Kansai Electric Power Co Inc/The

The Compliance Promotion Headquarters is composed of staff members with legal knowledge as well as diverse work experience. In addition to formulating and implementing the Group's compliance promotion plans and responding to problematic events, the Headquarters provides training for compliance, encourages compliance with laws and regulations in cooperation with corporate divisions, and conducts interviews and provides guidance on efforts made by each operating division, etc. The Headquarters reports on and brings up compliance-related events for discussion to the Compliance Committee. With the guidance, advice and supervision of the Compliance Committee, the President and other executive officers are subsequently able to act and take concrete measures. [...] In July 2023, for centrally promoting compliance and risk management throughout the Group, the Compliance Promotion Headquarters was newly set up by integrating compliance on wheeling service guidelines, risk management, internal control, and other functions into the Office of Compliance Promotion. At the same time, the position of Chief Compliance Officer (CCO) was established as the officer with ultimate responsibility for compliance promotion. Additionally, the Internal Control Board was set up to deliberate internal controls, including risk management, for the entire Group*. In addition, aiming to enhance the effectiveness of internal controls at operating divisions, including front lines, each operating division now has an Internal Control and Compliance Officer to step up cooperation with corporate divisions.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]KEPCO has analyzed future demographic trends, electricity demand, and other data published by the IEA and other organizations based on a scenario developed from two axes: the pace of technological progress in CCUS and other areas, and policies toward zero carbon for the domestic electricity business. With this scenario in mind, we recognize risks and opportunities related to climate change and ensure that they are reflected in our business strategies.

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]Yes

Describe the process(es) your organization has in place to ensure that your external engagement activities are consistent with your climate commitments and/or climate transition plan?[…]KEPCO has analyzed future demographic trends, electricity demand, and other data published by the IEA and other organizations based on a scenario developed from two axes: the pace of technological progress in CCUS and other areas, and policies toward zero carbon for the domestic electricity business. With this scenario in mind, we recognize risks and opportunities related to climate change and ensure that they are reflected in our business strategies.