Financial Disclosures (TCFD) recommendations

Climate Goals & Targets

Environmental Challenges

• Reduction of greenhouse gas emissions during business activities
• Prevention of use of illegally lumbered timber; expansion of use of certified timber
• Sustainable procurement of timber
• System/framework development
• Systematic initiatives for the respect of human rights
• Promotion of diversity and human resources development
• Climate Change

Mitigation Strategies

• Advance emissions reduction initiatives to achieve targets based on Science-Based Targets (SBT)
• Gradually expand the ratio of renewable energy used
• Improve DD (improve inspection accuracy) and accomplish 100% rate of purchases at low risk
• Increase ratio of certified timber
• Develop musical instruments that use timber with a lower risk
• Introduce human rights management items into Yamaha Group Policies and Rules
• Expand work-life balance support systems
• Implement programs for supporting development of employees on or returning from childcare leave
• Improve ratio of female managers
• Identify risks and opportunities and ramp up analyses and disclosure pertaining to material items

Supply Chain Management

Supplier Audits: 3,748 suppliers assessed (98.6% response rate)

Responsible Procurement

• Yamaha Supplier CSR Code of Conduct
• Green Procurement Standards
• Yamaha Group Timber Procurement Policy
• Conflict mineral avoidance

Climate-Related Risks & Opportunities

Physical Risks

• Abnormal weather (typhoons, floods, droughts)

Transition Risks

• Regulatory risks (carbon pricing, regulation)
• Technological risks (delays in adopting new technologies)

Opportunities

• Increased sales of energy-efficient products

Reporting Standards

Frameworks Used: GRI Standards (Core option), ISO 26000, SBTi, TCFD

Certifications: ISO 14001, ISO 45001

UN Sustainable Development Goals

• Goal 4 (Quality Education)
• Goal 12 (Responsible Consumption and Production)
• Goal 13 (Climate Action)
• Goal 15 (Life on Land)
• Goal 3 (Good Health and Well-being)

Initiatives related to music education, sustainable timber procurement, greenhouse gas emissions reduction, forest conservation, and employee health and well-being.

Sustainable Products & Innovation

• Yamaha Eco-Products
• Energy-efficient products
• Products using alternative materials for scarce timber
• Products with reduced chemical substance use (A.R.E. technology)

Awards & Recognition

• Commendation award in the 2019 Internet IR Award
• AAA website in the 2019 homepage ranking
• Silver award in the ranking of companies with superior IR websites
• First place in the educational service industry in JCSI survey (4 consecutive years)
• First place in the network device category of Nikkei Computer Customer Satisfaction Survey (4 consecutive years)
• Gold rating in the PRIDE INDEX
• Recognition under the White 500 category of the Certified Health & Productivity Management Organization Recognition Program

Environmental Metrics

ESG Focus Areas

• Music Culture and Education
• Universal Design
• Health and Safety Solutions
• Workplace
• Remote Solutions
• Environment
• Human Rights
• Diversity & Inclusion

Environmental Achievements

• Expanded use of renewable energy (100% renewable energy at headquarters)
• Improved timber due diligence system (99.4% of timber purchases judged low risk)
• Increased ratio of certified timber to 48%
• Downsized packaging and reduced plastic packaging materials
• Launched and shipped retrofit pianos

Social Achievements

• Enhanced remote meeting systems and other technologies for addressing online meeting demand
• Established teleworking consultation helpdesk
• Officially released and promoted use of SYNCROOM online remote ensemble performance service
• Increased ratio of female managers within the Yamaha Group to 16.0%
• Awarded with the highest rating of gold in the PRIDE INDEX for sexual minority initiatives

Governance Achievements

• Established the Sustainability Committee
• Formed five working groups under the Sustainability Committee
• Transitioned to a Company with Three Committees (Nominating, Audit, and Compensation)

Climate Goals & Targets

Environmental Challenges

• Climate change impacts on business and supply chain
• Supply chain disruptions
• Maintaining high quality and safety standards
• Ensuring fair trade practices
• Preventing corruption

Mitigation Strategies

• Analyzing climate change-related risks and opportunities using TCFD recommendations
• Implementing business continuity plans (BCPs)
• Strengthening human rights monitoring frameworks
• Conducting fair competition law training
• Implementing anti-corruption measures and training

Supply Chain Management

Supplier Audits: 3,748 companies in 2020, 149 new suppliers in 2021

Responsible Procurement

• Yamaha Supplier CSR Code of Conduct
• Sustainable timber procurement
• Conflict mineral avoidance

Climate-Related Risks & Opportunities

Physical Risks

• Abnormal weather (typhoons, floods, droughts)

Transition Risks

• Regulatory risks (carbon pricing)
• Technological risks (adoption of new technologies)

Opportunities

• Increased sales of energy-efficient products

Reporting Standards

Frameworks Used: ISO 26000, SDGs, TCFD, Science Based Targets, UN Global Compact

Certifications: ISO 14001, ISO 45001, FTSE4Good Index Series

UN Sustainable Development Goals

• Goal 4 (Quality Education)
• Goal 12 (Responsible Consumption and Production)
• Goal 13 (Climate Action)
• Goal 15 (Life on Land)
• Goal 3 (Good Health and Well-being)
• Goal 8 (Decent Work and Economic Growth)
• Goal 10 (Reduced Inequalities)
• Goal 17 (Partnerships for the Goals)

Yamaha's initiatives contribute to these goals through music education, sustainable timber procurement, greenhouse gas emission reduction, biodiversity protection, employee well-being programs, fair labor practices, diversity and inclusion initiatives, and community engagement.

Sustainable Products & Innovation

• Yamaha Eco-Products
• Energy-efficient products
• Products using sustainable materials
• Retrofit pianos

Awards & Recognition

• 2020 Internet IR Commendation Award
• AAA website rating
• Silver award for superior IR website
• Gold rating in PRIDE INDEX
• Certified Health & Productivity Management Organization Recognition Program

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance
• Human Rights
• Culture

Environmental Achievements

• Achieved a 10% rate of renewable energy use in fiscal 2023.
• Confirmed that 99.6% (volume ratio) of procured timber was low risk in fiscal 2023.
• Certified timber constituted 53.2% of timber purchased in fiscal 2023 (by volume, 5.6% of which was from newly adopted sources).

Social Achievements

• Offered instrumental music performance experiences to an aggregate total of 2.0 million students in seven countries through the School Project.
• Raised global ratio of female managers to 17.3%
• Installed Listening Care function into all new wireless headphones and earphones

Governance Achievements

• Appointed Naho Ebata as an outside director with expertise in intellectual property management.
• Appointed outside directors to chair the Nominating Committee and the Compensation Committee in fiscal 2024.
• Renewed its certification as a digital transformation-certified business operator.

Climate Goals & Targets

Environmental Challenges

• Lower demand for entry-level digital piano and guitar models in the North American and European markets.
• Sluggish conditions in the Chinese market due to the COVID-19 pandemic.
• Difficulties procuring semiconductors stemming from supply chain disruptions.
• Global rises in commodity prices.

Mitigation Strategies

• Increased selling prices and improved model mixes.
• Expanded product portfolio through acquisition of Cordoba Music Group, LLC.
• Strengthening of supply chains and enhancing the production capabilities of existing factories.
• Investing in production infrastructure (¥35 billion).

Supply Chain Management

Supplier Audits: 60 companies (target)

Responsible Procurement

• Yamaha Supplier CSR Code of Conduct
• Sustainable timber procurement
• Tone Forest activities

Climate-Related Risks & Opportunities

Physical Risks

• Flooding
• Changes to timber procurement region environments due to climate change

Transition Risks

• Carbon pricing
• Increased impact of carbon prices
• Withdrawal of suppliers from timber businesses

Opportunities

• Development of energy-efficient products
• Growth demand for products and services associated with increased time spent indoors due to rising temperatures

Reporting Standards

Frameworks Used: Integrated Reporting Framework of the IFRS Foundation, Guidance for Integrated Corporate Disclosure and Company-Investor Dialogues for Collaborative Value Creation

Sustainable Products & Innovation

• TransAcoustic pianos
• SILENT Piano models
• Products using sustainably sourced timber and eco-friendly materials

Awards & Recognition

• Science Based Targets certification for emissions reduction targets
• Inclusion in the Health & Productivity Stock Selection
• Gold rating in the PRIDE INDEX
• Top 100 Global Innovator

Environmental Metrics

ESG Focus Areas

• Climate Change
• Sustainable Use of Timber
• Resource Savings, Waste Reduction, and Hazardous Substance Reduction
• Contribution to an Equal Society and Comfortable Lives
• Respect for Human Rights in the Value Chain
• Spread and Development of Music Culture
• Increase Job Satisfaction
• Respect for Human Rights and DE&I
• Foster Open Organizational Culture

Environmental Achievements

• Reduced CO2 emissions by 5% through energy conservation (CO2 emissions / production volume)
• Improved logistics packing efficiency by 5%
• Eliminated plastic packaging used for newly launching small products
• Increased rate of sustainable timber use to 75%
• Planted 15,000 African blackwood in Tanzania and conducted local Indian rosewood surveys in India
• Achieved 100% renewable energy at company headquarters

Social Achievements

• Installed Listening Care function for reducing burden on ears by delivering high-quality sound at low volumes into all new headphones and earphones
• Increased number of students enrolled at overseas music school by 17,000
• Raised global ratio of female managers to 17.3% and administered unconscious bias training to 6,100 individuals
• Achieved inclusion in the Health & Productivity Stock Selection for second consecutive year and made progress in improving workplace environment

Governance Achievements

• Introduced non-financial targets centered on sustainability-related indicators among the evaluation indicators for performance-linked bonuses paid to officers

Climate Goals & Targets

Environmental Challenges

• Potential for ¥1.0-2.0 billion increase in Group energy costs by fiscal 2031
• Increases to production or procurement costs due to introduction of carbon taxes
• Increased impact from rising temperatures and natural disasters
• Difficulty procuring timber as a result of changes to the environments of regions from which procured timber is produced stemming from climate change
• Impacts on revenue and stock price from changes in social reputation

Mitigation Strategies

• Exhaustive energy conservation and advancement of conventional energy use reduction plan focused on utilization of renewable energy
• Promotion of investment in low-emissions equipment through introduction of internal carbon pricing system (¥14,000 per t-CO2)
• Reevaluation of flooding risks and potential damages to Yamaha Group bases to enact preemptive measures in preparation for natural disasters
• Increasing of rate of sustainable timber use
• Development of new materials and timber processing technologies to provide substitutes for scarce timber used currently

Supply Chain Management

Supplier Audits: 60 supplier audits (new suppliers) and questionnaires to 2,312 existing suppliers (2023)

Responsible Procurement

• Yamaha Supplier CSR Code of Conduct
• Sustainable timber procurement
• Green procurement
• Conflict mineral due diligence

Climate-Related Risks & Opportunities

Physical Risks

• Increasing frequency and severity of natural disasters
• Changes to the environments of regions from which Yamaha procures timber

Transition Risks

• Institution or increase of carbon prices
• Increased impact from changes in government regulations and technologies

Opportunities

• Development of substitutes for timber
• Growth demand for products and services associated with increase in time spent indoors spurred by rising temperatures

Reporting Standards

Frameworks Used: GRI, SASB, TCFD, UNGC

Certifications: ISO 14001, ISO 45001, Science Based Targets (SBT)

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 17 (Partnerships for the Goals)

Yamaha's initiatives contribute to these SDGs through various environmental, social, and governance programs.

Sustainable Products & Innovation

• Energy-efficient products
• Products with reduced plastic packaging
• Products using sustainable materials
• ADECIA remote meeting sound solution
• Listening Care earphones and headphones

Awards & Recognition

• CDP Climate Change A List
• PRIDE INDEX Gold rating
• D&I Award Best Workplace
• Equileap Top 10 Japanese Companies in Gender Equality
• Hamamatsu City Certification for Businesses with an Active Global Workforce
• Platinum "Eruboshi" Company certification
• Platinum "Kurumin" certification
• Health & Productivity Stock Selection
• White 500 Enterprise certification
• Nihon Service Award for Remote Cheerer
• Good Design Award for Intercom via your Smartphone and Text and Sound Based Multilingual Announcement System
• Minister of Education, Culture, Sports, Science and Technology Award (Daredemo Piano)
• Medal with Dark Blue Ribbon (humanitarian support for Ukraine)

Environmental Metrics

ESG Focus Areas

• Climate Change
• Sustainable Resource Use (Timber)
• Resource Savings and Waste Reduction
• Human Rights
• Diversity, Equity, and Inclusion (DE&I)
• Music Culture Development
• Community Coexistence
• Corporate Governance
• Compliance

Environmental Achievements

• Transitioned to renewable energy for 100% of the power used at the Company headquarters in April 2021, achieving annual reductions in CO2 emissions of approximately 4,700 t-CO2.
• Achieved a recycling rate of approximately 99% in Japan as of March 31, 2024.
• 100-ton reduction in CO2 emissions associated with the disposal of iron packing and a 1,600-ton reduction in iron resource consumption by introducing returnable packing racks for piano frames.
• A 17.0% reduction in the size of the packaging used for Yamaha P series digital pianos resulted in a 12.5% increase in container packing rates, leading to an annual reduction of 269 in the number of 40-foot high-cube containers used together with a 26-ton decrease in annual CO2 emission volumes.

Social Achievements

• Provided instrumental music education opportunities to an aggregate total of 3.02 million children in seven countries through the School Project.
• Raised global ratio of female managers to 19.4% and appointed first female managers at two production bases in Indonesia.
• Achieved improvement of one percentage point in positive response rate for job satisfaction and strengthened career development support measures.
• Achieved improvement of one percentage point in positive response rate for workplace comfort and used surveys to identify and improve issues on a by-organization basis.

Governance Achievements

• Transitioned to a Company with Three Committees (Nominating, Audit, and Compensation) from June 22, 2017.
• Established the Sustainability Committee as an advisory body to the president.
• Introduced an internal carbon pricing system in April 2022.

Climate Goals & Targets

Environmental Challenges

• Energy use increased 1.2% despite a target of reduction of 5% due to lower production levels.
• Challenges in expanding locations for overseas music schools due to impacts of China’s Double Reduction Policy.
• Challenges in expanding the usage of sustainably sourced timber due to limited availability of certified timber for certain species.

Mitigation Strategies

• Promoted energy conservation measures.
• Strengthened career development support measures to improve job satisfaction.
• Formulated propriety standards for sustainably sourced timber and improved due diligence activities.

Supply Chain Management

Supplier Audits: 21 on-site audits in fiscal 2024; 2,312 existing suppliers underwent a self-assessment in fiscal 2023.

Responsible Procurement

• Yamaha Supplier CSR Code of Conduct
• Sustainable timber procurement
• Green procurement
• Conflict mineral due diligence

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather
• Flooding
• Water risks

Transition Risks

• Regulatory changes
• Market shifts

Opportunities

• Development of energy-efficient products
• Investment in renewable energy

Reporting Standards

Frameworks Used: TCFD, GRI, UN Global Compact, SASB

Certifications: ISO 14001, ISO 45001, ISO 9001, IATF 16949

UN Sustainable Development Goals

• Goal 3: Good Health and Well-being
• Goal 4: Quality Education
• 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 17: Partnerships for the Goals

Yamaha's initiatives contribute to these SDGs through various programs related to employee well-being, music education, renewable energy use, sustainable resource management, responsible supply chain practices, and community engagement.

Sustainable Products & Innovation

• Energy-efficient products
• Products with reduced plastic packaging
• Products using sustainable materials
• Products utilizing A.R.E. technology

Awards & Recognition

• CDP Climate Change A List
• D&I Award (Best Workplace)
• Platinum “Eruboshi” certification
• Hamamatsu City Certification for Businesses with an Active Global Workforce
• PRIDE INDEX gold rating
• White 500 enterprise in Certified Health & Productivity Management Organizations Recognition Program
• Clarivate Top 100 Global Innovators
• Japanese Customer Satisfaction Index (JCSI) first place in educational service industry
• Nikkei Computer Partner Satisfaction Survey first place in network device category
• EhonNavi Best Child Raising Item Awards