The Kansai Electric Power Company, Incorporated | Partial amendment to the articles of incorporation of the company (gender equality) at The Kansai Electric Power Company, Incorporated

Status
19.20% votes in favour
AGM date
Proposal number
10
Resolution details
Company ticker
9503
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 gender discrimination such as wages by gender and ratio of managerial positions by gender to ensure “gender equality in the workplace.” The Company shall announce the actual situation every year and strive for improvement.
Supporting statement
Reasons for Proposal: SDGs are accelerating toward achieving the 2030 target. The Company also participates in and promotes these SDGs activities. Goal 5 “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.” The Japanese government is also promoting the appointment of women in all aspects of society to achieve the goal. Moreover, regarding wages that show the largest gender gap, the government has initiated its consideration of requiring companies to announce wage levels by gender, and has determined its policy to implement the measures in 2023 to encourage efforts to rectify the gap. Female employees in the Company also tend to be promoted later than their counterparts, and few of them are managers. The Company is required not only to announce wages, but also to eliminate 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 gaps and the actual situation. By securing a more excellent and diverse human resources, corporate value will also be enhanced.

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