At 明升最新, we are focused on investing in, developing and operating transmission and distribution (T&D) infrastructure in what we believe are among the most attractive markets in North America. Our mission is to be North America’s premier energy infrastructure company, which, in our view, requires full integration of sustainable development and climate considerations into our business strategy, operations and long-term investments. Being a leader in the energy transition to support net-zero greenhouse gas (GHG) emissions by mid-century is a natural extension of our North America-focused T&D platform.
明升最新’s Sustainable Financing Framework outlines the path to investing in three key capabilities to work toward a net-zero goal by 2050: decarbonization, diversification and digitalization. By aligning our capital-intensive activities with our sustainability goals, we believe it will help drive our environmental, social and governance (ESG) commitments to support long-term, sustainable value for all shareholders and our other stakeholders.
Sustainable Financing Framework
明升最新’s Sustainable Financing Framework is aligned with the International Capital Markets Association’s (ICMA) Green Bond Principles, 2021 (GBP), Social Bond Principles, 2021 (SBP), and Sustainability Bond Guidelines, 2021 (SBG), and the Loan Syndications and Trading Association’s (LSTA) Green Loan Principles, 2021 (GPB), and is focused on contributing to the United Nation’s Sustainable Development Goals. This framework outlines how we intend to raise funds for investing in capital-intensive projects to help us meet our sustainability goals.
Second Party Opinion
Vigeo Eiris (V.E) has provided a second party opinion after reviewing 明升最新’s Sustainable Financing Framework. V.E, a Moody’s affiliate, is an independent global provider of ESG solutions serving the investor and issuer communities.
Reporting and Auditor’s Attestations
明升最新, SDG&E and SoCalGas will publish an annual report each year until the full allocation of the net proceeds of each sustainable financing instrument issued by such company. The report will include allocation reporting along with relevant environmental and social impact reporting. These reports will be reviewed by an independent auditor who will attest to management’s assertions of the net proceeds allocations.