Two major European asset managers have jointly filed a shareholder resolution at Japanese electricity generator Electric Power Development Co Ltd , known as J-Power, for the second consecutive year in a row.
TOKYO, May 9 - Two major European asset managers have jointly filed a shareholder resolution at Japanese electricity generator Electric Power Development Co LtdThe asset managers are calling on J-Power, Japan's largest operator of coal-fired power stations, to set and disclose credible short and medium-term emissions reduction targets, aligned with the goals of the Paris Agreement.
Shareholder activism on climate change has been gaining momentum in Japan over the past couple of years and pressure from such proposals has prompted some policy changes at the targeted companies.and HSBC Asset Management filed the resolution with the Australasian Centre for Corporate Responsibility , the non-profit climate group said in a statement on Tuesday.
They also intend to vote against representative director and executive vice president Hitoshi Kanno in charge of J-Power's decarbonisation plan, the statement added., the world's largest publicly traded hedge fund, ACCR said. Amundi, Man Group, and HSBC Asset Management have nearly $3 trillion in assets combined under management.
J-Power "has presented no indicative schedule for retirement of its coal-fired power assets - instead presenting a plan that involves capital expenditure into speculative technology such as ammonia co-firing prolonging the life of these assets," the statement said.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Baseball power points update with cutoff less than two weeks awayThe cutoff date to qualify for the state tournament is May 17
Lire la suite »
Succession S4 Ep7: Two Indias (And Two Episode Directors)Slate Money Succession: Someone may have made a slight mistake with the subscriber numbers
Lire la suite »
S. Korean, Japanese leaders to meet again to improve tiesThe leaders of South Korea and Japan are to meet Sunday for their second summit in less than two months, as they push to bolster cooperation following years of fraught ties over historical issues. Japanese Prime Minister Fumio Kishida is to arrive in South Korea for a two-day visit, which reciprocates a mid-March trip to Tokyo by South Korean President Yoon Suk Yeol. The exchange of visits between the leaders of the Asian neighbors, the first of its kind in 12 years, signals that both nations are serious about strengthening ties in the face of shared regional challenges such as North Korea’s growing nuclear arsenal.
Lire la suite »
Japanese PM visits South Korea for landmark summitPrime Minister Kishida's visit is the first official bilateral visit by a Japanese leader to South Korea in over a decade, and restarts discussions on forced labour, which torpedoed ties in 2018.
Lire la suite »
UN urges Afghanistan's Taliban to end lashings, executionsUN strongly criticizes the Taliban for carrying out public executions, lashings and stonings since seizing power in Afghanistan, and called on the country’s rulers to halt such practices
Lire la suite »