Climate Change Data

NextEra Energy, Inc.

Climate Impact & Sustainability Data (2020, 2021-2022)

Reporting Period: 2020

Environmental Metrics

Total Carbon Emissions:47,328,818 tons CO2e
Scope 1 Emissions:43,311,568 MT CO2e
Scope 2 Emissions:29,653 MT CO2e
Scope 3 Emissions:6,017 MT CO2e
Renewable Energy Share:98%
Water Consumption:7,689,112 thousand cubic meters
Waste Generated:0.8 tons of hazardous waste
Carbon Intensity:438 lbs CO2 per MWh in 2020

ESG Focus Areas

  • Climate Change
  • Diversity
  • Governance
  • Safety
  • Customer Value
  • Renewable Energy
  • Community Engagement
  • Economic Development
  • Human Rights

Environmental Achievements

  • Reduced CO2 emissions rate by 56.6% from 2005 to 2020.
  • Achieved a CO2 emissions rate 47% lower than the U.S. electric power sector average in 2020.
  • Completed the accelerated shutdown of coal units at the Gulf Clean Energy Center and retired FPL’s Indiantown Cogeneration facility, resulting in no coal-fired power plants in Florida for the first time in nearly 70 years.
  • Avoided the use of more than 16 billion gallons of water in 2020 through investments in water-free wind and PV solar energy.
  • Reduced hazardous waste generation to maintain the status of a Very Small Quantity Generator.

Social Achievements

  • Maintained a voluntary turnover rate of 3.4% in 2020.
  • Achieved best-ever safety performances in 2020 across NextEra Energy, FPL, and Gulf Power.
  • Contributed more than $19 million to support community initiatives and causes in 2020.
  • Committed more than $5 million in emergency assistance funds in response to the COVID-19 pandemic.
  • Launched FPL SolarTogether, the largest community solar program in the U.S.

Governance Achievements

  • Senior executive compensation is tied directly to performance that drives long-term shareholder value, including goals tied to sustainability since 2001.
  • Enhanced Political Engagement Policy with formalized oversight of political expenditures and disclosures by the board’s governance and nominating committee.
  • Increased disclosure of political contributions and expenditures on the company website.

Climate Goals & Targets

Long-term Goals:
  • Achieve a 100% carbon-free electricity grid in the U.S. by 2050 (based on scenario analysis).
Medium-term Goals:
  • Install 30 million solar panels in Florida by 2030.
  • Achieve more than 11,700 MW of installed solar capacity on FPL’s system by 2030.
  • Deploy approximately 700 MW of additional battery storage, for a total of 1,200 MW by 2030.
Short-term Goals:
  • Reduce CO2 emissions rate 67% by 2025 from an adjusted 2005 baseline.

Environmental Challenges

  • More frequent and severe storms, flooding, and sea-level rise due to climate change.
  • Potential for new federal or state laws or regulations imposing new greenhouse gas emission limits or a price on CO2 emissions.
  • Cybersecurity threats.
  • Maintaining a safe working environment.
Mitigation Strategies
  • Significant investments in strengthening the energy grid to improve reliability and resiliency.
  • Incorporating CO2 cost projections into FPL’s integrated resource planning and annual Ten-Year Site Plan filing since 2007.
  • Comprehensive cybersecurity monitoring program and employee training.
  • Leveraging safety committees and an Executive Safety Council to address work-related injury risks.

Supply Chain Management

Responsible Procurement
  • Supplier Code of Conduct and Ethics

Climate-Related Risks & Opportunities

Physical Risks
  • More frequent and severe storms
  • Flooding
  • Sea-level rise
Transition Risks
  • Changes in regulation
  • Changes in technology
Opportunities
  • Growth in renewable energy market

Reporting Standards

Frameworks Used: SASB, TCFD, GRI, UN SDGs, EEI ESG/Sustainability template

Third-party Assurance: Cameron-Cole, LLC (Limited Assurance)

UN Sustainable Development Goals

  • 7 (Affordable and Clean Energy)
  • 9 (Industry, Innovation, and Infrastructure)
  • 13 (Climate Action)

NextEra Energy's business strategy directly aligns with these SDGs through investments in clean energy, infrastructure, and emissions reduction initiatives.

Sustainable Products & Innovation

  • FPL SolarTogether
  • Green hydrogen pilot project

Awards & Recognition

  • Fortune magazine’s World’s Most Admired Companies (No. 1 in electric and gas utilities industry)
  • Forbes magazine’s America’s Best Employers
  • Forbes magazine’s America’s Best Employers for Diversity
  • TIME100 Most Influential Companies
  • World’s Most Ethical Companies™ by the Ethisphere Institute
  • S&P Global Platts Energy Transition Award
  • Highest ESG rating of AAA from MSCI Inc.
  • HIRE Vets Platinum Medallion Award
  • ReliabilityOne™ National Reliability Award (FPL)

Reporting Period: 2021-2022

Environmental Metrics

Total Carbon Emissions:42,288,462 tCO2e/year (2021)
Scope 1 Emissions:43,027,155 tCO2e/year (2021)
Scope 2 Emissions:35,073 tCO2e/year (2021)
Scope 3 Emissions:2,392,318 tCO2e/year (2021)
Water Consumption:7,339,262 thousand cubic meters/year (2021)
Carbon Intensity:422 lbs CO2 per MWh (2021)

ESG Focus Areas

  • Climate Change
  • Diversity, Equity and Inclusion
  • Governance
  • Community Engagement
  • Safety

Environmental Achievements

  • Reduced CO2 emissions rate by 58% from an adjusted 2005 baseline by 2021.
  • Avoided the use of more than 20 billion gallons of water in 2021 through investments in water-free wind and PV solar energy.
  • Permanently closed approximately 2,133 MW of coal generation since 2015.
  • Achieved 50% completion of the 30 million solar panel installation plan by April 2022 (five years ahead of schedule).

Social Achievements

  • 85% improvement in safety performance since 2003.
  • Launched FPL SolarTogether, the largest community solar program in the U.S.
  • Contributed more than 39,000 volunteer hours in 2021 through the Power to Care program.
  • Improved service reliability by nearly 45% since 2011 (nearly 60% in Northwest Florida since 2019).

Governance Achievements

  • Established a diversity and inclusion goal for leaders in 2022.
  • Senior executive compensation is tied directly to performance that drives long-term shareholder value, including sustainability goals since 2001.
  • Board oversight of climate-related risks and opportunities.
  • Comprehensive cybersecurity monitoring program.

Climate Goals & Targets

Long-term Goals:
  • Achieve Real Zero carbon emissions by no later than 2045.
Medium-term Goals:
  • Reduce CO2 emissions rate by 82% by 2030 from a 2005 baseline.
  • Install 12,626 MW of solar in Florida by 2031.
Short-term Goals:
  • Reduce CO2 emissions rate by 70% by 2025 from an adjusted 2005 baseline.
  • Complete installation of 30 million solar panels by 2025.

Environmental Challenges

  • More frequent and severe storms, flooding, and sea-level rise due to climate change.
  • Supply chain disruptions.
  • Maintaining a safe working environment and preventing safety incidents.
  • Attracting and retaining a diverse workforce.
Mitigation Strategies
  • Significant investments in strengthening the energy grid to improve reliability and resiliency.
  • Developing alternative sourcing strategies.
  • Leveraging safety committees and an Executive Safety Council.
  • Implementing a robust talent management process and diversity and inclusion initiatives.

Supply Chain Management

Responsible Procurement
  • Supplier Code of Conduct and Ethics
  • Requirements for solar supplies to be manufactured outside of Xinjiang and without forced labor.

Climate-Related Risks & Opportunities

Physical Risks
  • More frequent and severe storms
  • Flooding
  • Sea-level rise
Transition Risks
  • Changes in governmental incentives or policies
  • Increased compliance costs
Opportunities
  • Increased demand for renewable energy products and services

Reporting Standards

Frameworks Used: SASB, TCFD, EEI ESG/Sustainability template, UN SDGs

Certifications: ISO 14064-3:2006(E)

Third-party Assurance: Cameron-Cole, LLC (Limited Assurance)

UN Sustainable Development Goals

  • SDG 7 (Affordable and Clean Energy)
  • SDG 9 (Industry, Innovation, and Infrastructure)
  • SDG 13 (Climate Action)
  • SDG 14 (Life Below Water)
  • SDG 15 (Life On Land)

NextEra Energy's business strategy and initiatives directly contribute to these SDGs.

Sustainable Products & Innovation

  • Green hydrogen
  • Battery energy storage
  • Smart grid technology

Awards & Recognition

  • Fortune's list of 'Most Admired Companies'
  • Newsweek's list of America's Most Responsible Companies
  • Forbes' list of America's Best Employers
  • Business Group on Health's Best Employers Award
  • U.S. Department of Labor's HIRE Vets Platinum Medallion award
  • Fortune's list of companies that 'Change the World'
  • TIME's 100 Most Influential Companies
  • ReliabilityOne® National Reliability Excellence Award (FPL)
  • J.D. Power's Electric Utility Customer Satisfaction Study (FPL)