Sempra Releases Corporate Sustainability Report for 2021

Published on: 29 April 2022
Sempra Announces 2021 Corporate Sustainability Report

Sempra Announces 2021 Corporate Sustainability Report. Report highlights company's commitment to sustainable business practices. Sempra has a five-year, $36 billion capital plan to advance new investments in critical energy infrastructure. Report outlines key sustainability pillars and their alignment with relevant United Nation's Sustainable Development Goals.

Sempra today released its 2021 Corporate Sustainability Report, which highlights the company's sustainable business practices in support of its $36 billion capital plan to advance new investments in critical energy infrastructure over a five-year period.

Sempra Releases Corporate Sustainability Report for 2021

"As the owner and operator of one of North America's largest energy networks, we have a critical role to play in advancing energy security, future economic growth, and the development of a lower-carbon society,"

Sempra Chairman and CEO Jeffrey W. Martin said.

"This is why our corporate strategy is centered on sustainability, with an unwavering focus on safety, resilience, energy security, and climate security, as we contribute to the development of a healthy economy and a higher quality of life for those we serve."

The 2021 report, in addition to providing important updates on the company's environmental, social, and governance (ESG) priorities, demonstrates Sempra's commitment to sustainable business practices, such as how the company is taking steps to:

Its portfolio should be aligned with long-term macroeconomic, market, and policy trends. Improve operational excellence by increasing safety, resilience to climate change, and affordability.

Capture new opportunities and activate new value streams by investing in infrastructure to support more diverse and cleaner energy sources. In addition, the report outlines Sempra's key sustainability pillars and their alignment with relevant United Nations Sustainable Development Goals. The report also discusses how Sempra is expanding new ESG financing opportunities through its Sustainable Financing Framework, which will be launched in 2021. The framework defines the parameters by which the company and its California utilities will invest in sustainable projects that are in line with their business and ESG strategies.

"Our focus on sustainability is central to our strategy, capital allocation, and long-term performance,"

said Lisa Alexander, Sempra's senior vice president of corporate affairs and chief sustainability officer.

"You will see examples of our sustainable business practices throughout our report, such as our proactive management of environmental, social, and governance risks and opportunities to drive improvements across a variety of performance criteria. Taken together, these efforts benefit all of our stakeholders, with the goal of creating long-term value for our shareholders."

Sempra's sustainability strategy relies on open, two-way communication with stakeholders to solicit feedback and guidance while also assisting stakeholders in understanding how the company continues to improve its business operations. The company's three growth platforms — Sempra California, Sempra Texas, and Sempra Infrastructure — are well-positioned to play a critical role in delivering lower and zero-carbon energy and long-term value to shareholders and other stakeholders.

Source: Sempra news

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