The Kansai Electric Power Company, Incorporated | Partial Amendment to Articles of Incorporation of Company (2)_Climate Transition at The Kansai Electric Power Company, Incorporated

Status
35.60% votes in favour
AGM date
Previous AGM date
Proposal number
23
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
The Company agreed to and signed off on the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and conducts a qualitative analysis on business risks and opportunities arising from medium- to long-term climate changes mainly based on the scenario where temperatures rise 2°C by 2050. However, the Company needs to proactively disclose concrete and quantitative climate change-related financial information for the scenario where it aims to achieve carbon neutrality by 2050 and keep temperatures at a 1.5°C rise, in order to receive investments and loans in line with the goals of the Paris Agreement. The Company should have a new set of values and a medium- to longterm perspective focusing on decarbonization to improve corporate value and sustain growth.

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