Third-party Opinion

Yamaha Group attempts to respond to each CSR issue on a global scale. To achieve further improvement in the future, we obtained a third-party opinion on Yamaha’s CSR initiatives and report from Mr. Hidemi Tomita. The Yamaha Group accepts his opinions and concerns with sincerity, and will contribute to the creation of a sustainable society through business activities that originate in sound and music for the future.

[ photo ] Hidemi Tomita
Lloyd’s Register Japan K. K.

Hidemi Tomita

In regards to the content disclosed in Yamaha Group CSR Report 2017 and on its CSR website, from my professional view point, my opinion on items considered to be of particular importance are as follows. As a reference for future policy and information disclosure, I hope my feedback will help lead the company toward achieving an even higher level of CSR practices.

Relationship between CSR and Business

This year’s CSR Report included the new addition of a figure expressing “CSR Issues and Initiatives in the Value Chain.” This helps to clarify the expectations and demands of society toward each process of the Yamaha value chain, as well as the main CSR issues and strategic CSR themes. As a result, the related initiatives described in this report are clearer for readers. This is a noteworthy improvement.
Particularly in regards to the GRI standards released last year, this addition satisfies the requirement to disclose material issues and their boundaries.

Disclosure of Data and Information

The outstanding feature of the Yamaha CSR Report is that it willingly discloses “negative” information such as the number of complaints and violations, as well as detailed numerical values that most Japanese companies are hesitant to disclose. This enhances the credibility of the report as the company’s official media for disclosing information, not just as a material for reading pleasure. What is particularly noteworthy about this year’s report in comparison with last year’s is its expanded level of disclosure, including the disclosure of labor union participation rates, political donations and the status of supply chain evaluation. I hope this stance on disclosure will continue, and the next report will be in accordance with the GRI standards aiming for information disclosure as a global leading company.
In addition, “Creating Value for the Next Generation” featured in this booklet and on the Yamaha website is an essential activity that takes advantage of Yamaha’s distinctive feature. I expect ongoing monitoring including evaluation of its social impact.

Diversity and Work-Life Balance

Selecting the first female board director is a symbolic example of Yamaha’s efforts to ensure equal opportunity in the workplace. Also, the number of male employees taking paid childcare leave is gradually improving. I feel these examples are the results of steady efforts so far. In addition to these examples, both initiatives and results of increased application for paid holidays are clearly disclosed, giving readers a good understanding of the situation. This issue is not one which can easily be improved in the short term, but following the examples mentioned above, I expect the company will improve its performance in this area by introducing creative measures.

Sustainable Procurement

Regarding socially responsible procurement, it is noteworthy that implementation of self-assessment has progressed gradually, and not only where these checks formally conducted, but corrective actions were also made. I can see the right effort was made by quantitative disclosure on the training of procurement. This effort is also emphasized in the newly issued ISO 20400 “Guidance on Sustainable Procurement.”
Also, regarding activities on securing sustainable timber resources, which are essential to Yamaha’s business, the company is making comprehensive efforts from a long-term perspective with the cooperation of external stakeholders. I expect the company to establish a long-term vision and disclose its progress in this area.