Tokyo Electric Power Company Holdings, Incorporated | Amendment to articles of Incorporation (global warming countermeasures)

Status
1.76% votes in favour
AGM date
Previous AGM date
Proposal number
7
Resolution details
Company ticker
9501
Lead filer
Undisclosed filer
Resolution ask
Adopt or amend a policy
ESG theme
  • Environment
ESG sub-theme
  • Climate change
Type of vote
Shareholder proposal
Filer type
Shareholder
Company sector
Utilities
Company HQ country
Japan
Resolved clause
"Resolution Content - The following new chapter shall be added to the Articles of Incorporation:
Chapter X. Global Warming Countermeasures
Article X. The Company does not position and utilize nuclear power generation as one of its global warming countermeasures."
Supporting statement
"Reason for the Proposal Global warming and climate change are intensifying. According to a report by the World Meteorological Organization (WMO) in August 2021,
meteorological disasters such as storms and droughts increased fivefold in the past 50 years, and caused about 400 trillion yen of damage. To avoid a catastrophic climate crisis, we must reduce greenhouse gas emissions by half in six and a half years by 2030.
If we rely on nuclear power generation to reduce CO2, the execution of the most effective policies, which are the promotion of energy saving and the expansion of natural energy, will be further delayed. In addition, according to the 6th Assessment Report by the Intergovernmental Panel on Climate Change (IPCC), the potential CO2 reduction volume of nuclear power generation is less than one-tenth that of natural energy.
Furthermore, nuclear power generation plants often fall behind operation schedule due to suspension for periodic inspection or the long-term shuttdown of a facility due to an accident caused by deterioration or earthquake, scandal, lawsuit, etc. At the time of the shutdown, thermal power generation is used, which does not solve global warming problems; in fact, it only intensifies the issue.
The Company shall not use nuclear power generation as a global warming countermeasure, and shall stop the reoperation of the Kashiwazaki-Kariwa Nuclear Power Station."

DISCLAIMER: By including a shareholder resolution or management proposal in this database, neither the PRI nor the sponsor of the resolution or proposal is seeking authority to act as proxy for any shareholder; shareholders should vote their proxies in accordance with their own policies and requirements.

Any voting recommendations set forth in the descriptions of the resolutions and management proposals included in this database are made by the sponsors of those resolutions and proposals, and do not represent the views of the PRI.

Information on the shareholder resolutions, management proposals and votes in this database have been obtained from sources that are believed to be reliable, but the PRI does not represent that it is accurate, complete, or up-to-date, including information relating to resolutions and management proposals, other signatories’ vote pre-declarations (including voting rationales), or the current status of a resolution or proposal. You should consult companies’ proxy statements for complete information on all matters to be voted on at a meeting.