<SEC-DOCUMENT>0001214659-21-003561.txt : 20210330
<SEC-HEADER>0001214659-21-003561.hdr.sgml : 20210330
<ACCEPTANCE-DATETIME>20210329194222
ACCESSION NUMBER:		0001214659-21-003561
CONFORMED SUBMISSION TYPE:	PX14A6G
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20210330
DATE AS OF CHANGE:		20210329
EFFECTIVENESS DATE:		20210330

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SEMPRA ENERGY
		CENTRAL INDEX KEY:			0001032208
		STANDARD INDUSTRIAL CLASSIFICATION:	GAS & OTHER SERVICES COMBINED [4932]
		IRS NUMBER:				330732627
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		PX14A6G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14201
		FILM NUMBER:		21783168

	BUSINESS ADDRESS:	
		STREET 1:		488 8TH AVENUE
		STREET 2:		P O BOX 129400
		CITY:			SAN DIEGO
		STATE:			CA
		ZIP:			92101
		BUSINESS PHONE:		6196962000

	MAIL ADDRESS:	
		STREET 1:		488 8TH AVENUE
		STREET 2:		P O BOX 129400
		CITY:			SAN DIEGO
		STATE:			CA
		ZIP:			92101

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MINERAL ENERGY CO
		DATE OF NAME CHANGE:	19970205

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AS YOU SOW
		CENTRAL INDEX KEY:			0001086462
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			CA

	FILING VALUES:
		FORM TYPE:		PX14A6G

	BUSINESS ADDRESS:	
		STREET 1:		2150 KITTREDGE ST.
		STREET 2:		SUITE 450
		CITY:			BERKELEY
		STATE:			CA
		ZIP:			94704
		BUSINESS PHONE:		510-735-8155

	MAIL ADDRESS:	
		STREET 1:		2150 KITTREDGE ST.
		STREET 2:		SUITE 450
		CITY:			BERKELEY
		STATE:			CA
		ZIP:			94704
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<P STYLE="color: #73C167; font: 8pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">Notice of Exempt Solicitation Pursuant to Rule 14a-103</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">Name of the Registrant: Sempra Energy (SRE)<BR>
Name of persons relying on exemption:&nbsp;As You Sow and Calvert Research and Management<BR>
Address of persons relying on exemption: 2150 Kittredge St. Suite 450, Berkeley, CA 94704</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">Written materials are submitted pursuant to Rule 14a-6(g)(1) promulgated
under the Securities Exchange Act of 1934.&nbsp;Submission is not requir1ed of this filer under the terms of the Rule, but is made voluntarily
in the interest of public disclosure and consideration of these important issues.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 9pt; background-color: #B8CCE4"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font: bold 16pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 16pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 14pt">Sempra Energy
(SRE)<BR>
Vote Yes: Item #5 &ndash; Shareholder Proposal on Climate Aligned Lobbying</FONT></P>

<P STYLE="font: bold 16pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-weight: normal">Annual Meeting:
May 14,2021 </FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">CONTACTS:</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Lila Holzman | lholzman@asyousow.org</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Kimberly Stokes | kstokes@calvert.com</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 13pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 9pt; background-color: #B8CCE4">THE RESOLUTION</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><B>RESOLVED: </B>&nbsp;Shareholders request the Board of Directors
evaluate and issue a report (at reasonable cost, omitting proprietary information) describing if, and how, Sempra&rsquo;s lobbying activities
(direct and through trade associations) align with the Paris Agreement&rsquo;s goal to limit temperature rise to 1.5 degrees and how Sempra
plans to mitigate risks presented by any misalignment.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: bold 13pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 9pt; background-color: #B8CCE4">SUMMARY</P>

<P STYLE="font: bold 13pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 9pt; background-color: #B8CCE4"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">Investor focus on corporate lobbying has grown considerably in recent
years as companies face serious backlash for lobbying and political spending related to dangerous societal problems such as climate change,
which is projected to cause trillions in damages if left unaddressed.<SUP>1,2</SUP> Investors representing $6.5 trillion in assets under
management (AUM) wrote letters in 2019<SUP>3</SUP> and 2020<SUP>4</SUP> calling on U.S. companies to align climate lobbying with the Paris
Agreement&rsquo;s goals. The world&rsquo;s largest asset manager, BlackRock, has stated it is looking for companies to align lobbying
activities with public statements on climate change.<SUP>5</SUP> The investor coalition Climate Action 100+ (CA100+), representing $52
trillion in AUM, published expectations that companies have a &ldquo;Paris-Agreement-aligned climate lobbying position and all of [their]
direct lobbying activities are aligned with this&rdquo;; that companies have &ldquo;Paris-Agreement-aligned lobbying expectation for [their]
trade associations&rdquo;; and that companies have a &ldquo;process to ensure [their] trade associations lobby in accordance with the
Paris Agreement.&rdquo;<SUP>6</SUP></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><B>_____________________________</B></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>1</SUP> https://www.nature.com/articles/s41467-020-18797-8/</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>2</SUP> https://www.nature.com/articles/d41586-018-05219-5</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>3</SUP> https://www.ceres.org/news-center/press-releases/200-investors-call-us-companies-align-climate-lobbying-paris-agreement&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>4</SUP> https://www.ceres.org/news-center/press-releases/major-us-investors-call-largest-corporate-emitters-disclose-how-their&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>5</SUP> https://www.reuters.com/article/us-climate-change-blackrock/top-investor-blackrock-to-expand-climate-talks-with-companies-in-2021-idUSKBN28K0EM</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>6</SUP> https://www.climateaction100.org/wp-content/uploads/2020/12/Net-Zero-Benchmark-Indicators-12.15.20.pdf,
p.3</P>


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Proxy Memo</B></FONT></P>
                                                <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; color: #00813B"><FONT STYLE="font-size: 10pt; color: #00813D"><B></B></FONT><FONT STYLE="font-size: 10pt; font-weight: normal">Sempra Energy | Shareholder Proposal on Climate Aligned
Lobbying</FONT></P>
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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">To avoid catastrophic climate change and achieve the Paris Climate
Agreement goal of limiting global warming to 1.5 degrees Celsius, the consensus of climate experts is that gas production, like oil and
coal&nbsp;production, must phase down over the next several decades.<SUP>7,8,9</SUP> In response, policy and regulation&nbsp;is being
introduced&nbsp;at state and local levels designed to reduce gas use and align with the Paris goal, indicating that&nbsp;a transition
from&nbsp;natural gas transition has begun.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">Sempra&nbsp;claims it supports climate goals, yet continues to lobby
for policies that promote natural gas and against policies that promote climate solutions, in clear opposition of the Paris goals. While
Southern California Gas (SoCalGas), a subsidiary of Sempra, has announced a net-zero target,&nbsp;Sempra has also disclosed that it has
plans to grow its natural gas footprint,&nbsp;acknowledging&nbsp;that&nbsp;&ldquo;this activity will significantly increase [the] company&rsquo;s
emissions . . . &rdquo;<SUP>10</SUP> In recent years, Sempra has received widespread negative press and scrutiny over its effort to block
climate-related policy in California, including a recommended financial penalty for hundreds of millions of dollars.<SUP>11</SUP> Such
controversy and risk exposure merits further attention.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">Sempra&rsquo;s disclosures do not&nbsp;enable investors to understand
how its&nbsp;specific lobbying and advocacy activities, especially&nbsp;in support of natural gas use,&nbsp;do or do not align with Paris&nbsp;goals
and&nbsp;global&nbsp;efforts to transition to net-zero&nbsp;greenhouse gas&nbsp;emissions&nbsp;(GHG)&nbsp;by 2050 or earlier.&nbsp;Additionally,
current disclosures do not enable investors to adequately understand how Sempra mitigates&nbsp;growing&nbsp;risks in instances&nbsp;of
apparent misalignment. To date, the Company&nbsp;has&nbsp;only&nbsp;produced misleading, high-level statements asserting&nbsp;its lobbying
is&nbsp;aligned&nbsp;with climate science, with&nbsp;limited evaluation of how&nbsp;to mitigate risks from misalignment with trade associations.&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">Shareowners concerned with mounting climate-related risk exposures
at the Company, as well as preventing the systemic risks associated with a rapidly warming planet, seek to understand&nbsp;if&nbsp;and
how&nbsp;Sempra Energy&rsquo;s lobbying activities, directly and indirectly through trade associations, support the Paris Agreement&rsquo;s
goal and how the Company mitigates risks presented by misalignment.&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">The current Proposal offers shareholders the opportunity
to understand and weigh in on this critical&nbsp;matter.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0">_____________________________</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>7</SUP> As reflected in Intergovernmental Panel on Climate Change
(&ldquo;IPCC&rdquo;) research and the UN Environmental&nbsp;Programme&nbsp;2019 Report,&nbsp;<I>The Production Gap.</I></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>8</SUP> Research has found that<B>&nbsp;</B>continued expansion
of gas&nbsp;infrastructure&nbsp;risks locking in a much higher gas trajectory than is consistent with a 1.5&deg;&nbsp;C or 2&deg;&nbsp;C
future. The Production Gap: 2019 Report. UN Environmental&nbsp;Programme.&nbsp;Page 18, Box 2.2 Gas as transition fuel?&nbsp;https://wedocs.unep.org/bitstream/handle/20.500.11822/30822/PGR19.pdf?sequence=1&amp;isAllowed=y&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>9</SUP> https://www.eia.gov/tools/faqs/faq.php?id=73&amp;t=11<U>;&nbsp;and&nbsp;</U>https://science.sciencemag.org/content/361/6398/186</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>10</SUP> https://www.sempra.com/sites/default/files/content/files/node-media-document/2019/2019-sempra-corporate-sustainability-report.pdf,
p.36</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>11</SUP> https://www.latimes.com/environment/story/2020-11-06/southern-california-gas-company-climate-fine-recommended</P>


<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: bold 9pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 9pt; background-color: #B8CCE4"><FONT STYLE="font-size: 13pt">RATIONALE
FOR A YES VOTE</FONT></P>

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<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><B>1)</B></TD><TD><B>Sempra Energy&rsquo;s current direct lobbying activities increase risk to the global climate and investor portfolios</B>. Directly
lobbying against climate legislation designed to decarbonize the economy works against cost-effectively transitioning to a net-zero economy
by midcentury. Anti-climate lobbying actions thus contribute to increasing economic damages to the global economy and subsequent value-destruction
to investor portfolios. Continually, Sempra has been publicly documented lobbying directly against pro-climate efforts and for anti-climate
efforts, exposing the company to both regulatory and reputational risk.<SUP>12</SUP></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><B>2)</B></TD><TD><B>Sempra does not provide shareholders with sufficient analysis and disclosure as to whether or how its direct and indirect lobbying
activities align with the Paris Agreement, and how it plans on mitigating misalignment risks.</B> Sempra provides cherry-picked examples
of how its direct lobbying activities support climate goals and leaves out discussion of examples where its lobbying does not support
or is intended to block climate policies. By excluding high-profile, controversial examples of misaligned lobbying, Sempra&rsquo;s reporting
falls short and is not useful. Similarly, the Company provides a limited response regarding how it mitigates risks of misalignment with
its trade associations. The Company excludes examples investors need to fully understand how Sempra assesses its lobbying through trade
associations and manages misalignment risks.</TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><B>3)</B></TD><TD><B>Sempra Energy compares poorly to peers in the climate alignment of its business and lobbying activities.</B> Utility sector peers
in California have voiced support for key legislation for cost-effectively achieving the state&rsquo;s mid-century climate targets, while
Sempra has worked to undermine such legislation. This puts Sempra significantly out of alignment versus peers in the utility sector and
has damaged Sempra&rsquo;s reputation. Additionally, other carbon-intensive companies are beginning to provide much more comprehensive,
useful disclosures in response to investor requests for Paris-aligned lobbying reporting.</TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: bold 13pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 9pt; background-color: #B8CCE4">DISCUSSION</P>

<P STYLE="font: bold 13pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 9pt; background-color: #B8CCE4"></P>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><B>1)</B></TD><TD><B>Sempra Energy&rsquo;s current direct lobbying activities increases risk to the global climate and investor portfolios</B>.</TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">Sempra&rsquo;s&nbsp;direct&nbsp;lobbying activities undermine climate
policy and create market conditions that&nbsp;favor the continued and growing use of natural gas as a fuel. Natural gas is a fossil fuel
with significant greenhouse emissions associated with its entire supply chain, from upstream leaking of methane to downstream combustion
in homes and buildings.<SUP>13,14</SUP>&nbsp;Thus, the Company&rsquo;s&nbsp;current lobbying activities increase risk to the global climate
and increase the risk of resulting value-destruction to investor portfolios.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">Some of the Company&rsquo;s&nbsp;documented, controversial&nbsp;lobbying
activities&nbsp;to undermine climate action are:</P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 9pt">-</FONT></TD><TD>The creation and funding of the organization C4BES that advocates&nbsp;for continued use of natural gas&nbsp;over
more economic and effective&nbsp;decarbonization&nbsp;strategies in California;<SUP>15</SUP></TD></TR></TABLE>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0">_____________________________</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>12</SUP> https://www.latimes.com/environment/story/2020-08-04/california-sued-by-nations-biggest-gas-utility-in-climate-change-dispute</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>13</SUP> https://www.nationalgeographic.com/science/article/super-potent-methane-in-atmosphere-oil-gas-drilling-ice-cores</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>14</SUP> https://www.npr.org/2021/02/22/967439914/as-cities-grapple-with-climate-change-gas-utilities-fight-to-stay-in-business</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>15</SUP> https://www.kqed.org/science/1945910/socalgas-admits-funding-front-group-in-fight-for-its-future&nbsp;</P>

<P STYLE="color: #71C267; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.25in 0pt 0">&nbsp;</P>

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Proxy Memo</B></FONT></P>
                                                <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; color: #00813B"><FONT STYLE="font-size: 10pt; color: #00813D"><B></B></FONT><FONT STYLE="font-size: 10pt; font-weight: normal">Sempra Energy | Shareholder Proposal on Climate Aligned
Lobbying</FONT></P>
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    <TD STYLE="width: 20%">&nbsp;<IMG SRC="calvert_logo.jpg" ALT=""></TD></TR>
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<P STYLE="color: #71C267; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="color: #71C267; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">-</TD><TD>Working to convince local officials in over 100 jurisdictions&nbsp;to preemptively reject&nbsp;policy to support building electrification;<SUP>16</SUP></TD></TR></TABLE>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">-</TD><TD>Using&nbsp;employees to work on advocacy and lobbying efforts and mischaracterizing their activities&nbsp;as &lsquo;education&rsquo;
in order to&nbsp;avoid complying with&nbsp;state and local lobbying reporting requirements&nbsp;and laws regarding use of ratepayer funds;<SUP>17</SUP></TD></TR></TABLE>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">-</TD><TD>Lobbying against the 2019 Assembly Bill 3232, which set a goal of cutting carbon emissions from buildings&nbsp;50% by 2030 and ensuring
all buildings&nbsp;constructed after 2030&nbsp;would&nbsp;be net-zero;<SUP>18</SUP></TD></TR></TABLE>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">-</TD><TD>Donating over $50,000 to the California Natural Gas Vehicle Coalition, $222,000 to pro-gas advocacy group&nbsp;C4BES,&nbsp;and $24,000
to a nonprofit associated with the California Restaurant Association, which sued the city of Berkeley for its building decarbonization
legislation.<SUP>19</SUP></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">Sempra&rsquo;s anti-climate lobbying actions&nbsp;are drawing large
levels of negative attention and&nbsp;scrutiny from public servants&nbsp;and civil society.&nbsp;The California PUC&rsquo;s&nbsp;Public
Advocates Office (PAO) is currently investigating&nbsp;SoCalGas&rsquo; lobbying and advocacy actions in support of natural gas and has
recommended the CPUC issue a fine of $255 million among other penalties.<SUP>20,21</SUP> U.S. Senator from&nbsp;California, Dianne Feinstein,
and U.S. Congressperson Nanette&nbsp;Barrag&aacute;n&nbsp;wrote a letter&nbsp;in October 2020&nbsp;to&nbsp;SoCalGas&nbsp;accusing it of
attempting to &ldquo;systematically undermine greenhouse gas reduction targets in California.&rdquo;<SUP>22,23</SUP> InfluenceMap, a corporate
climate lobbying watchdog, concluded that, &ldquo;[w]hile Sempra&rsquo;s top-line positions appear positive on climate&nbsp;action,&nbsp;these
do not appear consistent with its predominantly negative engagement with detailed climate policy related to the energy transition.&rdquo;<SUP>24</SUP></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">Continued misalignment of Sempra&rsquo;s lobbying with state and federal
climate policies increases both regulatory and reputational risk; which may ultimately impact the financial performance of equity and
debt securities issued by the Company.&nbsp;The nature of the regulatory environment in which a utility operates, and the regulatory relationship
that each utility has with the governing body, is an important component of value in the analysis of both equity and fixed income securities,
impacting the pricing and performance of these securities. Given the scrutiny Sempra&rsquo;s lobbying is already under, this risk may
continue to grow.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0">_____________________________</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>16</SUP> https://www.latimes.com/environment/story/2019-10-22/southern-california-gas-climate-change&nbsp;&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>17</SUP> https://www.publicadvocates.cpuc.ca.gov/general.aspx?id=4294&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>18</SUP> https://www.latimes.com/environment/story/2019-10-22/southern-california-gas-climate-change&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>19</SUP> ttps://www.latimes.com/environment/story/2020-08-04/california-sued-by-nations-biggest-gas-utility-in-climate-change-dispute&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>20</SUP> https://www.publicadvocates.cpuc.ca.gov/general.aspx?id=4294&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>21</SUP> https://earthjustice.org/sites/default/files/files/r1311005-public-advocates-office-opening-brief.pdf,
p.1</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>22</SUP> https://www.publicadvocates.cpuc.ca.gov/uploadedFiles/Content/Press_Room/SoCalGas_Investigation_Documents/14BBBA0E17B0CC700915A918F7635BDA.2020.10.29-feinstein-barragan-letter-to-socalgas.pdf&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>23</SUP> https://www.utilitydive.com/news/california-federal-legislators-press-socalgas-on-reported-efforts-to-under/588174/&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>24</SUP> https://influencemap.org/company/Sempra-Energy/projectlink/Sempra-Energy-In-Climate-Change&nbsp;</P>

<P STYLE="color: #71C267; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.25in 0pt 0">&nbsp;</P>

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Proxy Memo</B></FONT></P>
                                                <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; color: #00813B"><FONT STYLE="font-size: 10pt; color: #00813D"><B></B></FONT><FONT STYLE="font-size: 10pt; font-weight: normal">Sempra Energy | Shareholder Proposal on Climate Aligned
Lobbying</FONT></P>
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<P STYLE="color: #71C267; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 11pt"><B>2)</B></FONT></TD><TD><B>Sempra does not provide shareholders with sufficient analysis and disclosure as to whether or how its direct and indirect
lobbying activities align with the Paris Agreement, and how it plans on mitigating misalignment risks.</B></TD></TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; color: #71C267; margin: 0pt 0"></P>

<P STYLE="color: #71C267; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">Sempra does not discuss the&nbsp;high-profile,&nbsp;anti-climate, direct
lobbying activities outlined in the previous section, which seek to promote natural gas and block building electrification, leaving investors
in the dark about its assessment of, and processes regarding, critical&nbsp;lobbying activities.<SUP>25</SUP> Sempra&nbsp;also&nbsp;provides
no discussion of instances where its trade associations are lobbying to undermine cost-effective&nbsp;decarbonization&nbsp;strategies
at state or federal levels, in opposition to the Paris Agreement&rsquo;s goals. Instead, it provides limited, cherry-picked examples of
climate support that do not enable investors to understand a complete picture.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">Sempra&rsquo;s disclosures lack meaningful analysis of how anti-climate
lobbying risks&nbsp;are mitigated.&nbsp;Sempra only provides a high-level&nbsp;statement that it&nbsp;mitigates misalignment risk&nbsp;with
trade associations through &ldquo;1) education of the association staff and key members; 2) ongoing engagement with the association to
try to move consensus positions; and 3) if needed, dissenting from association positions, including not providing formal company participation
or endorsement.&rdquo;<SUP>26</SUP> This statement&nbsp;is presented&nbsp;without context or meaningful evaluation of its trade associations
such as, for example, a discussion of the degree of perceived misalignment, if any, for each association; what if any actions and next
steps it has proposed for specific associations; or whether it has set timelines or conditions for exiting specific associations, as other
companies have done.<SUP>27</SUP></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">Greater clarity on trade association alignment is key, as Sempra gives
significant material support to associations that&nbsp;have been highlighted&nbsp;as anti-climate.&nbsp;In 2019, Sempra&rsquo;s first
($994,470) and third ($400,000) largest payments to trade associations went to the American Gas Association (AGA) and United States Chamber
of Commerce, respectively.<SUP>28</SUP> AGA has been pushing against decarbonization efforts and building&nbsp;electrification, which
has been hailed as &ldquo;a lower-cost, lower-risk long-term [decarbonization] strategy compared to renewable natural gas.&rdquo; <SUP>29,30,31</SUP>
The Chamber of Commerce has been characterized by&nbsp;InfluenceMap&nbsp;as one of the most powerful trade associations working in opposition
to climate progress, including previously advocating for the U.S. to exit from the Paris Climate Agreement.<SUP>32</SUP> In Sempra&rsquo;s
CDP response, it states that its position on climate change is consistent with that of AGA and omits a discussion of the Chamber of Commerce.<SUP>33</SUP>
To&nbsp;omit and not fully clarify&nbsp;Sempra&rsquo;s&nbsp;indirect lobbying climate&nbsp;alignment,&nbsp;or lack thereof, misinforms
investors on the Company&rsquo;s lobbying alignment with the Paris goals.&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">Indeed, the SEC agreed that existing disclosures
provided by Sempra do not sufficiently address the core concerns raised in this shareholder proposal.<SUP>34</SUP></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0">_____________________________</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>25</SUP> https://www.sempra.com/sites/default/files/content/files/node-media-document/2020/Sempra_Energy_CDP_Climate_Change_Questionnaire_2020.pdf,
pp.135-138</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>26</SUP> https://www.sempra.com/investors/governance/political-engagements-contributions</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>27</SUP> https://www.shell.com/promos/sustainability/industry-association-update-april-2020/_jcr_content.stream/1586971582111/96afdef2ff0a78fc9f2106b9239655bd07beeca6/industry-associations-climate-review-update.pdf</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>28</SUP> https://www.sempra.com/sites/default/files/content/files/node-page/file-list/2020/sempra_dot_com_postings_2019_-_trade_orgs_2019.pdf&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>29</SUP> https://www.theguardian.com/environment/2020/aug/20/gas-industry-waging-war-against-climate-action&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>30</SUP> https://climateinvestigations.org/american-gas-association/&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>31</SUP> https://ww2.energy.ca.gov/2019publications/CEC-500-2019-055/CEC-500-2019-055-F.pdf,&nbsp;p.iii</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>32</SUP> https://influencemap.org/report/Trade-Groups-and-their-Carbon-Footprints-f48157cf8df3526078541070f067f6e6&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>33</SUP> https://www.sempra.com/sites/default/files/content/files/node-media-document/2020/Sempra_Energy_CDP_Climate_Change_Questionnaire_2020.pdf&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>34</SUP> https://www.sec.gov/divisions/corpfin/cf-noaction/14a-8/shareholder-proposal-no-action-responses.htm</P>

<P STYLE="color: #71C267; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.25in 0pt 0">&nbsp;</P>

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    <TD STYLE="text-align: left; white-space: nowrap; width: 9%; vertical-align: bottom"><IMG SRC="asyousowlogo.jpg" ALT=""><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></TD>
    <TD STYLE="text-align: left; white-space: nowrap; width: 71%; vertical-align: bottom"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 9pt; color: rgb(0,129,61)"><B>2021
Proxy Memo</B></FONT></P>
                                                <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; color: #00813B"><FONT STYLE="font-size: 10pt; color: #00813D"><B></B></FONT><FONT STYLE="font-size: 10pt; font-weight: normal">Sempra Energy | Shareholder Proposal on Climate Aligned
Lobbying</FONT></P>
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    <TD STYLE="width: 20%">&nbsp;<IMG SRC="calvert_logo.jpg" ALT=""></TD></TR>
</TABLE>
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<P STYLE="color: #71C267; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><B>3)</B></TD><TD><B>Sempra Energy compares poorly to peers in the climate alignment of its business and lobbying activities.</B></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">The&nbsp;Company&rsquo;s&nbsp;lobbying activities and&nbsp;narrative
in&nbsp;defense of them&nbsp;also&nbsp;stands out in contrast&nbsp;to&nbsp;power and gas utility peers&nbsp;that have taken&nbsp;a&nbsp;clearer&nbsp;stand
to align with the clean energy transition and in support of climate policy.&nbsp;For example, peer utilities&nbsp;in California are coming
out in support of building electrification and electrification policy. Southern California Edison states on its website that all-electric
homes are &ldquo;integral to fighting climate change&rdquo; and that such homes can reduce emissions by 60% by 2030 and 90% by 2050.<SUP>35</SUP>
PG&amp;E of northern California expressed support for an update to California&rsquo;s 2022 building code to promote all-electric construction,&nbsp;stating
that it &ldquo;welcomes the opportunity to avoid investments in new gas assets that might later prove underutilized as local governments
and the state work together to realize long-term&nbsp;decarbonization&nbsp;objectives.&rdquo;<SUP>36</SUP> Sacramento Municipal Utility
District&nbsp;states that California&rsquo;s buildings represent about 25% of the state&rsquo;s total GHG emissions and that building
electrification is an important strategy to reduce GHGs.<SUP>37</SUP> In addition, close to 70 large companies&nbsp;are expressing support
for electrification&nbsp;policy, positioning Sempra at odds with large energy customers in California.<SUP>38</SUP></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">Media coverage of utility stances on electrification and natural gas
is increasing,<SUP>39,40</SUP> so public scrutiny of Sempra&rsquo;s problematic stance, and ensuing reputational damage, is likely to
increase.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">Additionally, other carbon-intensive impact companies are beginning
to provide much more comprehensive, useful disclosures in response to investor requests for Paris-aligned lobbying reporting. For example,
Total, BP, and Equinor have produced reports evaluating the positions their trade associations take on climate
change.<SUP>41</SUP></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>
<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: bold 9pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 9pt; background-color: #B8CCE4"><FONT STYLE="font-size: 13pt">RESPONSE
TO SEMPRA ENERGY BOARD OF DIRECTORS&rsquo; STATEMENT IN OPPOSITION</FONT></P>

<P STYLE="font: bold 9pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 9pt; background-color: #B8CCE4"></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">Sempra Energy&rsquo;s Opposition Statement argues that its existing
lobbying disclosures provide all material information needed by investors &ldquo;to understand and evaluate the extent and scope of its
lobbying activities relating to sustainability and global warming.&rdquo; The Company further argues that it has demonstrated ongoing
commitment to &ldquo;fighting global warming.&rdquo; While Sempra does have some basic lobbying disclosures, it falls far short of the
requested climate-related, comprehensive reporting sought by this proposal. Sempra does not list or explain its well-documented, major
anti-climate direct lobbying efforts and scandals; it does not comprehensively list, discuss, or evaluate its indirect anti-climate lobbying
through trade associations; and it does not provide a comprehensive strategy or steps to address its clear climate lobbying misalignment
risk.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0">_____________________________</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>35</SUP> https://www.edison.com/home/innovation/building-electrification.html&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>36</SUP> https://www.utilitydive.com/news/a-critical-milestone-pge-first-gas-electric-iou-to-publicly-support-cal/580598/&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>37</SUP> https://www.smud.org/en/Business-Solutions-and-Rebates/Business-Rebates/Multi-Family-go-electric-incentives/Benefits-of-electrification&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>38</SUP> &nbsp;https://efiling.energy.ca.gov/Lists/DocketLog.aspx?docketnumber=19-BSTD-03&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>39</SUP> https://www.npr.org/2021/02/22/967439914/as-cities-grapple-with-climate-change-gas-utilities-fight-to-stay-in-business</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>40</SUP> https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/no-one-is-insulated-gas-utility-group-issues-warning-on-electrification-61239315</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>41</SUP> https://www.ceres.org/news-center/press-releases/major-us-investors-call-largest-corporate-emitters-disclose-how-their</P>


<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"></FONT></P>

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<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="text-align: left; white-space: nowrap; width: 9%; vertical-align: bottom"><IMG SRC="asyousowlogo.jpg" ALT=""><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></TD>
    <TD STYLE="text-align: left; white-space: nowrap; width: 71%; vertical-align: bottom"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 9pt; color: rgb(0,129,61)"><B>2021
Proxy Memo</B></FONT></P>
                                                <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; color: #00813B"><FONT STYLE="font-size: 10pt; color: #00813D"><B></B></FONT><FONT STYLE="font-size: 10pt; font-weight: normal">Sempra Energy | Shareholder Proposal on Climate Aligned
Lobbying</FONT></P>
                                                <P STYLE="margin-top: 0; margin-bottom: 0"></P></TD>
    <TD STYLE="width: 20%">&nbsp;<IMG SRC="calvert_logo.jpg" ALT=""></TD></TR>
</TABLE>
<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"></FONT></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"></P>



<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">Ultimately, Sempra&rsquo;s claim that its current direct lobbying activities
do align with the goals of the Paris Agreement, and as such, fulfill the request of the proposal, is alarmingly misleading and false.
Sempra&rsquo;s concerted ongoing efforts against climate policy and regulation considered cost-effective and necessary to reach net-zero
emissions has drawn negative attention to the point that federal legislators have sent public letters condemning Sempra&rsquo;s efforts
to undermine California&rsquo;s climate strategy.<SUP>42</SUP> While Sempra points to its efforts to use hydrogen and renewable natural
gas, the expected role such technologies might play in achieving net-zero emissions is uncertain given well-acknowledged limitations such
as cost and supply.<SUP>43</SUP> Mentioning these efforts does not address the request of the proposal for better transparency on alignment
of lobbying activities with the Paris 1.5 degree goal.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">Sempra lacks a long-term, enterprise-wide climate plan and is lagging
far behind what would constitute alignment with the Paris Agreement or the climate goals of California, where much of its emissions-heavy
business is conducted. In fact, contrary to peers&rsquo; downward emission trajectories, Sempra has disclosed that its business strategy
is leading to growth in its emissions.<SUP>44</SUP> The Company&rsquo;s largest source of climate impact, namely emissions from customer
use of burning natural gas, remains entirely unaddressed. Actions demonstrated and described by the Company do not exhibit a commitment
to &ldquo;fighting global warming.&rdquo;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">Climate change is a crucial material risk exposure for investors. It
requires Sempra to fully inform investors about the Company&rsquo;s climate lobbying strategy, both direct and indirect, and what its
strategy is to ensure that related activities are truly in line with the Paris Agreement&rsquo;s goals. Shareholders here ask that Sempra
appropriately assess and disclose how its current direct and indirect lobbying aligns with the Paris Climate Agreement and describe its
strategy for addressing misalignment, which has already caused reputational risk and public scandal for the Company. Current disclosures
indicate that Sempra is falling far short of shareholders&rsquo; request.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: bold 13pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 9pt; background-color: #B8CCE4">CONCLUSION</P>

<P STYLE="font: bold 13pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 9pt; background-color: #B8CCE4"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Vote &ldquo;Yes&rdquo; on this Shareholder Proposal seeking information
on if, and how, Sempra&rsquo;s direct and indirect lobbying activities align with the Paris Agreement and plans to mitigate risks from
misalignment.</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">Sempra is documented publicly using direct and indirect lobbying that
misaligns with its stated climate goals and with the goals of the Paris Agreement. This lobbying slows decarbonization efforts and locks
in carbon emitting infrastructure for decades beyond the timeline necessary to achieve climate stabilization as outlined in the Paris
Agreement&rsquo;s goals. Will Sempra change its lobbying efforts to avoid acting as a barrier to effective climate policy, or continue
to create risk, misalignment, and public scandals with its opposition? Investors seek answers and clarity.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0">_____________________________</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>42</SUP> https://www.utilitydive.com/news/california-federal-legislators-press-socalgas-on-reported-efforts-to-under/588174/</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>43</SUP> https://ww2.energy.ca.gov/2019publications/CEC-500-2019-055/CEC-500-2019-055-F.pdf</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>44</SUP> &nbsp;https://www.sempra.com/sites/default/files/content/files/node-media-document/2019/2019-sempra-corporate-sustainability-report.pdf,
p.36</P>

<P STYLE="color: #71C267; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.25in 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; color: #71C267; margin: 0pt 0.25in 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.25in 0pt 0; color: #71C267">&nbsp;</P>

<P STYLE="color: #71C267; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.25in 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="text-align: left; white-space: nowrap; width: 9%; vertical-align: bottom"><IMG SRC="asyousowlogo.jpg" ALT=""><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></TD>
    <TD STYLE="text-align: left; white-space: nowrap; width: 71%; vertical-align: bottom"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 9pt; color: rgb(0,129,61)"><B>2021
Proxy Memo</B></FONT></P>
                                                <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; color: #00813B"><FONT STYLE="font-size: 10pt; color: #00813D"><B></B></FONT><FONT STYLE="font-size: 10pt; font-weight: normal">Sempra Energy | Shareholder Proposal on Climate Aligned
Lobbying</FONT></P>
                                                <P STYLE="margin-top: 0; margin-bottom: 0"></P></TD>
    <TD STYLE="width: 20%">&nbsp;<IMG SRC="calvert_logo.jpg" ALT=""></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; color: #71C267; margin: 0pt 0.25in 0pt 0"></P>

<P STYLE="color: #71C267; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">Shareholders urge strong support for this proposal, which will bring
increased transparency about the Company&rsquo;s intentions to either help or hinder the global challenge of averting a climate catastrophe
that could wreak havoc on investment portfolios and the global economy. We believe that every company in which we invest, as a matter
of necessary risk oversight and effective corporate governance, must disclose climate-related risk exposures and align their lobbying
and political spending activities with the net-zero transition.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>--</I></B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><I>For questions, please contact Lila Holzman, As You Sow, lholzman@asyousow.org
or Kimberly Stokes, Calvert Research and Management, kstokes@calvert.com</I></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><I>&nbsp;</I></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">THE FOREGOING INFORMATION MAY BE DISSEMINATED TO SHAREHOLDERS VIA TELEPHONE,
U.S. MAIL, E-MAIL, CERTAIN WEBSITES AND CERTAIN SOCIAL MEDIA VENUES, AND SHOULD NOT BE CONSTRUED AS INVESTMENT ADVICE OR AS A SOLICITATION
OF AUTHORITY TO VOTE YOUR PROXY. THE COST OF DISSEMINATING THE FOREGOING INFORMATION TO SHAREHOLDERS IS BEING BORNE ENTIRELY BY ONE OR
MORE OF THE CO-FILERS. PROXY CARDS WILL NOT BE ACCEPTED BY ANY CO-FILER. PLEASE DO NOT SEND YOUR PROXY TO ANY CO-FILER. TO VOTE YOUR PROXY,
PLEASE FOLLOW THE INSTRUCTIONS ON YOUR PROXY CARD<I>.</I></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0; text-align: right">8</P>

<P STYLE="margin: 0"></P>

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
