Sempra Energy

Alternative Electricity / Pipelines

SRE

$ 161 2

Share price

$ 51 bn

Market Cap

$ 78 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

3.1x the weighted average for S&P 500

FY2020

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

Stronger than the -5.1% weighted average for S&P 500

FY2021

Sempra Energy aims to reduce Scope 1 + 2 by 50% by 2030 from a base year 2019

This target has not been verified as science based according to SBTi

Secondary Climate Goal

Proj. YOY change in GHG emissions (all Scopes)

Weaker than the -6.7% weighted average for S&P 500

FY2021

Sempra Energy aims to achieve net zero for all Scopes by 2050

This target has not been verified as science based according to SBTi

GHG emissions and Carbon intensity

Sempra Energy reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2020 at 6,851 Kt (+1,205/+21% y-o-y). Carbon intensity also grew to 603 t (+81/+16% y-o-y).

Sempra Energy's Scope 3 emissions grew to 66,100 Kt (+1,300/+2% y-o-y). The growth has slowed compared to the trend since 4Q'16 (CAGR +4.6%).

The company is committed to reducing Scope 1 + 2 by 50% by 2030 from a base year 2019, which translates into the estimated reduction of -403 Kt per annum over the period of FY2021 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Also, the company commits to achieving net zero for all Scopes by 2050, which translates into the estimated reduction of -2,432 Kt per annum over the period of FY2021 - FY2050. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Date	Total CO2e emissions (location-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2020Q4	6,851	6,700	151	66,100	11,370	603
2019Q4	5,646	5,500	146	64,800	10,829	521
2018Q4	6,414	5,900	514	67,400	10,102	635
2017Q4	5,433	5,200	233	55,100	11,207	485
2016Q4	5,116	4,900	216	52,800	10,183	502
2015Q4	8,350	8,100	250	54,500	10,231	816