{"id":1663,"date":"2024-07-06T11:35:00","date_gmt":"2024-07-06T02:35:00","guid":{"rendered":"https:\/\/corporateactionjapan.platepre.net\/news\/uncategorized\/nippon-steel-corporation-results-of-voting-rights-at-the-100th-general-meeting-of-shareholders\/"},"modified":"2025-02-28T14:41:27","modified_gmt":"2025-02-28T05:41:27","slug":"nippon-steel-corporation-results-of-voting-rights-at-the-100th-general-meeting-of-shareholders","status":"publish","type":"news","link":"https:\/\/corporateactionjapan.org\/en\/news\/announcement\/nippon-steel-corporation-results-of-voting-rights-at-the-100th-general-meeting-of-shareholders\/","title":{"rendered":"Nippon Steel Corporation: Results of Voting Rights at the 100th General Meeting of Shareholders"},"content":{"rendered":"\n<p>Nippon Steel Corporation (NSC) held the <a href=\"https:\/\/corporateactionjapan.org\/2024\/05\/21\/ja-nippon-steel-shareholders-proposal\/\">100th General Meeting of Shareholders<\/a> on 21 June 2024. The results of the exercise of voting rights on our joint shareholder proposals are here:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>Matters to be voted upon<\/td><td>For<\/td><td>Against<\/td><td>Abstention<\/td><td>Approval Ratio<\/td><td>Results<\/td><\/tr><tr><td>Item 6<\/td><td>1,360,462<\/td><td>5,114,790<\/td><td>2,766<\/td><td>21.0%<\/td><td>Rejected<\/td><\/tr><tr><td>Item 7<\/td><td>1,460,292<\/td><td>5,016,515<\/td><td>1,291<\/td><td>22.5%<\/td><td>Rejected<\/td><\/tr><tr><td>Item 8<\/td><td>1,784,339<\/td><td>4,692,990<\/td><td>2,617<\/td><td>27.5%<\/td><td>Rejected<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">Calculated By Corporate Action Japan<br>[N.B.] The number of voting rights concerning the indication of \u201cfor\u201d, \u201cagainst\u201d or \u201cabstain\u201d is made reference to the\u00a0<a href=\"https:\/\/www.nipponsteel.com\/common\/secure\/en\/ir\/individual\/pdf\/20240621_nipponsteel_exreport_e.pdf\">Extraordinary Report<\/a>\u00a0(<em>Rinji Houkokusho<\/em>) published on 21 June 2024 by NSC. The approval ratio is calculated using the total number of voting rights as the denominator.<\/figcaption><\/figure>\n\n\n\n<p>Contents of matters voted upon;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Item 6: Partial Amendment to the Articles of Incorporation Item<\/strong> \u2013 The proposal asking NSC to set and disclose short and medium-term greenhouse gas (GHG) emissions reduction targets aligned to the goals of the Paris Agreement for scope 1, 2 and 3 emissions, along with disclosure of planned capex for decarbonization investments (proposed shareholders: Corporate Action Japan (CAJ) and the Australasian Centre for Corporate Responsibility (ACCR).<\/li>\n\n\n\n<li><strong>Item 7: Partial Amendment to the Articles of Incorporation Item<\/strong> \u2013 The proposal for remuneration linked to GHG emission reduction targets (proposed shareholders: CAJ, ACCR)<\/li>\n\n\n\n<li><strong>Item 8: Partial Amendment to the Articles of Incorporation Item<\/strong> \u2013 The proposal calling for improved disclosure of lobbying activities related to climate change (proposed shareholders: LGIM, ACCR)<\/li>\n<\/ul>\n\n\n\n<p>The three proposals were submitted by a group of institutional investors collectively representing USD 4.988 trillion of assets under management following a series of engagements with NSC. We would like to thank all shareholders who voted in favour of our proposals.<\/p>\n\n\n\n<p>Corporate Action Japan remains committed to creating a sustainable society while ensuring to enhance the medium- and long-term corporate value through engagement.<\/p>\n\n\n\n<p>We avail ourselves of this opportunity to ask for continued cooperation and partnerships with domestic and overseas institutional investors.<\/p>\n","protected":false},"featured_media":25,"template":"","news_cat":[16],"class_list":["post-1663","news","type-news","status-publish","has-post-thumbnail","hentry","news_cat-announcement"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Nippon Steel Corporation: Results of Voting Rights at the 100th General Meeting of Shareholders | Corporate Action Japan<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/corporateactionjapan.org\/en\/news\/announcement\/nippon-steel-corporation-results-of-voting-rights-at-the-100th-general-meeting-of-shareholders\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nippon Steel Corporation: Results of Voting Rights at the 100th General Meeting of Shareholders | Corporate Action Japan\" \/>\n<meta property=\"og:description\" content=\"Nippon Steel Corporation (NSC) held the 100th General Meeting of Shareholders on 21 June 2024. 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