Nextera Energy Inc.

"NextEra Energy Inc. has set a net zero target to be completely carbon emissions-free by no later than 2045. Net Zero Tracker
This target covers carbon dioxide and other greenhouse gases, specifically focusing on scope 1 emissions. Net Zero Tracker
The company also has an interim target of reducing emissions by 70% relative to 2005 emissions by 2025. Net Zero Tracker
An interesting fact about their environmental policy is that they do not plan to use carbon removal within their target boundary, instead focusing on measures such as switching to electric vehicles and installing solar PV installations. Net Zero Tracker …"

Current Score (vs. LY)

47.3 pts (2.5)

Last Update: Dec. 12, 2023

Current Rankings

Global: #80

S&P100: #55

Utilities: #2

80.0%

Transparency

Quality of climate reporting based on public disclosures, completeness and verification of GHG emissions

52.1%

Commitments

Level of ambition through gross absolute emissions reduction and 'net zero' targets

8.3%

Results

Results and actions to deliver on commitments for real

Greenhouse Gas Emissions

Last 3 Years Emissions Data Summary

Y2021Y2020Y2019
Scope 1 43,027,15543,311,56845,645,691
Scope 2 - location-based 17,20114,5390
Scope 2 - market-based 17,87215,1140
Scope 1-2 - location-based 43,044,35643,326,10745,645,691
Scope 1-2 - market-based 43,045,027 43,326,682 NA
Scope 3 2,392,3182,178,1770
Total - location-based 45,436,67445,504,28445,645,691
Total - market-based 43,045,027 43,332,699 NA

Note: Data sources detailed here

Y2022 Y2021
Total CO2e estimate (by Net0Tracker) 136,808,787109,395,597
Methodology Pre-calculated sector intensity (revenue)Pre-calculated sector intensity (revenue)

Carbon emissions are estimated according to comparable years, intensity and sector benchmarks

Performance vs. Target

Note: Targets without baseline are ignored. In case several targets exist, only the shorter-term target is displayed.


Value Chain (scope 3) Emissions by Category

Emissions Trajectory (Full Scopes)



Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Sector Benchmark

Note: Latest GHG and revenue data (based on tradingview.com) are used to calculate GHG emissions intensity by sector. The color scale of each bubble depends on the GHG intensity (GHG emissions per 1 million USD revenue). Sectors follow the Global Industry Classification Standard (GICS) that organize companies based on their primary business activities. The 11 sectors are : Information Technology, Health Care, Financials, Consumer Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and Materials.

Nextera Energy Inc. belongs to the sector Utilities.

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Reduction and Net Zero Targets

>Note: intensity targets are not represented in the current version - see Methodology

Gross Absolute Emission Reductions

Scope Reduction Objectives Base Year Target Year Comments
S1S2MKT 40.0 2005 2025
S1S2S3MKT 100.0 2021 2045

Net Absolute Emission Reductions

There is no absolute emission reduction recorded in our database. Email us to report missing information Email


Net Zero Future Commitments

Scope Scope 3 Coverage Target Year Comments
S1S2S3MKT FULL 2045

Science-based Targets (SBTI)

There is no Science-Based target recorded in our database. Email us to report missing information Email

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Offsets

Last update for NextEra Energy by zerotracker.net: Aug. 21, 2023
Planning to use external offset credits Not Specified
Separate targets for emission reductions and removals No
Conditions on use of offset credits None
Plans for carbon dioxide removal (CDR) No

Additional notes: "We intend to decarbonize our own business, beginning with our goal torch Real Zero Emissions, without the need for carbon offsets, by no later than 2045 " - https://www.nexteraenergy.com/content/dam/nee/us/en/pdf/NextEraEnergyZeroCarbonBlueprint.pdf

Data source from zerotracker.net - For more information, see methodology

Score Summary

Ref Principle Score
(points) 		Max
(points) 		Delta
(points)
1 At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified 10.0 10.0 0.0
2 Scope 3 emissions are fully reported and externally-verified 5.0 10.0 0.0
3 CDP score demonstrates the level of transparent disclosures 9.0 10.0 0.0
Transparency 24.0 30.0 0.0
4 Net Zero Commitments by 2050 include an intermediate target and cover all the emissions 10.0 10.0 0.0
5 Net Zero targets demonstrate a high-level of emergency 1.6666666666666663 10.0 0.0
6 Emission reduction targets on a forward-looking basis are ambitious 9.166666666666668 10.0 0.0
7 Targets are science-based as validated by SBTi 0.0 10.0 0.0
Commitments 20.833333333333336 40.0 0.0
8 Results re. operational emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 0.0
9 Results re. value chain emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 0.0
10 Implied Temperature Rating by MSCi 2.5 10.0 2.5
Results 2.5 30.0 2.5
Total 47.3 100.0 2.5


Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email


Score Details

Criteria Results 2023 Score 2022 Score Vs. 2022 2021 Score
Criteria 1 : Transparency on operational emissions (Scope 1 + 2)
Are S1+S2 figures publicly-disclosed for the last reporting year and the preceding period? yes 5.0 / 5.0 5.0 0.0 0.0
Are S1+S2 figures verified by a 3rd-party for the last reporting year? yes 5.0/ 5.0 5.0 0.0 0.0
Criteria 2 : Transparency on value chain emissions (Scope 3)
Are the 15 categories fully or partly disclosed? partly 2.5 / 5.0 2.5 0.0 0.0
Are S3 figures fully or partly verified by a 3rd-party for the last reporting year? partly 2.5 / 5.0 2.5 0.0 0.0
Criteria 3 : Quality and Frequency of reporting
What is the latest CDP score (no later than the preceding year)? A- 9.0 / 10.0 9.0 0.0 9.0
How many interim reporting were provided between 2 reporting periods (GHG emissions only)?
Criteria 4 : Net Zero Commitments
Does the net 0 target include a statement of a generally-accepted net zero emission target by 2050? yes 3.0 / 3.0 3.0 0.0 0.0
Does the net zero target include an intermediate target by 2030? 2025 3.0 / 3.0 3.0 0.0 3.0
Does the net zero target include all the emissions? yes 4.0 / 4.0 4.0 0.0 0.0
Criteria 5 : Target year for Net Zero Commitments
Target year for achieving net zero emissions for S1+S2? 2045 0.8 / 5.0 0.8 0.0 0.0
Target year for achieving net zero emissions for S1+S2+S3 combined? 2045 0.8 / 5.0 0.8 0.0 0.0
Criteria 6 : Reduction objectives
What is the forward-looking GHG% reduction (without compensation) for scope 1+2? 5.1
5.0 / 5.0 5.0 0.0 4.2
What is the forward-looking GHG% reduction (without compensation) for scope 1+2+3? 4.2
4.2 / 5.0 4.2 0.0 0.0
Criteria 7 : Science-Based Targets
What type of science-based target (as validated by SBTi) did the company commit to? NC 0.0 / 10.0 0.0 0.0 0.0
Criteria 8 : Results based on scope 1 - 2
Performance to date: cumulative% reduction vs. target Objective (in %): 32.0
Actual (in %): 24.6
0.0 / 5.0 0.0 0.0 0.0
Momentum: last year % reduction vs. forward-looking target Objective (in %): 5.1
Actual (in %): 0.7
0.0 / 5.0 0.0 0.0 5.0
Criteria 9 : Results based on scope 1 - 2 - 3
Performance to date: cumulative% reduction vs. target Objective (in %):
Actual (in %):
YTD reduction objective is not valid
 0.0 / 5.0 0.0 0.0 0.0
Momentum: last year % reduction vs. forward-looking target Objective (in %): 4.2
Actual (in %): 0.7
0.0 / 5.0 0.0 0.0 0.0
Criteria 10 : Implied Temperature Rise (ITR)
Is the company aligned with global climate targets? ITR: 2.8°C 2.5 / 10.0 0.0 2.5 0.0
Total 47.3 / 100.0 44.8 2.5 21.2


Available Data Sources

Reporting Year 2021 2021 2020 2020 2019
Source Public Yourstake CDP Public Public
Publication Year 2022 unknown 2021 2021 2021
Scope 1 43,027,155 43,027,155 43,311,568 43,247,571 45,645,691
Scope 2 - location-based 17,201 17,201 14,539 0 0
Scope 2 - market-based 17,872 17,872 15,114 0 0
Scope 1-2 - location-based 43,044,356 43,044,356 43,326,107 43,247,571 45,645,691
Scope 1-2 - market-based 43,045,027 43,045,027 43,326,682 NA NA
Scope 3 2,392,318 2,392,318 2,178,177 0 0
Total - location-based 45,436,674 45,436,674 45,504,284 43,247,571 45,645,691
Total - market-based 43,045,027 45,437,345 43,332,699 NA NA

Sources

Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

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