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common stock to the IEnova shareholders Sempra Energy’s non-utility infrastructure ENERGY TRANSITION
who participated in the exchange offer. Upon investments under one self-funding platform,
the settlement of the exchange offer, which is Sempra Infrastructure, combining the Frontera Energy releases its
expected to occur on May 28, 2021, Sempra strengths of Sempra LNG, a leading developer
Energy’s ownership interest in IEnova will be of liquefied natural gas (LNG) export 2020 Sustainability Report
96.4%. Sempra Energy achieved its target of infrastructure, and IEnova, one of the largest
exceeding 95% ownership of IEnova through private energy companies in Mexico and a Frontera Energy today released its 2020
the exchange offer. Accordingly, Sempra leading developer and operator of renewables Sustainability Report and reaffirmed its
Energy is one step closer to achieving its goal and natural gas infrastructure in that country. commitment to develop new visions for
of acquiring the remaining 3.6% interest. Also In April, Sempra Energy announced that it environmental, social and governance (ESG)
on May 28, 2021, Sempra Energy’s common has entered into a definitive agreement to sell approaches across its business.
stock will begin to trade on the Mexican a non-controlling, 20% interest in Sempra Orlando Cabrales, chief executive officer,
Stock Exchange (Bolsa Mexicana de Valores, Infrastructure to KKR for $3.37 billion in Frontera commented: “Frontera’s 2020
“BMV”), and will continue to trade on the cash, subject to adjustments. Sustainability Report highlights the progress
New York Stock Exchange. SEMPRA ENERGY, May 25, 2021 the company made over the last year to
“We could not be more excited about our act consistently and transparently, to offer
successful exchange offer and the prospect S&P Global Ratings quality employment, to promote a sustainable
of listing our company’s shares on the BMV. supply chain, to contribute to the sustainable
Many of Mexico’s most successful companies downgrades Ecopetrol development of communities and to work
are listed there,” said Jeffrey W. Martin, in harmony with the environment. The
chairman and CEO of Sempra Energy. “This rating following the same Sustainability Report is a relevant tool for our
is an important step forward in advancing stakeholders to track the company’s progress
our Sempra Infrastructure platform, which rating action on Colombia’s towards achieving its ESG goals.”
we expect will create scale, unlock portfolio Frontera’s Sustainability Report covers the
synergies, highlight value and better position sovereign rating period from January 1, 2020 to December
the business for growth.” 31, 2020. The Sustainability Report has been
“Today’s announcement advances our Ecopetrol informs that, in line with the prepared in accordance with the Global
financial strength as part of the Sempra downgrade of the rating of the Republic of Reporting Initiative and is also aligned with
Infrastructure platform and bolsters our Colombia , the rating agency S&P Global the Sustainable Accounting Standards Board
commitment to investing in the energy Ratings downgraded the company’s credit (SASB), Task Force on Climate-related
infrastructure needed to support Mexico’s rating from BBB- (negative outlook) to BB+ Financial Disclosures, the Global Compact,
economic growth and overall success for (stable outlook). the Voluntary Principles on Human Rights
many years to come,” said Tania Ortiz, CEO S&P Global Ratings maintained Ecopetrol’s and Security, and the UN Sustainable
of IEnova. Stand-Alone rating (without incorporating Development Goals.
The exchange offer is part of a series government support) at bbb-. FRONTERA ENERGY, May 26, 2021
of transactions originally announced in ECOPETROL, May 21, 2021
December 2020 that are intended to simplify

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