The Kansai Electric Power Company, Incorporated | Partial Amendment to the Articles of Incorporation of the Company (board gender diversity) at The Kansai Electric Power Company, Incorporated

Status
20.30% votes in favour
AGM date
Proposal number
8
Resolution details
Company ticker
9503
Lead filer
Undisclosed filer
Resolution ask
Adopt or amend a policy
ESG theme
  • Social
  • Governance
ESG sub-theme
  • Diversity, equity & inclusion (DEI)
Type of vote
Shareholder proposal
Filer type
Shareholder
Company sector
Utilities
Company HQ country
Japan
Resolved clause
The Chapter “Business Operation Based on CSR” described below shall be newly established in the
Articles of Incorporation of the Company.

Chapter 8 Business Operation Based on CSR
Article 43 In order to fulfill its corporate social responsibilities, the Company shall set target indicators,
including for its associated companies, regarding the elimination of gender discrimination, such as
wages by gender and ratio of managerial positions by gender, and the achievement of the Sustainable
Development Goals (SDGs), and shall strive to improve such measures in order to aim at the
realization of “gender equality in the workplace.”
Supporting statement
Reasons for Proposal
The Company also participates in and promotes these SDGs activities. “Gender Equality” requires to
“Ensure women’s full and effective participation and equal opportunities for leadership at all levels of
decision-making in political, economic and public life.” It also promotes the appointment of women
in the government and society. Moreover, regarding wages that show the largest gender gap,
companies are required to disclose wage levels by gender from July 2022.
The Company also had set the target of increasing the ratio of female superiors to 6.3% by 2030
(2.1% in 2018), however, the ratio of 2021 was 2.9%. The increase rate of 0.8% in three years means
that it is difficult to achieve the target by 2030. Female employees in the Company also tend to be
promoted later than their counterparts, and few of them are managers. The Company is required to
eliminate not only wage discrimination but also every gender discrimination and equalize opportunities
to participate in activities of the Company.
The Company can express its intention to fulfill its social responsibilities by taking the lead in
disclosing information on its efforts to eliminate discrimination and the actual situation. By securing
a more excellent and diverse human resources, corporate value will also be enhanced.

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