SEMPRA ENERGY

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Southern California Gas to Invest $50 Million Into Communities It Serves

01/25/2022 | 12:35pm EDT

By Chris Wack


Southern California Gas Co.. a unit of Sempra Energy, released its SoCalGas Sustainability Strategy on Tuesday, with hopes it takes tangible steps toward a carbon neutral future, investing $50 million over five years into communities the company serves and works to advance racial and gender diversity in the workplace.

The company said the strategy focuses on accelerating the transition of clean energy, protecting the climate and improving local air quality, and increasing clean energy access and affordability, as well as advancing a diverse, equitable and inclusive culture.

SoCalGas plans on investing $50 million in the diverse communities the company serves, including education and workforce investments over the next five years, and taking actions to increase representation of women in leadership roles and the overall workforce by 2025. It also plans on taking actions to lead the utility industry in racial and ethnic diversity representation in leadership roles by 2025.

SoCalGas also has a goal to achieve a collective and collaborative transition to a decarbonized future, using its infrastructure, improving local air quality through existing and emerging technologies, and creating a culture of diversity, inclusion, and safety with training and innovation.


Write to Chris Wack at chris.wack@wsj.com


(END) Dow Jones Newswires

01-25-22 1235ET

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ChangeLast1st jan.
SEMPRA ENERGY 0.77% 168.02 Delayed Quote.26.05%
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Financials (USD)
Sales 2022 13 215 M - -
Net income 2022 2 702 M - -
Net Debt 2022 28 728 M - -
P/E ratio 2022 19,8x
Yield 2022 2,79%
Capitalization 52 407 M 52 407 M -
EV / Sales 2022 6,14x
EV / Sales 2023 6,06x
Nbr of Employees 15 390
Free-Float 99,7%
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Mean consensus OUTPERFORM
Number of Analysts 18
Last Close Price 166,74 $
Average target price 172,40 $
Spread / Average Target 3,39%
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Managers and Directors
Jeffrey Walker Martin Chairman & Chief Executive Officer
Kevin Christopher Sagara Group Co-President & Executive Vice President
Trevor Ian Mihalik Chief Accounting Officer, Senior VP & Controller
Eric G. Trapp Chief Information Security Officer & Director
Karen L. Sedgwick Chief Administrative & Human Resources Officer
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