Nextera Energy Inc

Common Name
Nextera Energy
Country
United States
Sector
Utilities
Industry
Utilities - Regulated Electric
Employees
16,800
Ticker
NEE
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
NextEra Energy, Inc. is a prominent energy company specializing in the generation of renewable energy and other related services. As one of the leading producers of wind and solar energy in the United...

Nextera Energy's GHG Emissions Data Preview

In 2023, Nextera Energy completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

However, Nextera Energy has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)2023202220212020 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Nextera Energy’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Nextera Energy’s data sources below and access millions more through our Disclosure Search.

a. Nextera Energy's Sustainability Report 2024
a. Nextera Energy's Sustainability Report 2024
b. Nextera Energy's Sustainability Report 2023
b. Nextera Energy's Sustainability Report 2023
c. Nextera Energy's CDP Climate sourced from company’s website 2023
c. Nextera Energy's CDP Climate sourced from company’s website 2023
d. Nextera Energy's Verification report 2021
d. Nextera Energy's Verification report 2021
e. Nextera Energy's ESG Report 2020
e. Nextera Energy's ESG Report 2020

Insights into Nextera Energy's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Nextera Energy amounted to 42,294,476 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Nextera Energy increased by 0.7%, suggesting that the company faced challenges in reducing its emissions from its core operations. a b

Nextera Energy's Scope 1 Emissions Over Time

20192020202120222023015 M30 M45 M60 MtCO2e-5%-1%-2%+1%
  • Total Scope 1
  • Year-over-Year Change

What are Nextera Energy's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Nextera Energy were 42,278,597 metric tons of CO₂ equivalent (tCO₂e). a

Has Nextera Energy reduced its Scope 1 emissions over time?

Since 2019, Nextera Energy's Scope 1 emissions have decreased by 7.38%, reflecting a declining long-term trend in Scope 1 emissions over time. a e

Compared to the previous year (2022), Nextera Energy's Scope 1 emissions remained relatively stable, indicating that Nextera Energy's emissions have plateaued with no significant change in its operational footprint. a b

What are Nextera Energy's Scope 2 emissions?

In 2023, Nextera Energy reported Scope 2 greenhouse gas (GHG) emissions of 16,300 tCO₂e using the market-based method and 15,879 tCO₂e using the location-based method. a

Has Nextera Energy reduced its Scope 2 emissions over time?

Compared to the previous year (2022), Nextera Energy's Scope 2 emissions (Location-Based) rose by 10.2% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy a b

What methodology does Nextera Energy use for Scope 2 reporting?

In 2023, Nextera Energy reported its Scope 2 emissions using the market-based method and using the location-based method. a

Nextera Energy's Scope 2 Emissions Over Time

202020212022202304.5 k9 k13.5 k18 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Nextera Energy's Value Chain Emissions

In 2023, Nextera Energy reported 2,671,312 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2023 disclosure of Nextera Energy includes a breakdown across 0 of the 15 Scope 3 categories defined by the GHG Protocol, down from 3 in 2022, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions. a

Nextera Energy's Scope 3 Emissions Over Time

20202021202220230800 k1.6 M2.4 M3.2 MtCO2e+10%+30%-14%
  • Total Scope 3
  • Year-over-Year Change

What are Nextera Energy's Scope 3 emissions?

In 2023, Nextera Energy reported total Scope 3 emissions of 2,671,312 metric tons of CO₂ equivalent (tCO₂e). a

Compared to the previous year (2022), Nextera Energy's Scope 3 emissions decreased by 14.01%, highlighting the company's efforts to lower indirect emissions from its value chain. a b

Insights into Nextera Energy’s GHG Emissions Intensity Compared to Industry Peers

In 2023, Nextera Energy reported Scope 1 greenhouse gas (GHG) emissions of 42,278,597 tCO₂e and total revenues of USD 28,114 millions. This translates into an emissions intensity of 1,503.83 tCO₂e per millions USD. a

Nextera Energy's Scope 1 Emissions Intensity Compared to Peers

20,000500,0005,000,00050,000,000500,000,000Scope 1 Emissions (tCO2e)2001,0005,00020,000100,000Revenues (Millions of USD)CTDuke EnergyYear: 2023Scope 1: 72,801,000 tCO2eRevenue: $M 29,060Scope 1 Intensity: 2,505.20 tCO2e/$MPG&EYear: 2023Scope 1: 3,730,000 tCO2eRevenue: $M 24,428Scope 1 Intensity: 152.69 tCO2e/$MEntergyYear: 2023Scope 1: 35,996,462 tCO2eRevenue: $M 12,147Scope 1 Intensity: 2,963.30 tCO2e/$MAmerican Electric PowerYear: 2023Scope 1: 44,453,919 tCO2eRevenue: $M 18,982Scope 1 Intensity: 2,341.86 tCO2e/$MExelonYear: 2024Scope 1: 434,000 tCO2eRevenue: $M 23,028Scope 1 Intensity: 18.85 tCO2e/$MCMS EnergyYear: 2023Scope 1: 16,083,829 tCO2eRevenue: $M 7,462Scope 1 Intensity: 2,155.43 tCO2e/$MAmerenYear: 2023Scope 1: 19,883,180 tCO2eRevenue: $M 7,500Scope 1 Intensity: 2,651.09 tCO2e/$MCCConsumers EnergyYear: 2023Scope 1: 12,482,384 tCO2eRevenue: $M 7,166Scope 1 Intensity: 1,741.89 tCO2e/$MConsolidated EdisonYear: 2023Scope 1: 2,676,000 tCO2eRevenue: $M 14,663Scope 1 Intensity: 182.50 tCO2e/$MDTE EnergyYear: 2023Scope 1: 22,631,000 tCO2eRevenue: $M 12,745Scope 1 Intensity: 1,775.68 tCO2e/$MEdison InternationalYear: 2023Scope 1: 1,200,000 tCO2eRevenue: $M 16,338Scope 1 Intensity: 73.45 tCO2e/$MOGE EnergyYear: 2023Scope 1: 9,040,683 tCO2eRevenue: $M 2,674Scope 1 Intensity: 3,380.58 tCO2e/$MCenterPoint EnergyYear: 2023Scope 1: 5,170,862 tCO2eRevenue: $M 8,696Scope 1 Intensity: 594.63 tCO2e/$MFirstEnergyYear: 2023Scope 1: 15,206,375 tCO2eRevenue: $M 12,870Scope 1 Intensity: 1,181.54 tCO2e/$MAlliant EnergyYear: 2023Scope 1: 13,631,273 tCO2eRevenue: $M 4,027Scope 1 Intensity: 3,384.97 tCO2e/$MTTTXNM EnergyYear: 2022Scope 1: 4,844,547 tCO2eRevenue: $M 2,250Scope 1 Intensity: 2,153.56 tCO2e/$MPPLYear: 2023Scope 1: 25,291,849 tCO2eRevenue: $M 8,312Scope 1 Intensity: 3,042.81 tCO2e/$MMGE EnergyYear: 2023Scope 1: 1,637,171 tCO2eRevenue: $M 690Scope 1 Intensity: 2,371.23 tCO2e/$MEvergyYear: 2024Scope 1: 20,958,294 tCO2eRevenue: $M 5,847Scope 1 Intensity: 3,584.27 tCO2e/$MDominion EnergyYear: 2023Scope 1: 29,500,000 tCO2eRevenue: $M 14,393Scope 1 Intensity: 2,049.61 tCO2e/$MPSEGYear: 2023Scope 1: 549,002 tCO2eRevenue: $M 11,237Scope 1 Intensity: 48.86 tCO2e/$MHawaiian Electric IndustriesYear: 2023Scope 1: 4,418,816 tCO2eRevenue: $M 3,682Scope 1 Intensity: 1,200.06 tCO2e/$MXcel EnergyYear: 2023Scope 1: 36,180,000 tCO2eRevenue: $M 14,206Scope 1 Intensity: 2,546.81 tCO2e/$MNextera EnergyYear: 2023Scope 1: 42,278,597 tCO2eRevenue: $M 28,114Scope 1 Intensity: 1,503.83 tCO2e/$M

How does Nextera Energy's GHG emissions intensity compare to its peers?

In 2023, Nextera Energy reported a Scope 1 emissions intensity of 1,503.83 tCO₂e per millions USD. Compared to the peer group median of 2,153.56 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a

Where does Nextera Energy rank on GHG emissions intensity within its industry?

In 2023, Nextera Energy ranked 9 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

Nextera Energy is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a

Insights into Nextera Energy's Total Carbon Footprint

In 2023, Nextera Energy reported a total carbon footprint of 44,965,788 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 0.31% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output. a b

The largest contributor to Nextera Energy's total carbon footprint was Scope 1 emissions, accounting for 94.02% of the company's total carbon footprint, followed by Scope 3 emissions at 5.94%. a

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