Sempra received a second-party opinion from Vigeo Eris (VE), a global independent provider of ESG research and ratings, for its sustainable financing framework emphasizing that it complies with the four components of the 2021 Green Bond Principles and the social obligation 2021. Principles. “At Sempra, we are excited about our role in promoting clean, secure and resilient energy systems for today and for the future,” said Lisa Alexander, Senior Vice President of Corporate Affairs and Head of Development sustainable at Sempra. “In all of our companies, we strive to seize new opportunities to develop our transmission and distribution activities for the benefit of all our stakeholders, with an emphasis on investments in security, as well as on decarbonization, the diversification and digitization of our energy systems. Our new sustainable financing framework reinforces our commitment to meet the changing needs of our investors, customers and communities. “
Sempra advances the energy transition by enabling the supply of low-carbon energy to all the markets it serves. For two decades, Sempra has been on a sustained path to decarbonize its business activities and the markets it serves with the goal of moving to zero net greenhouse gas (GHG) emissions. Earlier this year, Sempra set a goal of achieving zero net GHG emissions in all three scopes by 2050, with an interim target of reducing its emissions from California and Mexican utilities by 50% (excluding LNG) of scopes 1 and 2 by 2030, compared to a 2019 baseline. California utilities Sempra, SDG & E and SoCalGas, have also set individual targets of net zero in all three areas, in accordance with the California’s goal of being net zero in the entire economy by 2045. Sempra and its family of companies also have critical goals for achieving world-class security, driving resilient operations and the defense of people. Check out the 2020 Sustainability Report for more information on goals, key performance indicators and company progress.
Shaping a Net-Zero Future The launch of Sempra’s sustainable finance framework builds on the company’s commitment to creating long-term, sustainable value for shareholders and other stakeholders.
About Sempra Sempra’s mission is to be the premier energy infrastructure company in North America. The Sempra family of companies has more than 19,000 talented employees who provide energy to more than 36 million consumers. With more than $ 66 billion in total assets at the end of 2020, the San Diego-based company owns one of North America’s largest energy grids serving some of the world’s major economies. The company helps advance the global energy transition by enabling the delivery of low-carbon energy solutions to every market it serves, including California, Texas, Mexico and the LNG export market. Sempra is consistently recognized as a leader in sustainable business practices and for its long-standing commitment to building a high performing culture, particularly in the areas of safety, workforce development and training, as well as diversity. and inclusion. Sempra is the only North American utility company to be listed in the Dow Jones Sustainability World Index and was also named one of the “World’s Most Admired Companies” for 2021 by Fortune magazine. For more information on Sempra, please visit the Sempra website at www.sempra.com and on Twitter @SempraEnergy.
This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions about the future, involve risks and uncertainties and are not guarantees . Future results may differ materially from those expressed in forward-looking statements. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors.
In this press release, forward-looking statements may be identified by words such as “believes”, “expects”, “anticipates”, “plans”, “estimates”, “plans”, “forecasts”, “should “,” Could, “” would “,” will “,” confident “,” could “,” may “,” potential “,” possible “,” proposed “,” in progress “,” under construction “,” in development “,” target “,” outlook “,” maintain “,” continue “,” objective “,” aim “,” engage “or similar expressions, or when we are discussing our directions, priorities, strategy, objectives , vision, mission, opportunities, projections, intentions or expectations.
Factors, among others, that could cause actual results and events to differ materially from those described in forward-looking statements include risks and uncertainties relating to: we may not be able to recover the costs of insurance, California Assembly Bill 1054 wildfire fund or customer tariffs; decisions, investigations, regulations, issuance or revocations of permits and other authorizations, renewals of franchises and other actions by (i) the Comisión Federal de Electricidad, California Public Utilities Commission (CPUC), US Department of Energy, US Federal Energy Regulatory Commission, Public Utility Commission of Texas, and other regulatory and government agencies and (ii) states, counties, cities and other jurisdictions in the United States, Mexico and other countries in which we do business; the success of business development efforts, construction projects and acquisitions and divestitures, including risks related to (i) the ability to make a final investment decision, (ii) the completion of construction projects or other transactions on time and on budget, (iii) the ability to realize the expected benefits of any of these efforts if successful, and (iv) obtaining consent from partners or other third parties; the resolution of civil and criminal disputes, regulatory investigations, inquiries and proceedings and arbitrations, including, but not limited to, those related to the natural gas leak at the Aliso Canyon natural gas storage facility in Southern California Gas Company (SoCalGas); actions taken by credit rating agencies to downgrade or downgrade our credit ratings and our ability to borrow on favorable terms and meet our substantial debt service obligations; actions to reduce or eliminate reliance on natural gas, including any deterioration or increased uncertainty in the policy or regulatory environment for local natural gas distribution companies operating in California; weather conditions, natural disasters, pandemics, accidents, equipment failures, explosions, acts of terrorism, information system failures or other events that disrupt our operations, damage our facilities and our systems, release harmful materials, cause fires or make us liable for property damage or personal injury, fines and penalties, some of which may not be covered by insurance, may be disputed by insurers or may otherwise not be collectable through regulatory mechanisms or may affect our ability to obtain satisfactory levels of affordable insurance; the availability of electricity and natural gas and natural gas storage capacities, including disruptions caused by transmission network failures or limitations on natural gas withdrawal from storage facilities; the impact of the COVID-19 pandemic on investment projects, regulatory approvals and the execution of our operations; cybersecurity threats to the energy grid, storage and pipeline infrastructure, information and systems used to operate our businesses, and the privacy of our proprietary information and personal information of our customers and employees, including attacks from ransomware on our systems and the systems of third-party vendors and other parties with whom we do business; expropriation of assets, failure of foreign governments and public entities to honor their contracts and land disputes; the impact of the San Diego Gas & Electric Company (SDG & E) on competitive pricing and customer reliability due to the growth in distributed and local power generation, including the departure of the retail load resulting from the transfer customers to Direct Access and Community Choice Aggregation, and the risk of non-recovery of stranded assets and contractual obligations; the ability of Oncor Electric Delivery Company LLC (Oncor) to eliminate or reduce its quarterly dividends due to regulatory and governance requirements and commitments, including through the actions of independent directors of Oncor or a director minority member; the volatility of exchange rates, inflation, interest rates and commodity prices and our ability to effectively hedge these risks; changes in tax and trade policies, laws and regulations, including tariffs and revisions to international trade agreements that may increase our costs, reduce our competitiveness or impair our ability to resolve trade disputes; and other uncertainties, some of which may be difficult to predict and are beyond our control.
Sempra North American Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and Infraestructura Energética Nova, SAB de CV (IEnova) are not the same companies as California Utilities, SDG & E or SoCalGas, and Sempra North American Infrastructure, Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC.
These risks and uncertainties are discussed in more detail in the reports that Sempra has filed with the United States Securities and Exchange Commission (SEC). These reports are available free of charge through the EDGAR system on the SEC’s website, www.sec.gov, and on Sempra’s website, www.sempra.com. Investors should not place undue reliance on forward-looking statements.
None of the website references in this press release are an active hyperlink, and the information contained or accessible through such website does not constitute and will not be considered part of this document.
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