Yamato Holdings Co Ltd

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Direct Lobbying Transparency

Overall Assessment	Comment	Score
Strong	Yamato Holdings provides a clear and fairly detailed picture of its climate-related policy engagement. It identifies two concrete policy initiatives: its proposal to relax the Road Transport Act (道路運送法第82条) to permit mixed passenger-and-cargo bus operations, and its participation in the national “GXリーグ” framework for climate-related disclosure and market design, noting that it "supports [the GXリーグ] with no exceptions." The company also spells out how it lobbies. It describes submitting a formal proposal for regulatory change to the government’s Regulatory Reform Promotion Council, conducting "direct discussions" within the GXリーグ, and collaborating with municipalities across Japan to implement the mixed-transport trials, thereby naming both the mechanisms (formal proposals, direct discussions, municipal agreements) and the targets (Regulatory Reform Promotion Council, GXリーグ stakeholders, municipal governments). Finally, Yamato is explicit about what it wants to achieve: CO₂ emission reductions and improved regional logistics by shifting some deliveries from trucks to buses, maintaining local bus networks and service quality, and, more broadly, to "lead the design of a carbon-neutral market" through an expanded GX market that contributes to "corporate growth, citizen happiness, and contributions to the global environment." Together these disclosures demonstrate a strong level of transparency on the company’s climate-policy lobbying activities.	3

Lobbying Governance

Overall Assessment	Comment	Score
None	Yamato Holdings outlines an environmental management framework with a dedicated Environment Committee chaired by the President and Representative Director and overseen by the Board of Directors. For example, “The Yamato Group deliberates and resolves on environmental issues, including climate change, based on an environmental management framework with the Yamato Group Environment Committee as the decision-making body, while the Board of Directors supervises the execution of these decisions,” and “the Yamato Group Environment Committee... holds a meeting once a year and shares information about and discusses environmental issues and risks, including those related to climate change.” However, the company does not disclose any governance processes specifically for lobbying activities, nor does it describe mechanisms for overseeing or aligning its direct or indirect lobbying with climate objectives and names no individual or formal body overseeing lobbying alignment.	0