NextEra Energy, Inc. | Report on lobbying in line with net zero GHG commitment at NextEra Energy, Inc.

32.45% votes in favour
AGM date
Previous AGM date
Proposal number
Resolution details
Company ticker
Resolution ask
Report on or disclose
ESG theme
  • Environment
  • Governance
ESG sub-theme
  • Lobbying / political engagement
Type of vote
Shareholder proposal
Filer type
Company sector
Company HQ country
United States
Resolved clause
Resolved: Shareholders of NextEra Energy, Inc (“NextEra”) request that the Board of Directors report to shareholders (at reasonable cost, omitting confidential and proprietary information) on its framework for identifying and addressing misalignments between NextEra’s lobbying and policy influence activities and positions, both direct and indirect through trade associations, coalitions, alliances, and other organizations (“Associations”), and its Real Zero goal. The report should address the criteria used to assess alignment; the escalation strategies used to address misalignments; and the circumstances under which escalation strategies are used (e.g., timeline, sequencing, degree of influence over an Association).
Whereas clause
Whereas: The United Nations Framework Convention on Climate Change states that greenhouse gas emissions must decline by 45 percent from 2010 levels by 2030 to limit global warming to 1.5 degrees Celsius. If that goal is not met, even more rapid reductions, at greater cost, will be required to compensate for the slow start on the path to global net zero emissions1.

Even with the recent passage of the Inflation Reduction Act, critical gaps remain between Nationally Determined Contributions set by the US government and the actions required to prevent the worst effects of climate change. Domestically and internationally, companies have an important and constructive role to play in enabling policymakers to close these gaps. Corporate lobbying that is inconsistent with the Paris Agreement presents increasingly material risks to companies and their shareholders, as delays in emissions reductions undermine political stability, damage infrastructure, impair access to finance and insurance, and exacerbate health risks and costs. Further, companies face increasing reputational risks from consumers, investors, and other stakeholders if they appear to delay or block effective climate policy. Of particular concern are trade associations and other politically active organizations that say they speak for business but too often present forceful obstacles to addressing the climate crisis.

The latest Climate Action 100+ benchmark indicates that NextEra Energy, Inc’s (“NextEra”) Real Zero by 2045 goal and its medium-/short-term emissions reduction targets meet all the disclosure framework criteria, but NextEra’s climate policy engagement does not meet any of the disclosure framework criteria2.
Supporting statement
Supporting Statement:

The Company’s previously published climate lobbying report does not address the concerns of investors adequately. The proponents believe this request is generally consistent with the investor expectations described in the Global Standard on Responsible Climate Lobbying, and that this Standard is a useful resource for implementation3.

InfluenceMap assesses climate policy engagement alignment for the Climate Action 100+ benchmark. NextEra’s June 2022 review of their trade associations scored 0 out of 100, and accuracy of direct and indirect climate policy engagement disclosure does not meet any of the latest benchmark criteria4.



[3] lobbying_APPENDIX.pdf


How other organisations have declared their voting intentions

Organisation name Declared voting intentions Rationale
Mirova For Mirova supports the request for additional disclosure regarding the alignment of lobbying activities and climate related commitments.
Kutxabank Gestion SGIIC SAU. For
KBI Global Investors For We support this resolution as additional disclosure around the company's framework for identifying alignments and its approach to addressing misalignments would allow shareholders to better evaluate the company's lobbying efforts and align it with best practices that have been undertaken by some of its peers and is unlikely to be unduly burdensome for the company.
AP7 For

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