Yamaha Motor

Yamaha Motor's Carbon Emissions and Climate Commitments

Yamaha Motor, headquartered in Japan and operating in the Motor Vehicle Electrical and Electronic Equipment Manufacturing industry, is committed to reducing its carbon footprint.

In 2024, Yamaha Motor reported total greenhouse gas emissions of approximately 56.8 billion kg CO2e. This included around 133.7 million kg CO2e from Scope 1 emissions, approximately 240.9 million kg CO2e from Scope 2 emissions, and about 56.5 billion kg CO2e from Scope 3 emissions. A significant portion of Scope 3 emissions, roughly 53.5 billion kg CO2e, came from the use of sold products.

Looking back, in 2023, the company's total emissions were approximately 28.5 billion kg CO2e, with Scope 1 at about 145 million kg CO2e, Scope 2 at around 257.7 million kg CO2e, and Scope 3 at roughly 28.1 billion kg CO2e. The use of sold products accounted for approximately 24.8 billion kg CO2e of Scope 3 emissions in that year.

Yamaha Motor has established several ambitious climate targets:

• Carbon Neutrality: The company aims to achieve carbon neutrality in its factories by 2035 for Scope 1 and Scope 2 emissions. This commitment is also incorporated into its Medium-Term Management Plan, with a broader goal of achieving carbon neutrality across all operations by 2050 for Scope 1 and Scope 2 emissions.
• Near-Term Reductions (2024 Targets): Yamaha Motor plans a 52% reduction in Scope 1 and Scope 2 CO2 emissions by fiscal year 2024 compared to 2010 levels. Another target for 2024 is a 58% reduction in CO2 emissions from production for both Scope 1 and Scope 2, also compared to 2010.
• Mid-Term Reductions (2030 Targets): The company targets an 80% reduction in Scope 1 and Scope 2 emissions by 2030, compared to 2010 levels. For Scope 3 emissions, primarily from the product use phase, a 24% reduction is targeted by 2030 compared to 2019 levels.
• Long-Term Reductions (2050 Targets): For Scope 1 and Scope 2 emissions, Yamaha Motor aims for a 50% intensity reduction of CO2 emissions from products (relative to sales volume) by 2050, compared to 2010 levels. Additionally, they aim to reduce CO2 emissions from products by users by 90% or more by 2050, compared to 2010.

Yamaha Motor also plans to accelerate the expansion of its electric model lineup and promote electric mobility from around 2030, alongside developing models powered by hydrogen and synthetic liquid fuels. By 2050, they expect 90% of motorcycles to be electrified and fuel cell technology to be utilised for outboard motors.