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Three big asset managers file joint climate resolutions at J-Power

Three European asset managers, including the largest, Amundi, said on Wednesday they had jointly filed climate-change resolutions at Japanese electricity generator Electric Power Development Co Ltd, known as J-Power. In what they say are the first climate-related proposals by an institutional investor group to a Japanese firm, Amundi, hedge fund Man Group and HSBC Asset Management called on J-Power to set credible emissions-reduction targets and to disclose plans to achieve them. J-Power is Japan’s largest operator of coal-fired power stations.

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