Sempra

California
Utilities

Corporate Bias Rating

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Risk Level:

Rating - Clear
Lower Risk

Summary:

Sempra scored a 95 out of 100 on the 2023-2024 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. By complying with Human Rights Campaign’s controversial demands, Sempra increases the risk of dividing employees, alienating customers and harming shareholders. The company provides a benefits package for employees which covers transgender medical procedures for covered employees and dependents, including children. It also uses sex and gender ideology criteria in employee recruitment, vendor selection, marketing, and philanthropic support. Sempra forces employees to undergo multiple ideological trainings and uses its reputation, corporate funds, and political influence to support controversial sex and gender ideologies, organizations, and legislation. The company’s diversity and inclusion page states "all of our employees participate in D&I-focused training where they learn how to understand and appreciate differences". Sempra's CEO signed the Business Roundtable's 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism over traditional obligations to shareholders and customers. The company’s CEO, Jeffrey W. Martin, signed the CEO Action for Diversity & Inclusion pledge, which includes a commitment to promote DEI through bias education training in the workplace. For these reasons, Sempra receives a High Risk rating.

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Shareholder Proposals

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Date
ESG Category
Proponent
Summary of ResolutionMgmt RecTotal Vote % in Favor
5/12/23GovernanceJohn CheveddenIndependent Board ChairAgainst32.40%
5/13/21GovernanceJohn CheveddenRequire Independent Board ChairAgainst37.87%
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