J-POWER | Align GHG emissions reduction targets with the Paris Agreement

AGM date
Proposal number
Resolution details
Lead filer
Resolution ask
Set targets or transition plans
ESG theme
  • Environment
ESG sub-theme
  • Emissions reduction
Company HQ country
Supporting materials
Resolved clause
Shareholders ask that the following clause shall be added to the Articles of Incorporation of the Company:
Article X
1. To promote the long-term corporate value of the Company, given the risks and opportunities associated with climate change, and in accordance with the Company’s commitment to achieve carbon neutrality by 2050, the Company shall set and disclose a business plan with science-based short- and mid-term GHG emissions reduction targets aligned with Articles 2.1(a) and 4.1 of the Paris Agreement.
- The Company shall report, in its annual report, on its progress against the business plan specified in the preceding paragraph on an annual basis.
Supporting statement
Long-term institutional investors in the Company see its corporate value depending upon a credible decarbonization strategy and science-based short-, medium- and long-term GHG emissions reduction targets aligned with the goals of the Paris Agreement and investor expectations.

While we welcome the Company’s intention to achieve carbon neutrality by 2050, the Company’s targets are not yet aligned with the goals of the Paris Agreement. This presents a range of material financial risks to shareholders. We consider that setting science-based targets, and disclosing a business plan to achieve them, would best manage these risks and protect corporate value.

How other organisations have declared their voting intentions

Organisation name Declared voting intentions Rationale
Universities Superannuation Scheme - USS For We would welcome enhanced reporting of climate related risks.