On May 9, 2023, Australasian Centre for Corporate Responsibility (ACCR), HSBC Global Asset Management (UK) Limited, and Amundi Asset Management announced that they have submitted 2 shareholder proposals to Electric Power Development Co., Ltd requesting the Company for 1) partial amendment to the Articles of Incorporation by adding the following clause: (i) to promote the long-term value of the Company, the Company shall set and disclose a business plan to achieve science-based short- and medium-term GHG emissions reduction targets aligned with the goals of the Paris Agreement; (ii) the Company shall report, in its annual reporting, on its progress against such targets at reasonable cost and omitting proprietary information; and 2) partial amendment to the Articles of Incorporation by adding a clause that the Company shall disclose, in its annual reporting, details of how the Company?s remuneration policies will incentivise progress against the Company?s science-based short- and medium-term GHG emissions reduction targets, at a reasonable cost and omitting proprietary information.