The Yamaha Group is committed to responsibly addressing the potential impacts of its business activities on human rights and promotes human rights due diligence for this purpose.
We assess our activities across the value chain based on international norms on human rights and on the self-assessment items of the UN Global Compact and actively engage in dialogue with stakeholders and experts. Through this process, we identify and specify the human rights risks apparent in our business. Since 2019, the Yamaha Group has worked to identify the material human rights issues faced in different industries through participation in the Stakeholder Engagement Program of Caux Round Table Japan. Our involvement in this project helped us identify themes related to human rights issues pertaining to raw material procurement (illegal logging), workers in the Group and across the supply chain, customers (product and service safety, protection of personal information), and the residents of communities in which the Group has business sites. With a focus on these themes, the Group inspects the implementation status of the related rules, incorporates necessary items into regulations and guidelines from a human rights perspective, and carries out comprehensive human rights assessments performed by monitoring the compliance status with such regulations. Moreover, in February 2022 we began working with experts to improve the Group’s human rights due diligence activities and better identify material human rights issues based on contemporary trends and the characteristics of our business.
In addition, the Working Group for Human Rights, Diversity, Equity, and Inclusion was established in 2021 as part of the Companywide Sustainability Committee. Chaired by the executive general manager of the Human Resources and General Administration Unit and with members from major relevant divisions, this working group is responsible for overseeing human rights due diligence activities.