NextEra Energy, Inc.
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:41,985,979 tCO2e/year (2022)
Scope 1 Emissions:41,985,979 tCO2e/year (2022)
Scope 2 Emissions:28,415 tCO2e/year (2022)
Scope 3 Emissions:3,106,396 tCO2e/year (2022)
Water Consumption:7,941,878 thousand cubic meters/year (2022)
Carbon Intensity:390 pounds CO2 per MWh (2022)
ESG Focus Areas
- Climate Change
- Diversity & Inclusion
- Governance
- Environmental Stewardship
- Community Relations
- Employee Well-being
- Safety
Environmental Achievements
- 61% reduction in CO2 emissions rate since 2005
- 27% reduction in absolute CO2 tons emitted since 2005
- 88% increase in clean generation since 2005
- FPL no longer operates coal-fired generation in Florida
- Avoided the use of more than 21 billion gallons of water in 2022 through investments in water-free wind and solar energy.
- Recycled nearly 57 million pounds of scrap wire and metal in 2022
Social Achievements
- 86% improvement in safety performance between 2003 and 2022
- Largest class ever in NEXT summer intern program in 2023 (280+ interns)
- Donated more than $12 million to more than 400 organizations in 2022 through the NextEra Energy Foundation
- NextEra Energy employees contributed more than 46,000 hours to their local communities through company-sponsored projects and personal volunteer time in 2022.
- PoweringFlorida™ helped establish 26 economic development projects in FPL’s service territory in 2022, resulting in 3,430 projected new jobs
Governance Achievements
- 12 of 13 directors are independent (as of Sept 2023)
- 5 of 13 directors are women (as of Sept 2023)
- Executive compensation linked to ESG performance since 2001
Climate Goals & Targets
Long-term Goals:
- Real Zero carbon emissions by no later than 2045
Medium-term Goals:
- Achieve 70% reduction in CO2 rate by 2025
Short-term Goals:
- Reduce CO2 emissions rate by 82% by 2030 from a 2005 baseline
- Install 19,966 MW of solar in Florida from 2023-2032
Environmental Challenges
- More frequent and severe storms and flooding
- Sea level rise
- Cybersecurity threats
- Supply chain disruptions
- Maintaining high employee engagement scores
Mitigation Strategies
- Investing in a stronger, smarter, and more resilient energy grid
- Hardening and undergrounding power lines
- Deploying smart grid technology and intelligent devices
- Comprehensive cybersecurity monitoring program and employee training
- Developing alternative sourcing strategies
- Improving benefit offerings and proactively improving the employee work experience
Supply Chain Management
Responsible Procurement
- Supplier Code of Conduct and Ethics
- Requirements for solar panel and battery supplies to be manufactured without forced labor
Climate-Related Risks & Opportunities
Physical Risks
- Hurricanes
- Flooding
- Sea level rise
- Extreme weather events
Transition Risks
- Changes in regulations
- Changes in technology
- Market shifts
Opportunities
- Increased demand for renewable energy
- Development of energy-efficient products and services
Reporting Standards
Frameworks Used: SASB, TCFD, EEI ESG/Sustainability template, UN SDGs
Certifications: ISO 14064-3:2019(E)
Third-party Assurance: Cameron-Cole, LLC
UN Sustainable Development Goals
- 7 (Affordable and Clean Energy)
- 9 (Industry, Innovation, and Infrastructure)
- 13 (Climate Action)
- 14 (Life Below Water)
- 15 (Life On Land)
NextEra Energy's business strategy directly aligns with SDGs 7, 9, and 13, and contributes significantly to SDGs 14 and 15.
Sustainable Products & Innovation
- Clean hydrogen pilot project (Cavendish NextGen Hydrogen Hub)
Awards & Recognition
- Fortune's Most Admired Companies
- Newsweek's America's Most Responsible Companies
- Forbes' Best Employers for Diversity
- Business Group on Health's Best Employers Award
- U.S. Department of Labor's HIRE Vets Platinum Medallion award
- EEI Emergency Response Award
- J.D. Power's Electric Utility Customer Satisfaction Study