J-POWER | Partial Amendment to the Articles of Incorporation at J-POWER

Status
AGM passed
AGM date
Resolution details
Lead filer
Undisclosed filer
Resolution ask
Report on or disclose
ESG theme
  • Environment
ESG sub-theme
  • Climate change
Filer type
Shareholder
Company sector
Utilities
Company HQ country
Japan
Resolved clause
The following clause shall be added to the Articles of Incorporation: Article X The Company shall disclose in annual reporting: An investment framework demonstrating how the Board of Directors evaluates major investments, especially those significantly exposed to climate-related transition risks or dependent on long-term policy support; and A comparative analysis of the estimated abatement cost and greenhouse gas emissions reduction potential of the Company's major investment options, presented in a manner that enables investors to assess the expected risk-adjusted return profiles of these options.
Supporting statement
This Resolution is made to promote the long-term value of the Company, given the risks and opportunities associated with the Company's commitment to achieve carbon neutrality by 2050. It requests disclosure of a high-level investment framework and comparative abatement cost and potential of major investment options. Peer disclosures demonstrate that this decision-useful information can be provided. Decisions by the Board of Directors in relation to major investment options have a material impact on future cash flows, emissions outcomes and risk exposure. Therefore, investors seek greater disclosure on target returns, how risks are reflected in investment criteria, and how capital is prioritised across business areas and technologies. Disclosure of the comparative abatement costs and potential of investment options would assist shareholders in evaluating capital discipline and risk-adjusted return profiles. Enhanced disclosure requested by this Proposal would enable investors to assess how the Company’s transition strategy is aligned with long-term corporate value.

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