Company Information
Name: The Electric Power Development Co Ltd (J-POWER)
Market: Japan
Installed capacity (as of 2024):¹ 15.2 GW (thermal), 10.6 GW (non-thermal)
Climate-related targets committed:
Long-term: Carbon neutral by 2050
Medium-term:
- reduce CO2 emissions from its domestic power generation business by 46% compared to 2013 levels by 2030
- increase renewable power generation in Japan by 4 billion kWh per year by 2030 (compared to 2022 levels)
Engagement Updates
J-POWER is a Japanese power generation and transmission company that provides wholesale electricity, including hydroelectric, thermal, and renewable power sources like wind and geothermal.
In 2025, the engagement group successfully engaged J-POWER in a coal phase-out plan, an overarching decarbonisation strategy discussion including just transition, and renewable energy development.
Investors will continue to prioritise company discussions on coal phase-out, including domestic and overseas operations, as well as renewable energy deployment and grid stability. Just transition is also one of the engagement group’s priorities for the following year.
Governance
In 2022, J-POWER introduced a performance-linked remuneration and stock compensation structure for its directors. In 2023, J-POWER incorporated non-financial indicators as evaluation indicators for performance-linked compensation. The Nomination and Compensation Committee evaluates these non-financial indicators, which include responding to climate change, and are weighted at 20% of performance-linked compensation.²
Decarbonisation Strategy
J-POWER’s overarching decarbonisation strategy, Blue Mission 2050, outlines three approaches: expanding CO2-free power sources, creating a zero-emission power supply and power network stabilisation and enhancement. In 2024, J-POWER announced it would close up to five low-efficiency CFPP units by 2030 as part of its target to reduce 46% of CO2 emissions from the 2013 level.³