San Diego, Jan. 21, 2020 /PRNewswire/ -- Sempra Energy (NYSE: SRE) has been named one of the "World's Most Admired Companies" for 2020 by Fortune Magazine. This is the 10th time the company has been recognized on the list, which ranks global businesses with the strongest reputations within their industries.
"It's an honor to be recognized by Fortune Magazine again this year – a recognition that is truly a credit to our high-performance culture and the focused efforts of our employees," said Dennis V. Arriola, executive vice president and group president for Sempra Energy. "As we continue to see significant change in the energy industry, our strategy at Sempra Energy embraces the opportunities that come with the global energy transition. We're committed to carrying out our vision of delivering energy with purpose, backed by a strong leadership team and a united focus among all of our employees to serve our diverse stakeholders."
Sempra Energy's inclusion on the ranking demonstrates the company's commitment to purpose-driven performance. The company's 20,000 employees are united in advancing Sempra's mission to be North America's premier energy infrastructure company by safely delivering reliable, affordable energy to over 40 million consumers every day. Since 2018, the company has focused its portfolio to include transmission and distribution assets in the most attractive markets in North America, including the LNG export market. Sempra Energy's public utilities power homes and businesses in California and Texas. The company also develops and operates strategic energy infrastructure in the United States and Mexico, including liquefied natural gas (LNG) facilities, with a goal of delivering 45 million tonnes per annum of clean natural gas to the largest world markets.
Fortune partners with Korn Ferry Hay Group, a global management consulting firm, to select companies for the annual "World's Most Admired Companies" list. Fortune considered the 1,000 largest U.S. companies ranked by revenue for the list, along with non-U.S. companies that have revenues of approximately $10 billion or more. The rankings are determined by surveying senior executives and directors from about 680 companies and 52 industries, as well as financial analysts.
The survey asks respondents to rank the companies on the following topics: quality of management; quality of products or services; innovativeness; long-term investment value; financial soundness; ability to attract, develop and retain talent; social responsibility to the community and environment; wise use of corporate assets; and effectiveness in doing business globally. Companies who rank in the top half of their industry are recognized as the "World's Most Admired Companies."
About Sempra Energy
Sempra Energy's mission is to be North America's premier energy infrastructure company. With more than $60 billion in total assets reported in 2018, the San Diego-based company is the utility holding company with the largest U.S. customer base. The Sempra Energy companies' more than 20,000 employees deliver energy with purpose to approximately 40 million consumers worldwide. The company is focused on the most attractive markets in North America, including California, Texas, Mexico and the LNG export market. Sempra Energy has been consistently recognized for its leadership in diversity and inclusion, and sustainability, and is a member of the S&P 500 Utilities Index and the Dow Jones Utility Index.
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