Company: SREA
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001140361-25-010983
Chunk: 23

Company: SEMPRA
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 23
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 if the company wishes to gain additional feedback from shareholders on a particular matter. Recently, we have been engaging with shareholders more frequently throughout the year to maintain a steady conversation about their top priorities, and feedback from our engagement program is provided to our board on an ongoing basis. This regular dialogue with shareholders, which is separate from our investor relations team’s engagement efforts, provides Sempra’s board and management team with valuable insight into our shareholders’ priorities and feedback on matters of significance to the company and our shareholders.

| (1) | Percentages are calculated using estimates of the holdings of each shareholder included in our outreach and engagement, as applicable, and the number of outstanding shares of our common stock on December 31, 2024. |

Key topics discussed during the 2024-2025 engagement cycle included:

| • | Board composition, refreshment and leadership rotation |

| • | Board oversight of risk management |

| • | Board oversight of management succession planning |

| • | Executive compensation program and structure |

| • | Corporate governance |

| • | Employee engagement and development |

| • | The company’s safety culture |

| • | Business strategy, areas of focus and performance |

| • | Climate risks, challenges and opportunities |

| • | Approach to disclosure and transparency |

| • | Board oversight of sustainability practices |

| • | Energy transition initiatives |

Our shareholder outreach regularly includes many of our top 50 shareholders. During our 2024-2025 engagement cycle, we also contacted and engaged with investors with substantial shareholdings outside our top 50 shareholders. In addition, our 2024-2025 engagement cycle included broad-based listening tours with shareholders to discuss topics including climate risks, challenges and opportunities so that we can better understand shareholder priorities and how we can enhance future disclosures to provide additional clarity on Sempra’s approaches to these issues. This expanded scope of our engagement has provided a greater understanding of the viewpoints of a broader spectrum of our investors. For more information about our shareholder engagement related to our executive compensation program, see “Compensation Discussion and Analysis—Executive Summary—Shareholder Engagement” on page 41.

| 2025 Proxy Statement |     | 15 |

TABLE OF CONTENTS Corporate Governance Other Stakeholders In addition to shareholders, we engage with proxy advisory firms, sustainability organizations, trade associations and other stakeholders who express an interest in our company and its operations. This further informs our practices and disclosures across corporate governance and sustainability matters. Insider Trading Policiesand Procedures The company has adopted its Insider Trading and Information Confidentiality Policy