TOKYO -- Shareholders in Japan's largest coal-power operator on Tuesday voted down proposals from three top global asset managers for clearer environmental goals at the company, dealing a blow to a growing wave of prominent investors pushing industry to take more action on climate change.
The move comes after Electric Power Development, commonly known as J-Power, urged shareholders to block climate-related plans that U.K.-based Man Group, France's Amundi and HSBC Asset Management proposed in May, saying the proposals would hinder operations.
