The Kansai Electric Power Company, Incorporated | Partial Amendment to the Articles of Incorporation of the Company_Decarbonized Society at The Kansai Electric Power Company, Incorporated

Status
18.10% votes in favour
AGM date
Previous AGM date
Proposal number
30
Resolution details
Company ticker
9503
Lead filer
Individual
Resolution ask
Adopt or amend a policy
ESG theme
  • Environment
ESG sub-theme
  • Net Zero / Paris aligned
Type of vote
Shareholder proposal
Filer type
Shareholder
Company sector
Utilities
Company HQ country
Japan
Supporting statement
In the electricity industry, the Company takes the lead and aims to cut the overall CO2 emissions associated with its business activities to zero by 2050, but in order to truly achieve carbon neutrality by 2050, the Company needs to steadily operate the businesses in accordance with the Paris Agreement’s 1.5 °C target to prevent global warming. The Company is working to shift to zero-carbon power sources including thermal power generation. However, it needs to go beyond its intention not to draw up any new projects unless they comply with national policies and contribute to decarbonization in host countries. It needs to declare a clear management policy not to establish new coal-fired thermal power plants, and shift to an electricity supply system that does not emit CO2.

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