Integrated Report 2021(For the year ended December 31, 2020)

Process for Identifying Important Societal IssuesIssues directly affecting the sustainability of our business modelImportant issues related to the strengthening of our business platformsSTEP 1We look at the wide range of societal issues referenced in the United Nations’ Sustainable Development Goals (SDGs) and the Global Risks Report, and select those that will have the greatest impact on Yamaha Motor’s use and procurement of management resources, and for which the resolution will make the greatest contribution to the enhancement of corporate value. We also evaluate the importance of societal issues from the perspective of stakeholders, referencing the valuations of ESG rating institutions.SortSTEP 2Through consultation with operating divisions, functional divisions, and corporate divisions, the divisions clarify the relationships between the issues selected in Step 1 and each division’s policies and activities, and those that should be addressed Companywide are aggregated and categorized.CategorizeSTEP 3All of the Company’s officers deliberate societal issues aggregated and categorized in Step 2 at Management Committee and Board of Directors meetings and designate “important societal issues” that should be addressed Companywide using the Company’s strengths, corporate philosophy, and unique capabilities.DesignateSTEP 4Initiatives to resolve the identified important societal issues have been incorporated into the current Medium-Term Management Plan. The rigorous implementation of these initiatives will be monitored going forward.IncorporateEnvironment and resourcesTransportation, education, and industryInnovationHuman capital management19Yamaha Motor Co., Ltd. Integrated Report 2021Selected societal issues• Financial crisis in important economic zones• Unmanageable inflation• Failure of national governance• Failure of regional or global governance• Inter-government conflict over regional problems• Deepened social uncertainty• Abuse of technological progress• Introduction of industrial processes taking into account clean technologies and efficient use of resources• Heightened awareness of sustainability• Promotion of economic growth based on fair work environments• Reduction of waste materials• Curtailment of corruption and bribery• Improved energy efficiency (including promotion of use of renewable energy)• Promotion of use of inexpensive, reliable energy• Promotion of safe and secure work environments• Advancement of diversity and inclusion• Effective use of water resources and prevention of pollution• Securing of clean water resources• Abolition of inequality• Responses to multistakeholders• Promotion of innovation (active use of global partnerships)• Implementation of fair taxation• Promotion of sustainable industrialization• Elimination of discrimination against women and protection of human rights• Use of women’s skills• Strengthened disaster prevention and response• Eradication of forced labor, human trafficking, and child labor• Increased employment for socially vulnerable people• Prevention of pollution and damage from harmful chemical substances• Strengthened measures to address climate change• Sustainable use of natural resources• Promotion of innovation (promotion of sustainable industrialization)• Promotion of innovation (promotion of sustainable forms of consumption and production in developing countries)• Strengthened support for emerging and developing economies• Promotion of protection and recovery of land ecosystems• Provision of a stable living environment• Halting of deforestation• Protection and recovery of marine ecosystems• Expansion of educational systems (including vocational training)• Enhanced educational environment in developing countries• Promotion of social infrastructure development• Prevention of traffic accidents• Protection of small-scale agricultural and fishing industries• Advancement of sustainable fishing industry• Improved access to fishing areas and markets in least developed countriesImportant issue areasImportance to Yamaha MotorLowHighImportance to stakeholdersHighLowYamaha Motor has identified important societal issues that it will address while leveraging its strengths and promotes initiatives to resolve those issues, with the aim of achieving sustainable growth of its corporate value as well as the sustainable development of society and the environment. The Sustainability Committee takes the lead role in advancing these initiatives and each department monitors and manages their respective progress. Our policy is to periodically review and revise our materiality issues in light of changes in the environment and other factors.Important Societal Issues (Materiality Issues)

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