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Sempra Energy

Sempra, founded in 1998 and headquartered in San Diego, United States, is one of the largest publicly owned energy companies in the world, distributing power to over 40 million consumers annually. In 2023, it ranked 285 on the Fortune 500 list and 312 on the Forbes Global 2000 list. The company's major operations are located in California, Texas and Mexico.

Summary

Sempra Energy reports on numerous sustainability topics but has potential to strengthen its performance in many areas. The company has assigned accountability for sustainability to its board and states that its executive bonus plans are linked to ESG considerations. However, Sempra is encouraged to disclose the specific targets underpinning remuneration to show how sustainability is made consequential to the business.

The company demonstrates clear reporting on air pollution, scope 1, 2 and 3 greenhouse gas emissions and water withdrawal, but can further disclose actions to reduce its negative impacts in these areas. Sempra discloses its target to reduce scope 1 and 2 emissions by 50% from 2019 to 2030; however, the scope of this target is limited to certain locations and subsidiaries and should be expanded to cover all operations to ensure absolute reductions.

The company reports regularly on the affordability of its services and discloses that 100% of eligible low-income customers are enrolled in its CARE programme and receive a 20% discount on their natural gas bill. It can further strengthen this disclosure by reporting how it determines affordable tariffs.

Ranking position: #49 /300
Total score: 22.7 /100

Measurement area	Score	Rank (0-300)
Governance & Strategy	#1 15.8 /100	#81
Inclusive Cities	#1 37.5 /100	#28
Healthy Cities	#1 18.6 /100	#29
Climate Proof & Resilient Cities	#1 10.8 /100	#98
Core Social Indicators	#1 30.6 /100	#50

Industries
Energy distribution	#17

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More about the company

Headquarters: United States of America
Ownership structure: Public
Revenue: USD 14,439 billion (2022)
Number of employees: 20346 (2022)
Website: https://www.sempra.com

This company is part of the SDG2000, the 2000 most influential companies

See company profile SDG2000