The utility is being recognized not only for
its own emissions reduction goals, but also for exemplifying
leadership in its internal response to climate change and the
engagement of its peers, partners, and supply chain.
LOS
ANGELES, May 23, 2024 /PRNewswire/ -- Southern
California Gas Company (SoCalGas) today announced that it has
received the prestigious "Organizational Leadership Award" from The
Climate Registry (TCR) at the Climate Leadership Conference in
Cleveland, Ohio. The award
recognizes the utility's ASPIRE 2045 sustainability strategy and
leadership in establishing bold goals for reducing greenhouse gas
(GHG) emissions and addressing climate change. The Climate
Leadership Awards is a national awards program that recognizes the
exemplary leadership of influential organizations that are guiding
the way in the management and reduction of GHG emissions in their
operations and supply chains as well as integrating sustainability
and climate resilience initiatives. The Organizational Leadership
Award highlights exceptional commitment, initiatives, performance,
and outcomes focused on GHG emissions reduction.
The Award highlights exceptional
commitment, initiatives, performance, and outcomes focused on GHG
emissions reduction.
"SoCalGas is honored to be recognized by The Climate Registry,"
said Jawaad Malik, Chief Strategy
and Sustainability Officer at SoCalGas. "As California navigates
the opportunities and challenges of its clean energy transition,
SoCalGas is proud to help advance the state's climate goals through
innovation, decarbonization, and collaboration. Together we can
achieve meaningful and lasting change that benefits the
environment, community, and economy."
SoCalGas' ASPIRE 2045 sustainability strategy provides the
utility with a framework to accomplish several milestones,
including surpassing California's
goal of reducing fugitive and vented methane emissions by 20% from
a 2015 baseline by 2025, several years ahead of schedule, and
nearing the state's goal of a 40% reduction by 2030.1
SoCalGas has also converted 38% of its over-the-road fleet
vehicles2 to alternative fuel vehicles, with an aim
of achieving 50% alternative fuel vehicles by 2025, and a 100% zero
emissions vehicle fleet by 2035. The utility continues to make
advancements in decarbonizing the fuel it transports, delivering
approximately 5% renewable natural gas to its core
customers3 in 2023, with a goal of 20% by 2030.
"SoCalGas exemplifies leadership in sustainability with their
impressive achievements in methane emissions reduction, energy
efficiency programs, renewable natural gas initiatives, clean fleet
management, and groundbreaking carbon management projects," said
Amy Holm, Executive Director at TCR.
"By committing to measurable and transparent efforts to reduce
greenhouse gas emissions, SoCalGas sets a positive example for the
industry and The Climate Registry applauds their efforts that can
help serve as a model for industry peers both domestically and
globally."
SoCalGas was also recently honored with the top "Business
Transformation Award" from Reuters Events for establishing
transformative sustainability priorities that have the potential to
create impact at scale in their sector and beyond. One such
transformative effort, SoCalGas' [H2] Innovation Experience, a
clean hydrogen microgrid demonstration project, has been named a
World-Changing Idea by Fast Company and was also awarded the U.S.
Green Building Council of L.A.'s Sustainable Innovation Award.
Learn more about SoCalGas's sustainability efforts at
https://www.socalgas.com/sustainability.
About SoCalGas
Headquartered in Los Angeles,
SoCalGas is the largest gas distribution utility in the United States. SoCalGas aims to deliver
affordable, reliable, and increasingly renewable gas service to
approximately 21 million consumers across approximately 24,000
square miles of Central and Southern
California. We believe gas delivered through our pipelines
plays a key role in California's
clean energy transition by supporting energy system reliability and
resiliency and enabling integration of renewable resources.
SoCalGas' mission is to build the cleanest, safest and most
innovative energy infrastructure company in America. In support of
that mission, SoCalGas aspires to achieve net-zero greenhouse gas
emissions in its operations and delivery of energy by 2045 and to
replace 20 percent of its traditional natural gas supply to core
customers with renewable natural gas (RNG) by 2030. RNG can be made
from waste created by landfills and wastewater treatment plants.
SoCalGas is also investing in its gas delivery infrastructure while
working to keep bills affordable for customers. SoCalGas is a
subsidiary of Sempra (NYSE: SRE), an energy infrastructure
company based in San Diego.
For more information visit socalgas.com/newsroom or connect
with SoCalGas on X (formerly Twitter) (@SoCalGas),
Instagram (@SoCalGas) and Facebook.
This press release contains 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 or
implied in any forward-looking statement. 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 otherwise. In this press
release, forward-looking statements can be identified by words such
as "believe," "expect," "intend," "anticipate," "contemplate,"
"plan," "estimate," "project," "forecast," "envision," "should,"
"could," "would," "will," "confident," "may," "can," "potential,"
"possible," "proposed," "in process," "construct," "develop,"
"opportunity," "preliminary," "initiative," "target," "outlook,"
"optimistic," "poised," "positioned," "maintain," "continue,"
"progress," "advance," "goal," "aim," "commit," or similar
expressions, or when we discuss our guidance, priorities, strategy,
goals, vision, mission, opportunities, projections, intentions or
expectations.
Factors, among others, that could cause actual results and
events to differ materially from those expressed or implied in any
forward-looking statement include: decisions, investigations,
inquiries, regulations, denials or revocations of permits,
consents, approvals or other authorizations, renewals of
franchises, and other actions, including the failure to honor
contracts and commitments, by the (i) California Public Utilities
Commission (CPUC), U.S. Department of Energy, U.S. Internal Revenue
Service and other regulatory bodies and (ii) U.S. and states,
counties, cities and other jurisdictions therein where we do
business; the success of business development efforts and
construction projects, including risks related to (i) completing
construction projects or other transactions on schedule and budget,
(ii) realizing anticipated benefits from any of these efforts if
completed, (iii) obtaining third-party consents and approvals and
(iv) third parties honoring their contracts and commitments;
macroeconomic trends or other factors that could change our capital
expenditure plans and their potential impact on rate base or other
growth; litigation, arbitrations and other proceedings, and changes
to laws and regulations, including those related to tax and trade
policy; cybersecurity threats, including by state and
state-sponsored actors, of ransomware or other attacks on our
systems or the systems of third parties with which we conduct
business, including the energy grid or other energy infrastructure;
the availability, uses, sufficiency, and cost of capital resources
and our ability to borrow money on favorable terms and meet our
obligations, including due to (i) actions by credit rating agencies
to downgrade our credit ratings or place those ratings on negative
outlook, (ii) instability in the capital markets, or (iii) rising
interest rates and inflation; the impact on affordability of our
customer rates and our cost of capital and on our ability to pass
through higher costs to customers due to (i) volatility in
inflation, interest rates and commodity prices and (ii) the cost of
meeting the demand for lower carbon and reliable energy in
California; the impact of climate
and sustainability policies, laws, rules, regulations, trends and
required disclosures, including actions to reduce or eliminate
reliance on natural gas, increased uncertainty in the political or
regulatory environment for California natural gas distribution companies,
the risk of nonrecovery for stranded assets, and uncertainty
related to emerging technologies; weather, natural disasters,
pandemics, accidents, equipment failures, explosions, terrorism,
information system outages or other events, such as work stoppages,
that disrupt our operations, damage our facilities or systems,
cause the release of harmful materials or fires or subject us to
liability for damages, fines and penalties, some of which may not
be recoverable through regulatory mechanisms or insurance or may
impact our ability to obtain satisfactory levels of affordable
insurance; the availability of natural gas and natural gas storage
capacity, including disruptions caused by failures in the pipeline
system or limitations on the withdrawal of natural gas from storage
facilities; and other uncertainties, some of which are difficult to
predict and beyond our control.
These risks and uncertainties are further discussed in the
reports that the company has filed with the U.S. Securities and
Exchange Commission (SEC). These reports are available through the
EDGAR system free-of-charge on the SEC's website, www.sec.gov, and
on Sempra's website, www.sempra.com. Investors should not rely
unduly on any forward-looking statements.
Sempra Infrastructure, Sempra Infrastructure Partners, Sempra
Texas, Sempra Texas Utilities, Oncor Electric Delivery Company LLC
(Oncor) and Infraestructura Energética Nova, S.A.P.I. de
C.V. (IEnova) are not the same companies as
the California utilities, San Diego Gas & Electric Company or
Southern California Gas Company, and Sempra Infrastructure, Sempra
Infrastructure Partners, Sempra Texas, Sempra Texas Utilities,
Oncor and IEnova are not regulated by the CPUC.
1 Per CPUC rulemaking 15-01-008, thresholds for
fugitive and vented methane emissions reductions vary by
classification tier, which are based on 2015 emissions percentages.
As a class A utility, SoCalGas has specific mandated reduction
targets.
2 Over-the-road fleet refers to light-, medium-, and/or
heavy-duty company fleet vehicles.
3 Renewable Gas Procurement Standard is a mandatory RNG
procurement program on behalf of core customers pursuant to SB
1440. Core customers are customers receiving "core service" as
defined in SoCalGas' Tariff Rule No.23.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/socalgas-receives-organizational-leadership-award-from-the-climate-registry-for-its-aspire-2045-sustainability-strategy-302154590.html
SOURCE Southern California Gas Company