SAN DIEGO — Sempra announced it is the highest-ranked energy company on the Wall Street Journal’s Management Top 250 ranking for 2021, one of the most prestigious ranking efforts dedicated to measuring corporate effectiveness. This is the third time the company has been named to the Management Top 250, a list which began in 2017.
“As the owner of one of the largest energy networks in North America, we are really proud of this recognition because, in large measure, it reflects the concerted efforts of our 19,000 employees to build a more sustainable future,” said Jeffrey W. Martin, chairman and CEO of Sempra. “Building an increasingly carbon-neutral society requires investing in 21st century infrastructure that better serves the needs of our customers – and that is the central purpose of our company.”
The Wall Street Journal assembled its rankings with the help of the Drucker Institute, a think tank based at Claremont Graduate University’s Drucker School of Management in California that works to help major corporations, nonprofits and government agencies be more effective. Their mathematical model, which includes a total of 34 metrics, serves as the basis for the Management Top 250.
This year’s ranking included a new metric that assesses how well a company’s actions match up with the United Nations’ Sustainable Development Goals (SDGs). Released in 2015 as an integral part of the U.N.’s 2030 Agenda for Sustainable Development, the 17 SDGs are a call for action by all countries to engage in a global partnership to end poverty, improve health and education, reduce inequality and spur economic growth – all while taking urgent action to combat climate change.
Many of Sempra’s core business activities are aligned with the U.N.’s SDGs and the company is committed to continuously making progress on its environmental, social and governance (ESG) objectives. Moreover, the Sempra organization is focused on advancing universal access to affordable, reliable and lower-carbon sources of energy across its service territories and around the world. Sempra and its family of companies are also working to increase the share of renewable energy in the global energy mix, all while building new and more resilient infrastructure, promoting inclusive and sustainable industrialization and fostering innovation and the deployment of new energy technologies.
For two decades, Sempra has been on a sustained path to decarbonize its business operations and the markets it serves with a goal of transitioning to net-zero greenhouse gas (GHG) emissions. Earlier this year, Sempra set a goal to reach net-zero GHG emissions by 2050, with an interim goal of 50% reduction in its California utilities and Mexico (non-LNG) scopes 1 and 2 emissions by 2030, as compared to a 2019 baseline. Sempra and its family of companies also have critical goals around building a high-performing culture that is comprised of world-class safety, leadership and employee development and a commitment to a talented, diverse and inclusive workforce.
