Sempra Ranks No.1 Again In Sustainability; Receives Target Rock Sustainability Award for Outstanding Sustainability Practices and Triple-Bottom Line Performance
Hauppauge, NY (PRWEB) March 20, 2013
Target Rock Advisors has named Sempra Energy as the industry leader in utility sustainability, announced last night during the State of Energy dinner at the EnergyBiz Leadership Forum in Washington, DC. For the second year in a row, Sempra placed first for their overall performance and management of the classic pillars of sustainability; environmental, economic and societal interests.
Sempra Energy was selected from a universe of approximately 150 publicly traded US-domiciled utilities and industry-related energy companies, representing some 350 distinct operating subsidiaries. Sempra will also remain a component of Target Rocks Sustainable Utility Leadership Index (SULI), a proprietary stock market index designed to aid in sustainable and socially responsible investing. The SULI Index is computed daily by S&P Dow Jones Indicies and streamed to Bloomberg and other requesting third parties.
The Target Rock results indicate that Sempra has excelled in a number of areas relative to its peers, including; operating efficiency, the quality of generated and purchased power, energy efficiency and demand side management, and emissions and emissions reporting. Sempra also scored high marks in the customer, philanthropy and community investment categories. Its not just about environmental awareness or reporting transparency, said Mr. Rudden, Sustainability is about the full range of interactions a company has with all of its stakeholders, and Sempras efforts are paying off; Sempras shares posted the highest total return in 2012 (32%) among all energy utilities in our sustainability assessment focus group.
Historically, as a group, the utilities that rank high in the Target Rock Index have tended to outperform their peers. Over the ten years ended December 31, 2011, the Target Rock Sustainable Utility Leadership Index would have outperformed both the utility indexes and the broad market indexes. By improving the line of sight between sustainability and stock performance, Target Rock provides significant value to both the utility industry and financial community. Stated Rudden. Investors can use the Target Rock Index to identify utilities for inclusion in sustainable portfolios and utilities can use the comparative statistics on which the scores are based as sustainability benchmarks for self-assessment, performance improvement and planning. Target Rocks suite of analytics and consulting services can help utilities tell their story to regulators, investors, equities analysts and other stakeholders.