Sustainable financing

Integrating sustainability

At Sempra, we are focused on investing in, developing and operating transmission and distribution (T&D) infrastructure in the most attractive markets in North America. Our mission is to be North America’s premier energy infrastructure company, which, in our view, requires full integration of sustainable development and climate considerations into our business strategy, operations and long-term investments. Being a leader in the energy transition to support net-zero greenhouse gas (GHG) emissions by mid-century is a natural extension of our North America-focused T&D platform.

Sempra's Sustainable Financing Framework outlines the path to investing in three key capabilities to work toward our aim of net-zero GHG emissions by 2050: decarbonization, diversification and digitalization. By aligning our capital-intensive activities with our sustainability goals, we believe it will help drive our environmental, social and governance (ESG) commitments to support long-term, sustainable value for all shareholders and our other stakeholders.

Sustainable financing framework

Second party opinion

Reporting and accountants' attestations

Sempra’s Sustainable Financing Framework is aligned with the International Capital Markets Association’s (ICMA) Green Bond Principles, 2021 (GBP), Social Bond Principles, 2021 (SBP), and Sustainability Bond Guidelines, 2021 (SBG), and the Loan Syndications and Trading Association’s (LSTA) Green Loan Principles, 2021 (GPB), and is focused on contributing to the United Nation’s Sustainable Development Goals. This framework outlines how we intend to raise funds for investing in capital-intensive projects to help us meet our sustainability goals.

Vigeo Eiris (V.E) has provided a second party opinion after reviewing Sempra’s Sustainable Financing Framework. V.E, a Moody’s affiliate, is an independent global provider of ESG solutions serving the investor and issuer communities.

Sempra, SDG&E and SoCalGas will publish an annual report each year until the full allocation of the net proceeds of each sustainable financing instrument issued by such company. The report will include allocation reporting along with relevant environmental and social impact reporting. These reports will be reviewed by an independent registered public accounting firm who will attest to management’s assertions of the net proceeds allocations.

 

AUGUST 2022 SUSTAINABLE FINANCING REPORT

Sustainable financing framework

Sempra’s Sustainable Financing Framework is aligned with the International Capital Markets Association’s (ICMA) Green Bond Principles, 2021 (GBP), Social Bond Principles, 2021 (SBP), and Sustainability Bond Guidelines, 2021 (SBG), and the Loan Syndications and Trading Association’s (LSTA) Green Loan Principles, 2021 (GPB), and is focused on contributing to the United Nation’s Sustainable Development Goals. This framework outlines how we intend to raise funds for investing in capital-intensive projects to help us meet our sustainability goals.

Second party opinion

Vigeo Eiris (V.E) has provided a second party opinion after reviewing Sempra’s Sustainable Financing Framework. V.E, a Moody’s affiliate, is an independent global provider of ESG solutions serving the investor and issuer communities.

Reporting and accountants' attestations

Sempra, SDG&E and SoCalGas will publish an annual report each year until the full allocation of the net proceeds of each sustainable financing instrument issued by such company. The report will include allocation reporting along with relevant environmental and social impact reporting. These reports will be reviewed by an independent registered public accounting firm who will attest to management’s assertions of the net proceeds allocations.

 

AUGUST 2022 SUSTAINABLE FINANCING REPORT
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