Initiatives for advancing sustainability
Aiming for steadfast advancement of sustainability, the Yamaha Motor Group shares our approach to sustainability with all employees so that each and every one of them can implement it in their work. To this end, we include items in the Basic Policies of CSR which express the social responsibilities of each major stakeholder.
Risk Management Structure and Activities
The risk management structure works toward the thorough reduction of risks on a groupwide basis, and is led by the Risk Management and Compliance Committee. The Committee, chaired by the President and Chief Executive Officer, monitors risks on a groupwide basis while also implementing measures to address any significant risks imposed on the Group.
Based on Group regulations, “Rules of Risk Management,” each Group company assesses risks while taking into account changes in the operating environment including the laws and regulations of the countries in which it operates, and reports assessment results annually to the parent company (Yamaha Motor). In addition, based on Group regulations, “Rules for Initial Response to an Emergency,” each company reports on the occurrence of compliance-related misconduct, disasters, and incidents to the risk management supervising section of the parent company.
The Risk Management and Compliance Committee identifies significant risks at the Group level and makes comprehensive decisions regarding those risks for the entire Group.
Six risks have been identified as being significant to the Group in 2017: natural disaster; fire/explosion incident; labor dispute; transfer pricing risk; a major accident involving a product; and violation of Anti-Monopoly Act.
Business Continuity Planning
Based on “Rules of Business Continuity,” Yamaha Motor is preparing for an anticipated major earthquake in the Nankai Trough off Japan’s Pacific coast based on the damage projected by government bodies, placing foremost priority on the lives and safety of our employees. To maintain the continuity of business operations, buildings and facilities are made earthquake resistant, and the entire Company conducts an evacuation drill and each business location carries out initial response drills, which are repeated annually. An overall Business Continuity Plan is also being formulated to clarify the procedures for restoring operations.
Compliance Awareness and Consistency
Code of Ethics
Implementation of Training in Compliance and Regulations
Based on its “Compliance Management Rules,” Yamaha Motor formulates a compliance activity plan each year, holds seminars on laws and regulations that pertain to the Company, conducts annual workplace training to cultivate awareness of compliance among all employees, and implements compliance in work operations at the individual employee level to create a model that will gain the trust of society.
More than 6,600 employees attended laws and regulations training sessions during 2016, which covered topics including the government’s new My Number Act, the Antimonopoly Act, the Unfair Competition Prevention Act, copyrights, insider dealing, export and import processing, environmental regulation, and the Subcontract Act.
|Executive officer training||29|
|Division manager training||200|
|Laws and regulations training||6,672|
|Level-specific stratified training (division manager, manager, floor manager, new hires, mid-career hires and temporary staff, etc.)||1,271|
|North America, Europe, Australia||Central and South America||ASEAN||East Asia||China and Taiwan||Total|
With regard to bribery, all risks that should be evaluated by all Group companies are included under Bribery in the risk management ledger, and are evaluated by operating divisions and Group companies. The Board of Directors also monitors the management status of ESG issues, and receives regular reports from the Risk Management and Compliance Committee. In addition, Yamaha Motor has prepared and disseminated its Guidebook to Prevent Bribery of Public Officials throughout the Group, and established other programs that ensure the thorough prevention of corruption including legal and regulatory training and training targeted for specific groups or individuals (in particular for staff scheduled to be posted overseas or who otherwise have the possibility of high risk exposure). A prior consultation system has also been introduced to prevent bribery, and prior consultation with the relevant legal affairs division is mandatory in cases where benefits are provided to public officials in Japan or any other country, or for subcontracting where there are existing possibilities of contact with public officials in Japan or any other country. Mandatory procedures are also in place for political contributions, based on the laws of the country involved.
Whistle-Blowing Systems (Compliance Hotlines)
In addition to its Harassment Hotline, Yamaha Motor has established its Compliance Hotline for any notification of behavior that could violate the Code of Ethics and for discussion or inquiries regarding compliance in general. The Compliance Hotline has been set up at an external, specialist institution, and is the common contact point for notification and consultation for all domestic Group companies. By way of anonymity, this arrangement reduces the reluctance of reporting by eliminating the fear of retribution and clarifying relevant regulations, in an effort to prevent or quickly detect illegal or improper conduct.
|Subject of Reports in 2016||Percent of Total|
|Human resources and labor relations||64%|
|Human rights violation||0%|
Overseas Group companies have also established whistle-blowing frameworks based on the laws of the country in which they operate and the circumstances of each company.
Thorough Import and Export Management
Because a large proportion of the Yamaha Motor Group’s business activities are conducted outside of Japan, we are constantly engaged in activities which place importance upon the management of imports and exports.
As an initiative related to exports, at Yamaha Motor Co., Ltd., we conduct Security Trade Control (STC) study sessions and liaison meetings based upon compliance with the Foreign Exchange and Foreign Trade Act and other related laws and regulations. For relevant departments and Group companies, regular and comprehensive educational training sessions are implemented. As one aspect of training for those engaged in trade, we encourage employees to take the STC Associate*1 and STC Expert*2 examinations and we have had successful candidates each year.
- The “STC Associate Examination” is a practical accreditation exam for security trade control conducted by the Center for Information on Security Trade Control (CISTEC), a non-profit and non-governmental organization.
- The “STC Expert Examination” is an accreditation exam demanding a higher level of ability compared to the “STC Associate Examination.”
- Substances prohibited for use in manufacturing, etc. are substances indicated in Item 1, Article 16 of the Enforcement Order of Industrial Safety and Health Law.