Sempra Energy Recognized As Trendsetter In Political Disclosure And Accountability By 2020 CPA-Zicklin Index
Dec 15, 2020
The CPA-Zicklin Index is released annually by the Center for Political Accountability (CPA) and the Zicklin Center for Business Ethics Research at The Wharton School at the University of Pennsylvania. The index measures political disclosure and accountability policies and practices for election-related spending by S&P 500 companies, including political spending policies and board oversight. Companies that score 90 points or higher on the index are considered Trendsetters.
Highlights for Sempra Energy's recognition this year include the following:
"At Sempra Energy, we are committed to engaging with our regulators, elected officials and community leaders to support the needs of all our stakeholders, including our customers and employees," said Lisa Alexander, senior vice president of corporate affairs for Sempra Energy. "Our Trendsetter rating recognizes our company's strong governance as well as our robust policies and practices that support responsible stakeholder engagement."
"The heightened risk posed by engaging in political activity makes it paramount that companies adopt disclosure, transparency and oversight policies to govern their political participation and manage and mitigate risk," said CPA President Bruce Freed. "Sempra, one of only 35 Trendsetter companies in the 2016 CPA-Zicklin Index and one of 79 Trendsetters in 2020, has been a leader in making corporate political disclosure and accountability the norm."
Sempra Energy and its operating companies have numerous policies in place to help ensure transparency and accountability in political engagement. Sempra Energy has a stakeholder engagement policy, which defines expectations for employees who engage externally, spelling out the importance of sharing our views, listening to the perspectives of others, and considering the input received, where possible. The company also has a strong political activities policy and maintains a robust training program dedicated to compliance with political reporting rules and requirements. The company's board of directors has a Corporate Governance Committee that reviews public policy priorities on an annual basis, along with political contributions, and the company also discloses its political contributions biannually on its website.
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For further information: Media Contact: Kelli Mleczko, Sempra Energy, (877) 340-8875, firstname.lastname@example.org, Financial Contact: Lindsay Gartner, Sempra Energy, (877) 736-7727, email@example.com