The Kansai Electric Power Company, Incorporated | Partial Amendment to the Articles of Incorporation of the Company: Contribution to the achievement of a zero-carbon society at The Kansai Electric Power Company, Incorporated

Status
AGM passed
AGM date
Proposal number
16
Resolution details
Company ticker
9503
Resolution ask
Adopt or amend a policy
ESG theme
  • Environment
ESG sub-theme
  • Net zero / GHG emissions
Filer type
Shareholder
Company sector
Utilities
Company HQ country
Japan
Resolved clause
The chapter described below shall be newly established in the Articles of Incorporation of the Company and the article described below shall be added. Chapter 13 Contribution to the Achievement of a Sustainable Society Article 52 The Company shall actively promote the introduction of renewable energy and other diverse zero-carbon energy sources in order to contribute to the achievement of a zero-carbon society. With respect to nuclear power generation, the Company shall promote the development of technologies such as next-generation advanced reactors and nuclear fusion reactors, ensure robust safety, and achieve safe operations by promptly satisfying the following requirements: (1) Development of infallible safety measures against every logically conceivable event including natural disasters and armed attacks (2) Establishment of a system under which the amount of liability of the Company for an accident at a nuclear power plant does not exceed the Company’s capability to pay (3) Establishment of a final disposal method for spent fuel
Supporting statement
To achieve a zero-carbon society, the Company should actively promote the introduction of diverse zero-carbon energy sources, such as the exponential introduction of renewable energy and hydrogen produced from renewable energy, while developing innovative new technologies. With respect to nuclear power generation, while a stable energy supply is important to protect citizens’ lives—particularly amid concerns over fuel procurement due to recent geopolitical developments in the Middle East—it also carries risks of natural disasters or becoming a target of armed conflict. In the event of a severe accident, widespread, irreversible, and significant damage could occur, which could not only severely impair shareholder value but also impose an excessive burden on future generations. Therefore, robust safety must be ensured through innovative technological development. No candidate locations have been decided for spent fuel interim storage facilities, and no method for its final disposal has been established. It is absolutely unacceptable to pass on the burden to future generations without any prospect of disposal of the ever-increasing amount of spent fuel. These issues must be resolved without delay.

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