Southern California Minority Supplier Development Council Names SoCalGas CEO Scott Drury 2022 CEO Diversity Champion

Nov 18, 2022

In 2021 SoCalGas set a record with 42% - nearly $1 billion - of all our goods and services purchased from women, minority, LGTBQ, and disabled veteran business enterprises

LOS ANGELES (November 18, 2022) - Southern California Gas Company (SoCalGas) today announced that Chief Executive Officer, Scott Drury, was named 2022 CEO Diversity Champion by the Southern California Minority Supplier Development Council (SCMSDC), which represents more than 1,500 certified minority-owned businesses and is the leading minority business certifying organization in Southern California. Mr. Drury was recognized by SCMSDC for embodying "the leadership needed to advance diversity and inclusion in contracting," and for featuring supplier diversity as a centerpiece of SoCalGas' ASPIRE 2045 sustainability strategy.

"Behind every success and achievement is a champion and leader who inspires and clears the path to empower their team to achieve their best," said Virginia Gomez, President and CEO of Southern California Minority Supplier Development Council. "SoCalGas' CEO Scott Drury embodies the visionary leadership needed to advance diversity and inclusion in contracting."

"SoCalGas is a leader in sustainability with innovations across our business, including in the communities we serve," said SoCalGas CEO Scott Drury. "Last year we set a record with 42% - nearly $1 billion - of all our goods and services purchased from women, minority, LGBTQ, and disabled veteran business enterprises. Our Aspire 2045 plan includes a goal to do even more to support diverse suppliers and to invest another $50 million over the next five years in underserved communities. I am grateful to our partners at SCMSDC and to the entire team at SoCalGas whose great work helped us reach these important milestones."

Over the last five years, SoCalGas has spent $3.9 billion with diverse business enterprises and has exceeded the CPUC's diverse business spending goals for 29 consecutive years. SoCalGas' ASPIRE 2045 sustainability strategy, includes an even bolder goal to achieve 45% spending with diverse business enterprises by 2025.

SoCalGas partners with the SCMSDC throughout the year for various programs including technical assistance classes, providing fundamentals to business owners in accounting, finance, and management, creating a stronger business plan, pitching competition, and identifying solutions and strategies to grow their businesses.

SoCalGas also helped launch the SCMSDC's corporate council in 2022 to help identify new innovative strategies and bring in new suppliers and other corporations to create and leverage for economic opportunities for diverse suppliers.

More information about SoCalGas' commitment to supplier diversity can be found in its 2021 Supplier Diversity Annual Report. SoCalGas invites diverse businesses to engage and learn more about the Supplier Diversity Program at socalgas.com/for-your-business/supplier-diversity.

The company's ASPIRE 2045 sustainability strategy covers a broad range of goals and initiatives aimed at achieving a safe, reliable, resilient, affordable, and equitable energy transition to net zero.

Last month, SoCalGas was awarded the top "Business Transformation Award" at the 2022 Responsible Business Awards, hosted by Reuters Events, for having established truly transformative sustainability priorities with the potential to create impact at scale in the energy sector and beyond.

To learn more about sustainability initiatives at SoCalGas, click here.

 

About SoCalGas
SoCalGas is the largest gas distribution utility in the United States, serving more than 21 million consumers across approximately 24,000 square miles of Central and Southern California. Our mission is: Safe, Reliable, and Affordable energy delivery today. Ready for tomorrow. SoCalGas is a recognized leader in the energy industry and has been named Corporate Member of the Year by the Los Angeles Chamber of Commerce for its volunteer leadership in the communities it serves. SoCalGas is a subsidiary of Sempra (NYSE: SRE), a leading North American energy infrastructure company. For more information, visit SoCalGas.com/newsroom or connect with SoCalGas on social media @SoCalGas.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions about the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. These forward-looking statements represent our estimates and assumptions only as of the date of this press release We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise.

In this press release, forward-looking statements can be identified by words such as “believe,” “expect,” “intend,” “anticipate,” “contemplate,” “plan,” “estimate,” “project,” “forecast,” “envision,” “should,” “could,” “would,” “will,” “confident,” “may,” “can,” “potential,” “possible,” “proposed,” “in process,” “construct,” “develop,” “opportunity,” “preliminary,” “initiative,” "target," "outlook," “optimistic,” “poised,” “positioned,” “maintain,” “continue,” “progress,” “advance,” “goal,” “aim,” “commit,” or similar expressions, or when we discuss our guidance, priorities, strategies, goals, vision, mission, projections, intentions or expectations.

Factors, among others, that could cause actual results and events to differ materially from those expressed or implied in any forward-looking statement include: decisions, denials of cost recovery, audits, investigations, inquiries, ordered studies, regulations, denials or revocations of permits, consents, approvals or other authorizations, renewals of franchises, and other actions, including the failure to honor contracts and commitments, by the (i) California Public Utilities Commission (CPUC), U.S. Department of Energy, U.S. Internal Revenue Service and other regulatory bodies and (ii) U.S. and states, counties, cities and other jurisdictions therein where we do business; the success of business development efforts and construction projects, including risks related to (i) completing construction projects or other transactions on schedule and budget, (ii) realizing anticipated benefits from any of these efforts if completed, (iii) obtaining third-party consents and approvals and (iv) third parties honoring their contracts and commitments; changes to our capital expenditure plans and their potential impact on rate base or other growth; litigation, arbitration and other proceedings, and changes (i) to laws and regulations, including those related to tax, (ii) due to the results of elections, and (iii) in trade and other foreign policy, including the imposition of tariffs by the U.S. and foreign countries; cybersecurity threats, including by state and state-sponsored actors, of ransomware or other attacks on our systems or the systems of third parties with which we conduct business, including the energy grid or other energy infrastructure; the availability, uses, sufficiency, and cost of capital resources and our ability to borrow money or otherwise raise capital on favorable terms and meet our obligations, which can be affected by, among other things, (i) actions by credit rating agencies to downgrade our credit ratings or place those ratings on negative outlook, (ii) instability in the capital markets, and (iii) fluctuating interest rates and inflation; the impact on affordability of our customer rates and our cost of capital and on our ability to pass through higher costs to customers due to (i) volatility in inflation, interest rates and commodity prices and (ii) the cost of meeting the demand for lower carbon and reliable energy in California; the impact of climate policies, laws, rules, regulations, trends and required disclosures, including actions to reduce or eliminate reliance on natural gas, increased uncertainty in the political or regulatory environment for California natural gas distribution companies, the risk of nonrecovery for stranded assets, and uncertainty related to emerging technologies; weather, natural disasters, pandemics, accidents, equipment failures, explosions, terrorism, information system outages or other events, such as work stoppages, that disrupt our operations, damage our facilities or systems, cause the release of harmful materials or fires or subject us to liability for damages, fines and penalties, some of which may not be recoverable through regulatory mechanisms or insurance or may impact our ability to obtain satisfactory levels of affordable insurance; the availability of natural gas and natural gas storage capacity, including disruptions caused by failures in the pipeline and storage systems or limitations on the injection and withdrawal of natural gas from storage facilities; and other uncertainties, some of which are difficult to predict and beyond our control.

These risks and uncertainties are further discussed in the reports that the company has filed with the U.S. Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov, and on Sempra’s website, www.sempra.com. Investors should not rely unduly on any forward-looking statements.

Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Texas Utilities, Oncor Electric Delivery Company LLC (Oncor) and Infraestructura Energética Nova, S.A.P.I. de C.V. (IEnova) are not the same companies as the California utilities, San Diego Gas & Electric Company or Southern California Gas Company, and Sempra Infrastructure, Sempra Infrastructure Partners, Sempra Texas, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC.