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NextEra Energy is a publicly listed electric utility headquartered in Juno Beach, Florida, United States. It carries out its business through two principal subsidiaries, the low-carbon NextEra Energy Resources and Florida Power & Light Company that mainly relies on gas power generation but is also expanding solar and nuclear generation. The company has 5.9 million customer accounts.
Summary
NextEra Energy discloses information on certain topics related to urban sustainability but is lacking disclosure on many important topics. The company reports annually on its scope 1, 2 and 3 greenhouse gas emissions, as well as energy efficiency and water withdrawal parameters. It also discloses its disaster recovery and response efforts, including flood control structures and using technology to monitor and prepare for storms, cyber events, oil spills or pandemics. However, the company is recommended to disclose its overall approach to sustainability, including its materiality assessment and sustainability strategy, which are crucial for building transparency and trust in the company’s management of risk.
NextEra discloses its efforts to improve energy affordability by keeping customer bills among the lowest in Florida, and providing financial support and suspending disconnections during crises. However, it can report on programme outcomes, such as the number of beneficiaries, to gauge the impact of its affordability efforts. While the company has a publicly available policy commitment to protect the health and safety of workers, it can strengthen its overall commitment towards human and labour rights and disclose its process for identifying, assessing and mitigating its salient human rights risks.
Ranking position
#119
/300
Total score
13.9
/100
Measurement area
Score
Rank (0-300)
Measurement area
Governance & Strategy
Score
# 1
4.2
/100
Rank (0-300)
#153
Measurement area
Inclusive Cities
Score
# 1
24.2
/100
Rank (0-300)
#89
Measurement area
Healthy Cities
Score
# 1
5.6
/100
Rank (0-300)
#133
Measurement area
Climate Proof & Resilient Cities
Score
# 1
21.7
/100
Rank (0-300)
#42
Measurement area
Core Social Indicators
Score
# 1
13.9
/100
Rank (0-300)
#127
Industries
Industries
Energy distribution
#28
More about the company
Headquarters
United States of America
Ownership structure
Public
Revenue
USD 20,956 billion (2022)
Number of employees
9300 (2022)
Website
https://www.nexteraenergy.com
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