SAN
DIEGO, Oct. 28, 2024 /PRNewswire/ -- Sempra
(NYSE: SRE) (BMV: SRE) has been recognized as a Trendsetter for the
ninth consecutive year for its civic transparency by the Center for
Political Accountability's annual CPA-Zicklin Index of Corporate
Political Disclosure and Accountability. Sempra received a perfect
score of 100% and was named a "Model Code" company for
demonstrating an emblematic commitment to ethical behavior.
The CPA-Zicklin Index, which is produced in conjunction with the
Zicklin Center for Governance & Business Ethics at the
University of Pennsylvania's Wharton
School, assesses 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.
"Earning a perfect score on the CPA-Zicklin Index is a
reflection of the strength of Sempra's commitment to good and
prudent governance, and a corporate strategy that recognizes
ethical behavior, responsible stakeholder engagement and corporate
citizenship as foundational to the company's performance," said
Lisa Larroque Alexander, senior vice
president of corporate affairs at Sempra. "Sempra stays true to our
values — do the right thing, champion people and shape
the future — and we believe responsible political engagement is
a vital contributor to Sempra's long-term success. We look forward
to continuing our work as a leader in political disclosure and
accountability for the shared benefit of our shareholders and other
stakeholders."
Highlights for Sempra's recognition this year include the
following:
- Sempra received a raw score of 70 out of 70, which equates to
an overall score of 100% on the CPA-Zicklin Index. This year, the
average overall score for political disclosure and accountability
was 59.9% for all S&P 500 companies.
- Sempra is one of only seven companies in the S&P 500 to
earn a perfect 100% score.
- Companies scoring 90% or higher on the Index are considered
"Trendsetters" and represent models among S&P 500 and Russell
1000 companies for disclosure regarding political policies and
spending.
"We applaud Sempra for exceeding industry standards related to
political spending disclosure and accountability and are pleased
that Sempra is one of the inaugural companies committing to follow
the CPA-Zicklin Model Code for Corporate Political Spending," said
Bruce Freed, president at CPA.
Additionally, Sempra was among the first public companies in the
nation to be designated Model Code Companies, which reflect
alignment with the CPA-Zicklin Model Code of Conduct for Corporate
Political Spending. The Model Code was developed to help companies
manage risks associated with election-related spending and provides
a framework of 12 provisions designed to enhance disclosure and
accountability and consider societal interests and democracy in
companies' political spending decisions.
In addition to being recognized in this year's CPA-Zicklin
Index, Sempra has been named to the FTSE4Good Index Series, CNBC
and JUST Capital's "JUST 100" and the Dow Jones Sustainability
Index North America, among other prominent recognitions for its
ethical and sustainable business practices.
About Sempra
Sempra (NYSE: SRE) is a leading North
American energy infrastructure company focused on delivering energy
to nearly 40 million consumers. As owner of one of the largest
energy networks on the continent, Sempra is electrifying and
improving the energy resilience of some of the world's most
significant economic markets, including California, Texas, Mexico
and global energy markets. The company is recognized as a leader in
sustainable business practices and for its high-performance culture
focused on safety and operational excellence, as demonstrated by
Sempra's inclusion in the Dow Jones Sustainability Index North
America and in The Wall Street Journal's Best Managed Companies.
More information about Sempra is available at sempra.com and
on social media @Sempra.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/sempra-earns-perfect-score-on-cpa-zicklin-index-302288031.html
SOURCE Sempra
