J-POWER | Director votes - climate oversight at J-POWER
How other organisations have declared their voting intentions
|Organisation name||Declared voting intentions||Rationale|
|Man Group||Against||In 2022, Man, Amundi and HSBC were part of the first investor group-led climate shareholder resolution filed in Japan, with a proposal to J-Power on emissions targets receiving support from more than one-quarter (26%) of shareholders.
The failure of J-Power to meaningfully respond to a material shareholder vote, and the escalating risks to long-term value of the current climate plan, have prompted each in the co-engagement group to signal their intention to vote against the company director principally responsible for overseeing J-Power's decarbonisation strategy.
At this AGM, this is Representative Director (Executive Vice President) Hitoshi Kanno, responsible for the company’s flagship decarbonisation plan the ‘Blue Mission 2050’.
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