Electric Power Development Co.,Ltd. [9513.T]
TOKYO, May 22 (Pulse News Wire) – Electric Power Development CO.,LTD. (9513.T) rejected a shareholder proposal aimed at incorporating climate change-related clauses into its articles of incorporation ahead of its annual general meeting scheduled for June 25.
The proposal, jointly submitted by two shareholders, seeks to mandate detailed disclosures on major investment plans and their environmental impact assessments. However, the board decided against the proposal due to concerns over potential damage to the company's value and operational flexibility.
Electric Power Development has outlined a long-term vision called “J-POWER ‘BLUE MISSION 2050’,” focusing on reducing domestic power generation emissions by 50% by fiscal 2030 compared to fiscal 2013 levels. The company continues to transition towards carbon-free energy sources while maintaining economic viability and strategic flexibility.
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