SAN DIEGO, — Sempra Energy has been recognized by Fortune magazine as one of the “World’s Most Admired Companies” for 2018.
Sempra Energy ranked third in the Electric and Gas Utilities category.
“We’re honored to be recognized as one of Fortune’s ‘Most Admired Companies,’ particularly this year as we celebrate Sempra Energy’s 20th anniversary,” said Debra L. Reed, chairman, president and CEO of Sempra Energy. “The attributes measured in this survey – such as attracting and retaining talent, financial soundness and social responsibility – are critical ingredients in our formula for long-term success.”
Fortune works with Korn Ferry Hay Group, a global management consulting firm, to select companies with the strongest reputations for the annual “World’s Most Admired Companies” list. Korn Ferry Hay Group surveys financial analysts, and senior executives and directors from 680 companies, across 29 countries and 52 industries.
Companies are ranked on the following attributes: ability to attract and retain talent, quality of management, social responsibility, innovativeness, quality of products or services, wise use of corporate assets, financial soundness, long-term investment value and effectiveness in doing business globally.
To be considered, companies must have minimum annual revenues of approximately $10 billion and rank among the revenue leaders in their specific industry.
Late last year, the Wall Street Journal recognized Sempra Energy as the top company in the utilities sector in the Journal’s first “Management Top 250” ranking, a new report that examines the overall effectiveness of U.S. businesses, and Thomson Reuters, the multinational mass media firm, named Sempra Energy a “2017 Top 100 Global Energy Leader.”
Sempra Energy includes San Diego Gas & Electric, Southern California Gas Co., Sempra South American Utilities, Sempra Mexico, Sempra Renewables and Sempra LNG & Midstream.
Sempra Energy, based in San Diego, is a Fortune 500 energy services holding company with 2016 revenues of more than $10 billion. The Sempra Energy companies’ more than 16,000 employees serve approximately 32 million consumers worldwide.