Anti-Corruption Measures
An introduction to the Yamaha Motor Group's initiatives in the area of anti-corruption measures
The Yamaha Motor Group has declared its commitment to anti-corruption in its Basic Policies of Sustainability. Furthermore, in the Code of Ethics that stipulate the standards of behavior expected of employees and executives, we have declared our intention to restrict the entertainment and exchange of presents with public officials and always maintain healthy and transparent relationships with them. Yamaha Motor Group also signed the “United Nations Global Compact” that aims to eliminate corruption, and further explicitly prevents corruption in the “Sustainability Guideline for Suppliers”, working together with the entire supply chain of Yamaha Motor Group to combat bribery. To promote these initiatives more thoroughly at the global level, we have formulated the Yamaha Motor Group Anti-Bribery Policy and are pursuing activities in line with it.
*1: "CSR Guideline for Suppliers " in the file refers to the current "Sustainability Guideline for Suppliers".
As stated in the Yamaha Motor Group Anti-Bribery Policy, risks evaluated on a common basis Groupwide are included under “corruption” in the comprehensive risk management ledger, and bribery is included in the corrupt practices whose risks are evaluated by and due diligence is conduct on by the operating divisions and Group companies. The Board of Directors receives regular reports from the Chief Risk Compliance Officer (CRCO) on the status of management of ESG risks, including corruption, based on deliberations by the Global Risk and Compliance Management Committee.
In addition, we have created the Regulations for the Prevention of Bribery of Public Officials, and checklists, etc. and deploy them in the Yamaha Motor Group, and at the same time, we organize group training on laws and regulations, and individual training for persons concerned (in particular, persons at potentially high risk such as those scheduled for overseas assignments). In addition, we have introduced a prior consultation system and review system to prevent bribery, and we require prior consultation with the legal department and prior review in cases where we provide benefits to public officials in Japan and overseas, or where we subcontract operations to a business partner that may have contact with public officials in Japan and overseas. We follow the necessary internal procedures in accordance with the laws and regulations of each country when making political contributions.
There were no significant legal violations, penalties, surcharges, etc. related to anti-corruption in 2024.
