Company: SREA
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001032208-25-000012
Chunk: 180

Company: SEMPRA
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1
Chunk 180
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 2035 (this interim target applies to Sempra California and Sempra Infrastructure’s Mexico (non-LNG) operations and is relative to a 2019 baseline). While the company no longer has a specific goal to achieve net-zero scope 3 GHG emissions by 2050, Sempra continues to advocate for programs and initiatives that support regulatory, consumer and market demand for lower- and zero-carbon energy. Additionally, although SDG&E and SoCalGas continue to support California’s goal to achieve net-zero GHG emissions by 2045, their respective abilities to achieve their net-zero aspirations, as well as Sempra’s ability to achieve its 2035 and 2050 net-zero aspirations, will depend on the development, commercialization and regulatory acceptance of affordable lower carbon generation resources and cleaner fuels, among other factors. For a discussion of risks and uncertainties related to our net-zero and other climate aims, see “Part I – Item 1A. Risk Factors.”

With respect to our net-zero aims, even in a state of “net-zero,” GHG emissions may still be generated, but with innovation and continued development of new technology and solutions, it could allow an equal amount of carbon dioxide or its equivalent to be removed from the atmosphere, resulting in a zero increase in overall net emissions. In addition, for purposes of these net-zero aims, we expect that achievement of net-zero GHG emissions will be determined based on operations in 2050 and GHG emissions will be calculated according to widely accepted emissions reporting guidelines or mandates at that time, and our net-zero aim does not include Oncor, which sets its own goals due to certain ring-fencing measures that limit Sempra’s ability to direct the management or activities of Oncor.

2024 Form 10-K  |  33

OTHER MATTERS

Information About Our Executive Officers

INFORMATION ABOUT EXECUTIVE OFFICERSNameAge(1)Positions held over last five yearsTime in positionSempra:Jeffrey W. Martin63PresidentMarch 2020 to presentChairmanDecember 2018 to presentChief Executive OfficerMay 2018 to presentKaren L. Sedgwick58Executive Vice President and Chief Financial OfficerJanuary 2024 to presentChief Administrative OfficerDecember 2021 to December 2023Chief Human Resources OfficerSeptember 2020 to December 2023Senior Vice PresidentSeptember 2020 to December 2021Chief Human Resources Officer and Chief Administrative Officer, SDG&EApril 2019 to September 202