The Kansai Electric Power Company, Incorporated | Partial Amendment to Articles of Incorporation of Company (3)_Zero carbon & renewable expansion at The Kansai Electric Power Company, Incorporated

Status
20.70% votes in favour
AGM date
Previous AGM date
Proposal number
20
Resolution details
Company ticker
9503
Lead filer
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
As a public utility, it is vital for electric power companies to make efforts toward decarbonization, which contributes to environmental conservation and sustainable development of the economy and society. - 46 - In order to represent its determination as a company to focus its long-term management in the direction manifested in the “Zero Carbon Vision 2050” and make a consistent effort to achieve it, the Company should state in its Articles of Incorporation its mission to achieve zero-carbon emissions throughout the entirety of its business activities, including power generation, and to contribute to the achievement of a zero-carbon society. These zero-carbon efforts should be achieved, not by depending on nuclear power generation, but by maximizing the ratio of renewable energy out of the total domestic energy supply to 45% or more by 2030 and turning them into main power sources, while also decarbonizing thermal power generation and utilizing zero carbon hydrogen.

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