Company: SREA
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001140361-25-010983
Chunk: 17

Company: SEMPRA
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 17
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 partners and representation on the entity’s board or equivalent governing body when possible |

The board fulfills its risk oversight function by, among other things, reviewing reports provided to the board and to appropriate board committees, discussing material risks and opportunities with management, engaging outside experts when needed, selecting director candidates with varied experience and qualifications and staying informed about developments in our industry and other current events that may signal meaningful emerging or heightened risks or otherwise impact the company. The board also reviews and monitors strategic, financial and operating plans and goals intended to support sustainable long-term growth, and each of our principal operating companies is responsible for identifying and moderating risk in a manner consistent with these plans and goals. Additionally, the board utilizes various committees to focus on specific risk areas. Based on the foregoing, the board and its committees have established risk oversight and control mechanisms and practices, which they monitor and change as needed. The board believes that risk oversight requires more than any one committee. As a result, the board has diversified its risk oversight responsibilities across its membership, housing categories of risk oversight within standing board committees by topic and forming ad hoc committees to oversee certain specific risks as needed, which helps to focus committee members on specific risk areas and to direct risks by category to the committees and committee members best-suited to oversee them. For example, the responsibilities of the board’s Safety, Sustainability and Technology Committee include oversight of the company’s overall safety and health practices and safety culture, reinforcing our company’s strong commitment to safety. This committee also oversees a variety of sustainability matters, including climate change, cybersecurity, technology and other environmental and social issues affecting the company’s businesses. Additionally, this committee oversees cybersecurity and other information technology risks and keeps abreast of technology advancements important to our businesses and other current events or developments that could impact our cybersecurity risk. Any risk oversight that does not fall within the responsibility of a particular committee remains with the full board. The committee Chairs periodically report to the full board regarding their respective committees’ risk oversight roles. For additional information on the responsibilities of our standing board committees, see “Board Committees” below. The board and its committees, as appropriate, regularly review and evaluate the material risks we face, including immediate-term, short-term and long-term risks of importance to our businesses. The board also evaluates an annual risk review based on likelihood of occurrence, magnitude of impact, and immediacy.

| 12 |     | 2025 Proxy Statement |

TABLE OF CONTENTS Corporate Governance

In addition, management has developed an integrated risk management framework to assess, prioritize and