SAN
DIEGO, Nov. 15, 2023 /PRNewswire/
-- Sempra (NYSE: SRE) (BMV: SRE) has been recognized as a
Trendsetter for the eighth consecutive year for its civic
transparency by the Center for Political Accountability's annual
CPA-Zicklin Index of Corporate Political Disclosure and
Accountability.
The CPA-Zicklin Index, which is produced in conjunction with the
Zicklin Center for Business Ethics Research at the University
of Pennsylvania's Wharton
School, measures political disclosure and accountability policies
and practices for election-related spending by S&P 500 and
Russell 1000 companies, including political spending policies and
board oversight. As a "Trendsetter" in the Index, Sempra scored in
the 90th percentile or higher, well above the 58.3%
percent average Index score for all S&P 500 companies in
2023.
"Attaining a Trendsetter recognition in the Index underscores
Sempra's focus on transparency, responsibility, and rigorous
standards of corporate citizenship," said Lisa Larroque Alexander, senior vice president
of corporate affairs and chief sustainability officer at Sempra.
"We believe that in today's dynamic political landscape, it is not
only our privilege but our responsibility to provide shareholders
and other stakeholders alike with clarity and accountability
regarding our political engagement. We aim to be a leader in this
index and set a high bar for corporate political responsibility and
exemplary governance."
Highlights for Sempra's recognition this year include the
following:
- Sempra received a raw score of 66 out of 70, which equates to
an overall score of 94% on the CPA-Zicklin Index. This year, the
average overall score for political disclosure and accountability
was 58.3% for all S&P 500 companies.
- Companies that are in or above the 90th percentile
are considered "Trendsetters" and represent models among S&P
500 and Russell 1000 companies for disclosure regarding political
policies and spending.
"Sempra remains a strong example of how companies should
disclose their political practices to manage and mitigate risks for
the company and its consumers, but also increase shareholder
value," said CPA President Bruce
Freed. "We thank Sempra for its commitment to political
disclosure and making it a part of its daily activities."
In addition to being recognized in this year's CPA-Zicklin
Index, Sempra has been named to the FTSE4Good Index Series,
DiversityInc's Top Utilities list and Forbes' America's Best
Employers for Diversity list, among others.
About Sempra
Sempra is a leading North American energy
infrastructure company that helps meet the daily energy needs of
nearly 40 million consumers. As the owner of one of the largest
energy networks on the continent, Sempra is helping to electrify
and decarbonize some of the world's most significant economic
markets, including California,
Texas, Mexico and the LNG export market. The company
is also consistently recognized as a leader in sustainable business
practices and for its long-standing commitment to building a
high-performance culture focused on safety and operational
excellence, leadership and workforce development and diversity and
inclusion. In 2022, Investor's Business Daily named Sempra the
top-ranked utility in the U.S. for environmental, social and
governance scores and financial performance. Sempra was also
included on the Dow Jones Sustainability North America Index for
the 12th consecutive year. More information about Sempra is
available at sempra.com and on social media @Sempra.
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SOURCE Sempra