Engagement history

Hermes EOS has maintained a long-term dialogue with Kansai, encouraging the utility to increase its renewable capacity and to disclose climate data to the CDP. Kansai’s largest shareholder, Osaka City, has actively engaged the company for years, filing a sequence of shareholder resolutions at AGMs from 2016 to 2020, all calling for an increase in renewables investment. While Kansai’s domestic renewable capacity has remained constant at 11 MW, its overseas investments in renewables have developed significantly over this period. Kansai has also started disclosing to the CDP, in line with Hermes EOS’s recommendation to do so. Future engagers may benefit from framing their requests within the ongoing debates in Japan over nuclear energy.