Company: SREA
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001140361-25-010983
Chunk: 18

Company: SEMPRA
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 18
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 monitor risks across our operations. This framework is overseen by Sempra’s Chief Risk Officer, who regularly interacts with the board regarding the company’s risk management practices, policies and related matters. Senior management presents its assessment of what it believes to be Sempra’s most material risks and mitigation strategies to the full board for its review regularly. In addition, the company has a robust internal audit function that reports directly to the Audit Committee. The Board’s Oversight of Sustainability Matters The board recognizes the importance of overseeing risks and opportunities related to responsible governance, safety, environmental stewardship, human capital and stakeholder engagement consistent with our vision, mission and values. As a general practice, the board monitors overall governance processes and delegates specific areas of focus to standing committees, including for sustainability matters. The board has delegated to the Safety, Sustainability and Technology Committee the responsibility to oversee the company’s risk management and oversight programs and performance related to safety, safety culture, health, security, cybersecurity, technology, climate change, environment, sustainability, human rights, and related matters. The board reviews annually and updates as necessary the Safety, Sustainability and Technology Committee’s charter with a view to further strengthen and clarify the way this committee oversees and considers sustainability and other related matters, including emerging risks. In addition, the board’s Compensation and Talent Development Committee is responsible for overseeing the company’s programs and initiatives related to human capital matters, including our commitment to fostering an inclusive workplace, and also determines executive compensation metrics related to safety and sustainability. Additional standing committees, such as the Audit Committee and Corporate Governance Committee, also support in overseeing the integration and strengthening of sustainable business practices throughout the organization with respect to their specific areas of responsibility. Management committees meet regularly to discuss topics related to Sempra’s sustainable business strategy. These management committees include the Corporate Executive Sustainability Steering Committee, made up of Sempra officers representing accounting, finance, legal, human resources, audit, investor relations and corporate governance and chaired by the chief sustainability officer (CSO), and the Compliance and Enterprise Risk Committee, made up of the chief compliance officers of Sempra, SDG&E, SoCalGas and Sempra Infrastructure and Sempra officers representing legal, human resources, audit and corporate affairs and chaired by Sempra’s chief compliance officer (CCO). The CSO and CCO inform the board of the topics covered by these committees as the board works to collaborate with management to address key issues facing our company and our industry. Our directors come from a variety of professional backgrounds including global companies, government service and public policy, financial institution