NextEra Energy Inc

Lobbying Governance

AI Extracted Evidence Snippet Source

Political expenditures and trade association dues are included in the Company's annual budget, which is reviewed and approved annually by the Board of Directors. [...] To access the NextEra Energy Political Engagement Policy, click here. Beginning in 2020, NextEra Energy will publicly disclose semi-annually on its website its Significant Trade Association Dues, its expenditures for federal and state lobbying, and contributions from the NextEra Energy PAC. [...] NextEra Energy maintains a rigorous compliance process to ensure its political activities are lawful, properly disclosed and aligned with the Company's Code of Business Conduct and Ethics. [...] The Company's Governance & Nominating Committee of the Company's Board of Directors has oversight of the Company's lobbying efforts as described in the Company's Political Engagement Policy. The Board of Directors conducts its oversight of lobbying efforts in the context of approving and reviewing the annual corporate strategy and objectives, as well as reviewing key risks and opportunities for the Company.

https://www.investor.nexteraenergy.com/corporate-governance/corporate-political-engagement

**Public policy advocacy**

Since every aspect of our business is impacted by policy decisions at every level of
government, it is particularly important for us to be involved in the political process. Our
political engagement strategy helps support constructive political and regulatory environments
throughout the U.S., which, in turn, should create long-term shareholder value. In Florida,
a constructive regulatory environment is a key foundation to our regulated utility strategy
of further improving our best-in-class customer value proposition through smart capital
investments. At NextEra Energy Resources, local, state and federal regulations govern every
aspect of our renewable energy development business.

Sound political engagement has supported NextEra Energy in becoming the world's leading
generator of energy from the wind and sun. Without active political engagement, we believe that
overall renewable development within the U.S. would have been significantly lower than current
levels. Additionally, we believe that without active political engagement, we would be less
successful in advancing our corporate strategies and creating long-term shareholder value.

The company believes our lobbying efforts are consistent with its corporate objective of being
the world's leading clean energy company, which necessarily involves an evolving balance of
considerations, including achieving our emissions-reduction targets. To the extent consistent
with our objective, we aim for our lobbying and participation in trade associations to align with
pursuing strategies that are consistent with the goal to keep global warming to
less than 1.5 degrees Celsius over pre-industrial levels.

Our board's governance and nominating committee, composed entirely of independent
directors, oversees our Political Engagement Policy. Among other requirements, the policy
establishes clear accountability for all political engagement and for governance and nominating
committee review, and public website disclosure, of all federal and state lobbying expenditures,
significant trade association dues, and contributions made by the NextEra Energy PAC, among
other pertinent information.

The policy also requires our general counsel to receive, and to report to the governance
and nominating committee the status of, annual compliance certifications from our leaders
having political engagement accountabilities. It also requires the vice president, government
affairs – federal, annually to review significant trade association memberships to ensure that
participation aligns with our strategy. Any policy positions taken by a trade association that
may be in conflict with our core strategy and objectives will be reviewed with the chairman,
[president and CEO. For more information, please access our Corporate Political Engagement](https://www.investor.nexteraenergy.com/corporate-governance/corporate-political-engagement)
[Policy on the investor relations section of our website.](https://www.investor.nexteraenergy.com/corporate-governance/corporate-political-engagement)

https://www.investor.nexteraenergy.com/~/media/Files/N/NEE-IR/NEE_CORPORATE%20REPORT_ESG%20Update.pdf

utility model, Aurora, in all of its resource planning work, including all of the low-carbon analyses. The model contains many data points relating to how the utility system operates (load forecast, unit data, new unit costs, etc.) This data is supplied and reviewed by our internal subject-matter experts. To determine the cost effectiveness of the carbon target, FPL also develops what is referred to as a "base case," or the same model with the only difference being no carbon target. The Aurora model determines the overall cost of the plan by selecting the lowest-cost resources to meet load given the underlying assumptions and any constraints such as a carbon target. These plans are then reviewed by management to determine the feasibility and overall cost, and the underlying assumptions are then either revised or accepted.

https://www.investor.nexteraenergy.com/~/media/Files/N/NEE-IR/Sustainability/NextEraEnergyZeroCarbonBlueprint.pdf

Management is responsible for ensuring that NextEra Energy's political activities are conducted and disclosed in accordance with the Code of Business Conduct and Ethics, Company policies and applicable law. In addition, management is responsible for monitoring the appropriateness and effectiveness of the political activities undertaken by the most significant trade associations in which NextEra Energy is a member.

https://www.investor.nexteraenergy.com/~/media/Files/N/NEE-IR/Sustainability/Sustainability%202023/NEE-%20CDP%20Response%202023.pdf

**II. Governance**

NextEra Energy's Governance and
Nominating Committee, comprised
entirely of independent directors from
the NextEra Energy board of
directors, oversees our political
engagement. This committee reviews
all significant trade association dues
and contributions to entities
organized under Section 501(c)(4) or
Section 527 of the U.S. Internal
Revenue Code.

The vice president, government affairs –
federal, also annually reviews significant
trade association memberships to ensure
alignment with our strategy.

We may not agree with every position taken by every trade association with which we
participate. We seek to have our senior leadership review any conflicts with our core strategy.
NextEra Energy publicly discloses semi-annually on its website its significant trade association
dues, its expenditures for federal and state lobbying and contributions from the NextEra Energy
Political Action Committee.

https://www.investor.nexteraenergy.com/~/media/Files/N/NEE-IR/corporate-governance/governance-documents/NEE_Climate_Lobbying_vF.pdf

NextEra Energy's political engagement policy begins with oversight by the Governance & Nominating Committee of the NextEra Energy Board of Directors and senior management and with clear expectations for its employees. As described in the Code, employees are allowed – and even encouraged – to volunteer their personal time and money to support political candidates and campaigns as they see fit and as allowed by law. However, such personal political activity may not occur on Company time, at Company expense or on Company property. Employees should not pressure their fellow employees to participate in volunteer political activity or use any Company time or resources for personal political solicitation. The Code also prohibits NextEra Energy employees from engaging in lobbying activities on behalf of the Company without prior authorization. As lobbying activities are defined by law and typically require some form of public disclosure, which is subject to change, employees are required to obtain prior approval for any such activities as described below and in the Code. [...] NextEra Energy officers with accountability for political engagement report to senior management of the Company, which includes the Chairman and Chief Executive Officer of NextEra Energy. Senior management provides oversight of the Company's political engagement activities and ensures they are in alignment with the Company's corporate strategy and objectives. [...] Additionally, the Company has established a Management Political Expenditure Committee (the "PEC") whose membership consists of senior employees of the Company to monitor and track political contributions by the Company and its subsidiaries and controlled affiliates. Certain political contributions require prior approval by the Political Expenditure Committee, in addition to the approvals above. [...] At least annually, the Vice President, Government Affairs-Federal will review policy positions of those trade associations with Significant Trade Association Dues to identify any positions that may not be aligned with the Company's corporate strategy and objectives. Any policy positions that are in conflict with the Company's corporate strategy and objectives will be reviewed with the PEC and the Chairman and Chief Executive Officer of NextEra Energy to ensure participation in these organizations continues to provide an overall benefit to the Company. [...] The Governance & Nominating Committee of the NextEra Energy Board of Directors assists the Board in oversight of the Company's political activities. The Governance & Nominating Committee reviews and discusses with NextEra Energy's Executive Vice President and General Counsel, at least annually, all of the political contributions made by the Company or its subsidiaries or controlled affiliates, including, without limitation, the Company's Significant Trade Association Dues and all contributions to any entities organized under Section 501(c)(4) or Section 527 of the U.S. Internal Revenue Code. The PEC must provide prior written approval of any contributions to any 501(c)(4) organizations and of specified political consulting firm engagements. [...] The Executive Vice President and General Counsel also annually reports to the Governance & Nominating Committee that he has received a written certification from each of the responsible officers listed on page 2 that all of the accountabilities for which they have responsibility, as set forth in this policy, the Code and/or each other policy of the Company or of any of its subsidiaries regarding political engagement, including political and issues-based contributions, or associated public disclosure requirements for the preceding calendar year have been undertaken in compliance with all applicable laws, rules and regulations. The Executive Vice President and General Counsel must promptly report to the Governance & Nominating Committee any activity found not to be in such compliance. [...] The Governance & Nominating Committee also periodically reviews and discusses this policy with management and is required to approve any changes to this policy.

https://www.investor.nexteraenergy.com/~/media/Files/N/NEE-IR/corporate-governance/political-engagement-policy/2022/political-engagement-policy-october-2022.pdf

Our board's governance and nominating committee, composed entirely of independent directors, oversees our Political Engagement Policy. Among other requirements, the policy establishes clear accountability for all political engagement and for governance and nominating committee review, and public website disclosure, of all federal and state lobbying expenditures, significant trade association dues, and contributions made by the NextEra Energy PAC, among other pertinent information. The policy also requires our general counsel to receive, and to report to the governance and nominating committee the status of, annual compliance certifications from our leaders having political engagement accountabilities. It also requires the vice president, government affairs – federal, annually to review significant trade association memberships to ensure that participation aligns with our strategy. Any policy positions taken by a trade association that may be in conflict with our core strategy and objectives will be reviewed with the chairman, president and CEO. For more information, please access our Corporate Political Engagement Policy on the investor relations section of our website.

https://www.investor.nexteraenergy.com/~/media/Files/N/NEE-IR/NEE_CORPORATE%20REPORT_ESG%20Update.pdf

Management is responsible for ensuring that NextEra Energy's political activities are conducted and disclosed in accordance with the Code of Business Conduct and Ethics, Company policies and applicable law. In addition, management is responsible for monitoring the appropriateness and effectiveness of the political activities undertaken by the most significant trade associations in which NextEra Energy is a member. [...] Please see our Political Engagement Policy posted on our Investor Relations website.

https://www.investor.nexteraenergy.com/~/media/Files/N/NEE-IR/Sustainability/Sustainability%202023/NEE-%20CDP%20Response%202023.pdf

Board Members set the regulatory and legislative priorities for CESA and meet on a routine basis to manage CESA governance.

https://www.investor.nexteraenergy.com/~/media/Files/N/NEE-IR/corporate-governance/political-engagement-policy/2022/6-2022/Trade%20Association%20Review%20vF.pdf

Management is responsible for ensuring that NextEra Energy's political activities are conducted and disclosed in accordance with the Code of Business Conduct and Ethics, company policies and applicable law. In addition, management is responsible for monitoring the appropriateness and effectiveness of the political activities undertaken by the most significant trade associations in which NextEra Energy is a member. [...] The Governance & Nominating Committee reviews and discusses with NextEra Energy's Executive Vice President and General Counsel, at least annually, the Company's Significant Trade Association Dues, contributions by the NextEra Energy PAC, the Company's contributions to candidates and committees and the Company's contributions to all U.S. tax-exempt organizations that are primarily engaged in political activities. The Governance & Nominating Committee also periodically reviews and discusses this policy with management and is required to approve any changes to this policy. [...] At least annually, the Vice President, Government Affairs-Federal will review policy positions of those trade associations with Significant Trade Association Dues to identify any positions that may not be aligned with the Company's corporate strategy and objectives. Any policy positions that are in conflict with the Company's corporate strategy and objectives will be reviewed with the Chairman and Chief Executive Officer of NextEra Energy to ensure participation in these organizations continues to provide an overall benefit to the Company. [...] The Executive Vice President and General Counsel also annually reports to the Governance & Nominating Committee that he has received a written certification from each of the responsible officers that all of the accountabilities for which they have responsibility, as set forth in the Company's political engagement policy, the Code of Business Conduct and Ethics and/or each other policy of the Company or of any of its subsidiaries regarding political engagement, including political and issues-based contributions, or associated public disclosure requirements for the preceding calendar year have been undertaken in compliance with all applicable laws, rules and regulations. The Executive Vice President and General Counsel must promptly report to the Governance & Nominating Committee any activity found not to be in such compliance.

https://www.investor.nexteraenergy.com/~/media/Files/N/NEE-IR/CDP/NextEra_CDP_2022.pdf

NextEra Energy's political engagement occurs in many different jurisdictions. Therefore, we have established rigorous oversight processes to ensure clear accountability for all political engagement and for associated public disclosure requirements based on the jurisdiction governing each activity. Those accountabilities are as follows: U.S. Federal Government - Vice President, Government Affairs-Federal; State and local governments - Vice President, State Government Affairs, FPL, Vice President, External Affairs & Economic Development, FPL, and Vice President, Regulatory and Political Affairs, NextEra Energy Resources; Canada and other foreign countries - Vice President and General Counsel, NextEra Energy Resources.\n\nNextEra Energy officers with accountability for political engagement report to senior management, which includes the Chairman and Chief Executive Officer of NextEra Energy. Senior management provides oversight of our political engagement activities and ensures they are in alignment with the company's corporate strategy and objectives, including our position on and strategy on climate change. Senior management oversight of political engagement activities ensures a common approach across all our businesses and states where we operate. Political engagement activities and policies are also reviewed periodically by legal counsel both inside and outside the company.\n\nAt least annually, the Vice President, Government Affairs-Federal will review policy positions of trade associations to identify any positions that may not be aligned with the Company's corporate strategy and objectives. Any policy positions that are in conflict with the Company's corporate strategy and objectives will be reviewed with the Chairman and Chief Executive Officer of NextEra Energy to ensure participation in these organizations continues to provide an overall benefit to the Company.\n\nThe Governance & Nominating Committee of the Board assists the Board in oversight of the Company's political activities. The Governance & Nominating Committee reviews

https://www.investor.nexteraenergy.com/~/media/Files/N/NEE-IR/Sustainability/NextEra%20Energy%202021%20CDP%20Response.pdf

The Company recently published a Trade Association Lobbying Report. The report, which the Company believes satisfies the shareholder proposal, is available at www.investor.nexteraenergy.com/corporate-governance. The Company has made a reasonable effort to make the disclosures sought by the proponent and plans to update the report to reflect any material changes in lobbying strategy. [...] NextEra Energy's trade association membership is subject to oversight processes to ensure alignment with the Company's sustainability objectives. The Company's political engagement policy has oversight processes that provide for annual review of trade association memberships by the Company's Vice President, Government Affairs—Federal. That officer has the responsibility to ensure proper alignment of the Company's trade association activities with the objectives of the Company. The policy also requires that any policy positions that may be in conflict with the Company's strategy and objectives are reviewed with the Company's chairman to ensure that participation in these organizations continues to provide an overall benefit to the Company.

https://www.investor.nexteraenergy.com/~/media/Files/N/NEE-IR/corporate-governance/Proxy/Proxy_2024.pdf

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]Management is responsible for ensuring that NextEra Energy's political activities are conducted and disclosed in accordance with the Code of Business Conduct and Ethics, company policies and applicable law. In addition, management is responsible for monitoring the appropriateness and effectiveness of the political activities undertaken by the most significant trade associations in which NextEra Energy is a member.

The Governance & Nominating Committee reviews and discusses with NextEra Energy's Executive Vice President and General Counsel, at least annually, the Company's Significant Trade Association Dues, contributions by the NextEra Energy PAC, the Company's contributions to candidates and committees and the Company's contributions to all U.S. tax-exempt organizations that are primarily engaged in political activities. The Governance & Nominating Committee also periodically reviews and discusses this policy with management and is required to approve any changes to this policy.

At least annually, the Vice President, Government Affairs-Federal will review policy positions of those trade associations with Significant Trade Association Dues to identify any positions that may not be aligned with the Company's corporate strategy and objectives. Any policy positions that are in conflict with the Company's corporate strategy and objectives will be reviewed with the Chairman and Chief Executive Officer of NextEra Energy to ensure participation in these organizations continues to provide an overall benefit to the Company.

The Executive Vice President and General Counsel also annually reports to the Governance & Nominating Committee that he has received a written certification from each of the responsible officers that all of the accountabilities for which they have responsibility, as set forth in the Company's political engagement policy, the Code of Business Conduct and Ethics and/or each other policy of the Company or of any of its subsidiaries regarding political engagement, including political and issues-based contributions, or associated public disclosure requirements for the preceding calendar year have been undertaken in compliance with all applicable laws, rules and regulations. The Executive Vice President and General Counsel must promptly report to the Governance & Nominating Committee any activity found not to be in such compliance.

CDP Questionnaire Response 2022

Attach commitment or position statement(s)[…]The Company believes that all of its lobbying efforts are consistent with its corporate objective of being the world's leading clean energy company, which necessarily involves an evolving balance of considerations, including achieving our emissions reductions targets. To the extent consistent with our objective, we aim for our lobbying and participation in trade associations to align with pursuing strategies that are consistent with the goal to keep global warming to no more than 1.5 degrees Celsius over pre-industrial levels.

CDP Questionnaire Response 2022

Climate-Related Lobbying and Trade Association Report

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I. About this report

The purpose of this report is to review the alignment of our major trade association memberships with our greenhouse gas emissions reduction goals. Information is provided on trade associations that are relevant to our decarbonization efforts and for which our annual dues exceed $25,000.

We monitor the positions and activities of every trade association listed in this report to evaluate if there are any significant discrepancies between our goals and each organization's advocacy.

II. Governance

NextEra Energy's Governance and Nominating Committee, comprised entirely of independent directors from the NextEra Energy board of directors, oversees our political engagement. This committee reviews all significant trade association dues and contributions to entities organized under Section 501(c)(4) or Section 527 of the U.S. Internal Revenue Code.

The vice president, government affairs – federal, also annually reviews significant trade association memberships to ensure alignment with our strategy.

We may not agree with every position taken by every trade association with which we participate. We seek to have our senior leadership review any conflicts with our core strategy. NextEra Energy publicly discloses semi-annually on its website its significant trade association dues, its expenditures for federal and state lobbying and contributions from the NextEra Energy Political Action Committee.

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III. Review of NextEra Energy's trade associations

The company holds memberships in industry, trade and business associations representing the energy industry and the business community.

Below is a summary of each trade associations' climate policies (where available) or mission, for organizations that meet the criteria cited earlier in this report. Summaries of NextEra Energy's engagement with each trade association, and whether we consider our engagement with them aligned with our emissions goals, are also provided.

Advanced Power Alliance (APA)

Summary of trade association's climate policy (if available) or mission:

APA promotes the development of renewable energy and technology resources to provide reliable, affordable and infinite sources of power.

Is our engagement with this trade association aligned with NextEra Energy's emissions goals?

Yes

Summary of NextEra Energy's engagement:

NextEra Energy serves on the executive committee of the board of directors of APA and actively engages on multiple issues taken up by the membership.

American Clean Power Association (ACP)

Summary of trade association's climate policy (if available) or mission:

ACP represents over 800 energy storage, wind, utility-scale solar, clean hydrogen and transmission companies. ACP is committed to meeting America's national security, economic and climate goals with fast-growing, low-cost, and reliable domestic power. In addition to supporting policies that advance America's clean energy economy, ACP also focuses on reducing its operational impact on the environment and encourages its employees to use best practices to promote sustainability in their personal lives.

Is our engagement with this trade association aligned with NextEra Energy's emissions goals? Yes Summary of NextEra Energy's engagement:

NextEra Energy serves on the executive committee and the board of directors of ACP and actively engages on multiple issues taken up by the membership.

3

American Council on Renewable Energy (ACORE)

Summary of trade association's climate policy (if available) or mission:

ACORE is a 501(c)(3) national nonprofit organization that unites finance, policy and technology to accelerate the transition to a renewable energy economy.

Is our engagement with this trade association aligned with NextEra Energy's emissions goals?

Yes

Summary of NextEra Energy's engagement:

NextEra Energy serves on the executive committee and the board of directors of ACORE and actively engages on multiple issues taken up by the membership.

Associated Industries of Florida

Summary of trade association's climate policy (if available) or mission:

Associated Industries of Florida was created to foster an economic climate in Florida conducive to the growth, development, and welfare of industry and business and the people of the state. Associated Industries of Florida supports legislation that provides state funding or identifies federal grant opportunities for clean energy research and development.

Is our engagement with this trade association aligned with NextEra Energy's emissions goals?

Associated Industries of Florida is in alignment with NextEra Energy's priority of low bills and reliability. Other areas of their mission may differ from our policies, which is why we continue to engage with this trade association — especially in light of our large investment in Florida.

Summary of NextEra Energy's engagement:

NextEra Energy is a member of Associated Industries of Florida and actively engages on multiple issues taken up by the membership.

Business Roundtable

Summary of trade association's climate policy (if available) or mission:

Business Roundtable's climate policy states that "because the consequences of global warming for society and ecosystems are potentially serious and far-reaching, steps to address the risks of such warming are prudent even now, while the science continues to evolve. Business Roundtable supports collective actions that will lead to the coordinated efforts to address the risks of climate change."

Is our engagement with this trade association aligned with NextEra Energy's emissions

4

goals?

Yes

Summary of NextEra Energy's engagement:

NextEra Energy is a member of the Business Roundtable.

California Energy Storage Alliance (CESA)

Summary of trade association's climate policy (if available) or mission:

The mission of CESA is to make energy storage a mainstream resource to advance a more affordable, efficient, reliable, safe and sustainable electric power system for all Californians.

Is our engagement with this trade association aligned with NextEra Energy's emissions goals?

Yes

Summary of NextEra Energy's engagement:

NextEra Energy is a board member of CESA. Board members set the regulatory and legislative priorities for CESA and meet on a routine basis to manage CESA governance.

Clean Grid Alliance (CGA)

Summary of trade association's climate policy (if available) or mission:

CGA works to advance renewable energy in the Midwest. Its core strengths are: (i) state policy – stimulating market conditions that create a demand for renewables through policy initiatives at state legislatures; (ii) transmission – ensuring there is adequate access to the MISO electric grid for renewables, and transmission projects are completed promptly; (iii) rules and laws – engaging in regulatory and resource planning processes to support transmission and ensure renewables are included in the energy resource mix; and (iv) public education – providing ongoing public education and outreach to achieve broad support and acceptance of renewables.

Is our engagement with this trade association aligned with NextEra Energy's emissions goals?

Yes

Summary of NextEra Energy's engagement:

NextEra Energy is a member of executive committee of the board of CGA and actively engages on multiple issues taken up by the membership.

Colorado Independent Energy Association

Summary of trade association's climate policy (if available) or mission:

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CIEA supports a fully functional, transparent and robust competitive wholesale power marketplace in Colorado. Many of the independent power projects utilize renewables and proven technologies that are cleaner than many plants currently operated by public utilities. In addition, many IPP plants are more efficient than the older public utility plants through co-generation and other high efficiency technologies. Members of CIEA are committed to constructively participating in local and regional legislative, planning and regulatory initiatives to enhance transmission capacity, encourage competitive procurement and participate in planning that will improve the economic and environmental performance of the electric power system in Colorado.

Is our engagement with this trade association aligned with NextEra Energy's emissions goals?

Yes

Summary of NextEra Energy's engagement:

NextEra Energy, as a board member of the Colorado Independent Energy Association, is actively involved in various issues related to independent energy. They engage in promoting renewable energy sources, advocating for clean energy policies and supporting the transition to a sustainable energy future. Their engagement includes collaborating with stakeholders, participating in policy discussions and driving initiatives to advance the adoption of clean and independent energy solutions in Colorado.

Edison Electric Institution (EEI)

Summary of trade association's climate policy (if available) or mission:

EEI's position is that global climate change presents one of the biggest energy and environmental policy challenges this country has ever faced. EEI member companies are committed to addressing the challenge of climate change and have undertaken a wide range of initiatives over the last 30 years to reduce, avoid or sequester greenhouse gas emissions. Policies to address climate change should seek to minimize impacts on consumers and avoid harm to U.S. industry and the economy.

EEI Climate Policy EEI recently authored an op-ed that stated "EEI and the investor-owned electric companies we represent are committed to getting the energy we provide as clean as we can as fast as we can, without compromising on the affordability or reliability that our customers value … we are joining the growing call for a 100% clean energy future… With the right policies and the right technologies, a 100% clean energy future can be more than a goal. It can be a reality." EEI Climate Op-Ed

Is our engagement with this trade association aligned with NextEra Energy's emissions goals?

Yes

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Summary of NextEra Energy's engagement:

NextEra Energy serves on multiple committees and in leadership positions in EEI.

Florida Chamber of Commerce

Summary of trade association's climate policy (if available) or mission:

The Florida Chamber will continue fighting for high quality and well managed water supply, wastewater and conservation projects that will enable Floridians to be even better stewards of the land. Continued investment in water infrastructure is necessary to protect Florida's unique natural resources and promote sustainable economic growth. Preserving the quality of waterbodies, fisheries and aquifers is key to supporting tourism, agriculture, quality of life and economic development in Florida. Permitting processes for new environmental projects should be science-based, cost-effective, and predictable to incentivize capital investment and diversify water sources for a growing population. Finally, Florida must evaluate and increase preparation for sea level rise with smarter planning and targeted infrastructure and resiliency investments throughout our local communities. The Florida Chamber supports:  Science-based water, land use, energy and growth policies that prioritize the long-term over the short-term.  Water and environmental projects to improve our natural resources, including septic-tosewer conversions, basin management action plans and the comprehensive Everglades Restoration Plan.  Streamlining permitting processes that are science-based, certain and predictable, including maintaining the state's assumption of the federal 404 permitting process.  Incentivizing capital investments in alternative and wastewater infrastructure systems.

Is our engagement with this trade association aligned with NextEra Energy's emissions goals?

Yes

Summary of NextEra Energy's engagement:

NextEra Energy is a member of the Florida Chamber of Commerce and actively engages on multiple issues taken up by the membership.

Independent Power Producers of NY (IPPNY)

Summary of trade association's climate policy (if available) or mission:

IPPNY supports a transition to a cleaner energy future for New York. As IPPNY approaches the work of reaching New York's renewable energy and emissions reduction goals in the years ahead, it has released a document highlighting six principles IPPNY feels ensures alignment between reliability, affordability and economic efficiency.

Advancing New York State's Clean Energy Goals

Is our engagement with this trade association aligned with NextEra Energy's emissions

7

goals?

Yes

Summary of NextEra Energy's engagement:

NextEra Energy serves on the executive committee and the board of directors of IPPNY and actively engages on multiple issues taken up by the membership.

Interwest Energy Alliance

Summary of trade association's climate policy (if available) or mission:

Interwest is a regional trade association representing some of the largest developers and manufacturers of large-scale renewable energy in the world. Interwest's mission is to create market opportunities for utility-scale renewables across the Interior West through policy and regulatory intervention. It supports the responsible expansion of renewable energy in Arizona, Colorado, Nevada, New Mexico, Utah and Wyoming.

Is our engagement with this trade association aligned with NextEra Energy's emissions goals?

Yes

Summary of NextEra Energy's engagement:

NextEra Energy is a board member of Interwest. Board members set the regulatory and legislative priorities for Interwest and meet on a routine basis to manage Interwest governance.

Maryland Chamber of Commerce

Summary of trade association's climate policy (if available) or mission:

The mission of the Maryland Chamber of Commerce is to advance inclusive partnerships for a Maryland where all businesses and their communities thrive. The Energy & Environment Committee has three subcommittees: Air quality, water quality and land use and natural resources. The key issues include:  Renewable energy sources  Storm water and waste management  Pollution control  Land use and judicial review

Is our engagement with this trade association aligned with NextEra Energy's emissions goals?

Yes

Summary of NextEra Energy's engagement:

NextEra Energy is a member of the Maryland Chamber of Commerce and actively engages on multiple issues taken up by the membership.

8

New England Power Generation Association (NEPGA)

Summary of trade association's climate policy (if available) or mission:

NEPGA is the trade association representing competitive electric generating companies in New England. NEPGA's member companies represent approximately 26,000 megawatts (MW) of generating capacity in the region. NEPGA's mission is to promote sound energy policies which will further economic development, jobs and balanced environmental policy. NEPGA believes that sustainable competitive markets are the best means to provide long-term reliable and affordable supplies of electricity for consumers.

Is our engagement with this trade association aligned with NextEra Energy's emissions goals?

Yes

Summary of NextEra Energy's engagement:

NextEra Energy is a member of NEPGA and actively engages on multiple issues taken up by the membership.

Northwest and Intermountain Power Producers Coalition (NIPPC)

Summary of trade association's climate policy (if available) or mission:

NIPPC is a regional membership organization representing competitive power participants in the electricity sector in the Pacific Northwest and Intermountain region. NIPPC members include owners, operators, and developers of independent power generation and storage, power marketers and affiliated companies. NIPPC supports a competitive electric power supply marketplace in the Pacific Northwest and Intermountain West based on the following principles:  Ensure that adequacy and reliability of electric supply is supported and not compromised.  Ensure that all market and transmission access, pricing and regulatory structures allow all market participants to operate under the same terms and conditions in the regional marketplace.  Ensure efficient and transparent pricing signals are sent to all market participants facilitating investment in electric power supply and transmission infrastructure.  Ensure cost effective environmental, safety and security best practices are put in place and maintained.

Is our engagement with this trade association aligned with NextEra Energy's emissions goals?

Yes

Summary of NextEra Energy's engagement:

NextEra Energy is a member of NIPPC and actively engages on multiple issues taken up by the membership.

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Renewable Northwest (RNW)

Summary of trade association's climate policy (if available) or mission:

The vision of Renewable Northwest is for every home, business and vehicle in the Northwest U.S. to be powered by renewable, affordable, carbon-free electricity. Renewable Northwest's mission is to decarbonize the region by accelerating the transition to renewable electricity.

Is our engagement with this trade association aligned with NextEra Energy's emissions goals?

Yes

Summary of NextEra Energy's engagement:

NextEra Energy is a member of the board of Renewable Northwest and actively engages on multiple issues taken up by the membership.

U.S. Chamber of Commerce

Summary of trade association's climate policy (if available) or mission:

The Chamber's climate policy states that "the U.S. Chamber believes that there is much common ground on which all sides of this discussion could come together to address climate change with policies that are practical, flexible, predictable and durable. We believe in a policy approach that is supported by market-based solutions, developed through bipartisan legislation in Congress and acknowledges the costs of action and inaction and the competitiveness of the U.S. economy. We work with policymakers to forge climate solutions and engage in the United Nations Conference of the Parties on behalf of the business community. Combating climate change requires citizens, governments and businesses to work together. Inaction is simply not an option. American businesses play a vital role in creating innovative solutions and reducing greenhouse gases to protect our planet. A challenge of this magnitude requires collaboration, not confrontation, to advance the best ideas and policies. Together, we can forge solutions that improve our environment and grow our economy — leaving the world better for generations to come." U.S. Chamber Approach to Climate Change

Is our engagement with this trade association aligned with NextEra Energy's emissions goals?

Yes

Summary of NextEra Energy's engagement:

NextEra Energy is a member of the U.S. Chamber of Commerce and actively engages on multiple issues taken up by the membership.

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Engagement/Advocacy Report

A letter from our

chairman and CEO

About this report cNleeaxntEernaeErgnyerlgeay:daer

Environmental

stewardship

Our eamndplcooymeems,ucnuitsietosmers Governance Risks and opportunities Awards and recognitions Conclusion Appendices

G o v e r n a n c e

NextEra Energy, as a renewable energy leader, has made sustainability-related issues core to our overall business strategy.

Our proven track record of delivering strong financial and operational performance begins with our foundation of sound corporate governance and oversight. Our board of directors is led both by our executive chairman and a lead independent director. The board has a broad range of skills and industry knowledge, as well as diversity with respect to age, gender, race, ethnicity and specialized experience.

Together, the board has brought diverse perspectives to lead NextEra Energy to successful results and create long-term value for our shareholders and stakeholders. For more details, please refer to the NextEra Energy 2023 Proxy Statement on the investor relations section of NextEra Energy's website. The proxy includes a summary of director qualifications and experience.

Leveraging sustainability governance Our approach to sustainability engages all levels of the company from the board of directors to our employees. Sustainable business practices are embedded throughout the company as we execute our long-term strategy.

Lacy Creek Wind Energy Center in Glasscock and Sterling counties, Texas.

Board of directors – NextEra Energy, as a renewable energy leader, has made sustainability-related issues core to our overall business strategy. The entire NextEra Energy board of directors, led by our chairman, is focused on oversight of sustainability-related risks and opportunities, including their impacts on our strategy.

At every scheduled board of directors meeting, the board performs a review of our performance against business objectives and key risks and opportunities for the company.

The board also holds an annual session devoted to discussing, debating and validating management's overall strategy. Oversight of sustainability-related issues includes discussion of physical environmental risks, such as hurricanes, climate- and emissions-related government policies, incentives and regulations, emissions-reduction initiatives, renewable energy, trends and business plans, and emerging clean energy technologies, among others.

Sustainability Report | 39

A letter from our

chairman and CEO

About this report cNleeaxntEernaeErgnyerlgeay:daer

Environmental

stewardship

Our eamndplcooymeems,ucnuitsietosmers Governance Risks and opportunities Awards and recognitions Conclusion Appendices

Board committees – Each board committee oversees different areas of opportunities and risks related to sustainability and communicates key findings to the full board.

Chief executive officer – Our chairman and chief executive officer (CEO) has ultimate responsibility for the company's sustainability performance and long-term success.

Executive leadership – As our leaders execute our long-term growth plan and key initiatives, they implement our sustainability vision. Leaders are responsible for achieving specific goals tied to sustainability as we deliver long-term value.

Our executive management team is responsible for day-to-day management of sustainability-related risks and opportunities, as well as their potential effects on the management and operations of individual business units.

Sustainability executive steering committee and sustainability council – Composed of key business unit representatives across the organization, the council focuses on proactively addressing sustainability issues and policies and driving strategic initiatives across the company. The council reports to, and receives feedback from, the executive steering committee quarterly. Twice a year, the executive steering committee chair reports to the sustainability lead team, made up of the executive vice president of finance and chief financial officer (CFO), executive vice president, chief legal, environmental and federal regulatory affairs officer, and the executive vice president of human resources and corporate services.

Decarbonization team – In 2022, we formed a team to assist us in strategizing and monitoring the progress toward achieving our Real Zero goal. The team performs four primary functions: (1) acting as the FPL leadership hub for executing and analyzing Real Zero plans, (2) coordinating feedback and ensuring alignment of the Real Zero plan across all business units, (3) representing FPL's Real Zero development plan both internally and externally, and (4) identifying and implementing new solutions and opportunities for Real Zero success. The decarbonization team plays a critical role in monitoring and attaining our Real Zero goal.

Rebecca Kujawa, president and CEO of NextEra Energy Resources; John Ketchum, chairman and CEO of NextEra Energy; and Armando Pimentel, president and CEO of FPL, address employees in Juno Beach, Fla.

Employees – By delivering on their goals and objectives, our employees are key to driving our company's sustainability efforts and delivering value to all stakeholders.

At NextEra Energy Resources, completing the development and construction of our wind, solar and battery storage projects on schedule and on budget, as well as adding significant new wind, solar and battery storage opportunities

Sustainability Report | 40

A letter from our

chairman and CEO

About this report cNleeaxntEernaeErgnyerlgeay:daer

Environmental stewardship

2 0 2 3 G o v e r n a n c e h i g h l i g h t s

» Twelve of 13 directors are independent.

» Balance of new and experienced directors, with tenure of director nominees averaging 7 years. » Five of 13 directors are women. » Two of 13 directors are ethnically diverse. » We have a specified retirement age for directors. » The average age of directors is 63.

to our backlog are vitally important to achieving our Real Zero goal. The annual incentive plan promotes the attainment of progress toward that goal.

Annual incentives and the company's performance shares awarded to senior executives also have goals tied to adjusted return on equity (ROE) and adjusted earnings per share (EPS) growth. NextEra Energy will only achieve our adjusted ROE and EPS growth goals by executing on our business strategy to deploy renewables at NextEra Energy Resources and executing our cost-effective solar generation expansion at FPL, which directly incentivizes reaching our Real Zero goal.

In addition to those goals in our annual incentive plan and our performance shares that incentivize reaching our Real Zero goal, our executive compensation program also includes goals tied to sustainability performance, a variety of which have been included as compensation metrics since 2001. For example, a portion of executive compensation is tied to customer value, employee safety and compliance with environmental regulations.

Our eamndplcooymeems,ucnuitsietosmers Governance Risks and opportunities Awards and recognitions Conclusion Appendices

C o m p e n s at i o n a l i g n m e n t

Senior executive compensation is tied directly to performance that drives long-term shareholder value. Current senior executive compensation metrics include: Providing sustainability oversight Audit Committee » Oversees compliance with legal and regulatory requirements and Code of Business Conduct and Ethics. » Oversees external and internal auditors. » Oversees preparation of financial statements in accordance with generally accepted accounting principles (GAAP) standards. » Reviews and discusses with management NextEra Energy's major financial risk exposures. » Ensures that major risks identified are reviewed by the board or a board committee. Governance and Nominating Committee » Oversees board composition, refreshment and diversity. » Provides political engagement oversight. » Makes recommendations to the board on the business of the Annual Meeting of Shareholders. » Oversees evaluation of the board. Finance and Investment Committee » Oversees capital spending and financing plans. » Reviews financing strategies, financial policies and the use of financial instruments, including derivatives. » Reviews energy trading and marketing operations. » Recommends annual dividend policy. Nuclear Committee » Oversees safety, reliability and quality of nuclear operations. » Reviews long-term strategies and plans related to nuclear operations. Compensation Committee » Approves compensation program, including incentive compensation goals tied to sustainability and other goals. » Approves selection of corporate peer group for compensation benchmarking. » Assesses risks related to employee compensation programs.

» Renewable energy To maintain our position as the world's leading renewables developer, compensation is tied to completing the development and construction of our wind, solar and storage projects on schedule and on budget, as well as adding significant new wind, solar and storage opportunities to our backlog to support future growth. Implementing our renewables development strategy has led to significant emissions reductions for our company and our customers. » Environmental events

» Customer value proposition To emphasize the delivery of a sustainable outstanding customer value proposition, compensation metrics include operations and maintenance (O&M) costs, capital expenditures, service reliability and customer satisfaction scores. These metrics are intended to drive the delivery of low bills, high reliability, clean energy solutions and outstanding customer service.

» Safety Safety is a company priority. We include the rate of OSHA

To support our commitment to the environment, metrics include achieving zero significant environmental violations across all of our businesses.

recordable incidents in our compensation metrics to emphasize our focus on a zero-accident workplace.

» Operational performance Intended to support efficient and reliable delivery of clean energy to our customers, these metrics include availability metrics across the generation fleets and reliability metrics for the transmission and distribution grid.

» Nuclear safety and reliability To prioritize the highest levels of nuclear safety and reliability, compensation metrics include the nuclear fleet's performance against industrywide operating performance measures, as measured by a third party.

Sustainability Report | 41

A letter from our

chairman and CEO

About this report cNleeaxntEernaeErgnyerlgeay:daer

Environmental

stewardship

Our eamndplcooymeems,ucnuitsietosmers Governance Risks and opportunities Awards and recognitions Conclusion

Appendices

NextEra Energy board of directors, as of September 2023.

Row 1, from left: Nicole S. Arnaboldi, Sherry S. Barrat, lead director, James L. Camaren Kenneth B. Dunn and Naren K. Gursahaney.

Row 2, from left: Kirk S. Hachigian, Maria G. Henry John W. Ketchum and Amy B. Lane.

Row 3, from left: David L. Porges, Deborah L. "Dev" Stahlkopf, John A. Stall and Darryl L. Wilson.

Sustainability Report | 42

A letter from our

chairman and CEO

About this report cNleeaxntEernaeErgnyerlgeay:daer

Environmental

stewardship

Our eamndplcooymeems,ucnuitsietosmers Governance Risks and opportunities Awards and recognitions Conclusion Appendices

The Buena Vista Energy Center in Chaparral, N.M.

Aligning with public policies Since every aspect of our business is impacted by policy decisions at every level of government, it is vital for us to be involved in the political process. Our political engagement strategy helps support constructive political and regulatory environments throughout the U.S., which, in turn, should create long-term shareholder value. In Florida, a constructive supported NextEra Energy's efforts to drive overall renewable development within the U.S., advance our corporate strategies and create long-term shareholder value. regulatory environment is a key foundation to our regulated utility strategy of further improving our best-in-class customer value proposition through smart capital investments.

At NextEra Energy Resources, local, state and federal regulations govern every aspect of our renewable energy development business. Constructive political engagement has The company believes our lobbying efforts are consistent with our corporate values and objective of being the world's leading clean energy company, which necessarily involves an evolving balance of considerations, including achieving our emissions-reduction targets. To the extent consistent with our objective, we aim for our lobbying and participation in trade associations to align with pursuing strategies that are consistent with our goals.

We have established a management political expenditure committee (PEC), whose membership consists of senior employees of the company to monitor and track political contributions by the company. The PEC must provide prior written approval of any contributions to any 501(c)(4) organizations and of specified political consulting firm engagements. Political engagement activities and policies also are reviewed periodically by legal counsel both inside and outside of the company.

Our board's governance and nominating committee, composed entirely of independent directors, oversees our Political Engagement Policy. Among other requirements, the policy establishes clear accountability for all political engagement and for governance and nominating committee review of all political contributions made by the company, including significant trade association dues and all contributions to any entities organized under 501(c)(4) or Section 527 of the U.S. Internal Revenue Code. We post all federal and state lobbying expenditures, significant trade association dues and contributions made by the NextEra Energy political action committee, among other pertinent information on our website. The policy also requires our executive vice president, chief legal, environmental and federal regulatory affairs officer to receive and report to the governance and nominating committee the status of annual compliance certifications from our leaders having political engagement accountabilities. It also requires the vice president, government affairs – federal, annually to review significant trade association memberships to ensure that participation aligns with our values and strategy. Any policy positions taken by a trade association that may be in conflict with our core strategy and objectives will be reviewed with the chairman and CEO. The company will not necessarily agree with every position taken by every trade association to which it belongs. Executives of the company often participate in positions of leadership in trade associations to help shape trade association efforts that benefit and are consistent with company goals. For more information, please access our Corporate Political Engagement Policy on the investor relations section of our website.

Sustainability Report | 43

A letter from our

chairman and CEO

About this report cNleeaxntEernaeErgnyerlgeay:daer

Environmental

stewardship

Our eamndplcooymeems,ucnuitsietosmers Governance Risks and opportunities Awards and recognitions Conclusion Appendices

Engaging shareholders We engage with shareholders on a regular basis and provide information through multiple channels. Our shareholder engagement efforts allow us to better understand our shareholders' priorities and perspectives and enable us to effectively address the issues that matter the most to our shareholders.

In 2022, we reached out to our 50 largest shareholders and offered to engage on sustainability-related topics as well as any other topics of interest. We also reached out to shareholders outside of our 50 largest who expressed an interest in engagement with us. We received positive feedback from and held engagements with shareholders representing over 27% of our shares outstanding. Our Real Zero goal, sustainability, diversity and inclusion strategy, emissions-reduction initiatives and renewable energy strategy were the main topics of these engagements.

Employee Ally Sexton talks with community members at the Indiana State Fair about NextEra Energy Resources' renewables.

Engaging stakeholders A stakeholder can be defined as an individual, group or institution that has a vested interest in how our company operates and manages economic, environmental and/or social issues and risks.

At NextEra Energy, our stakeholders include employees, customers, government/agency officials, investors, shareholders, suppliers, consultants, environmental groups, members of the media, our business partners and nonprofit organizations that help the communities we serve.

We engage our stakeholders through various methods, including: » Analyst meetings. » Customer account satisfaction tracking. » Customer care center. » Direct mail. » Employee and customer surveys.

» Executive contact program. » Government relations. » Open houses. » Outreach meetings. » Shareholder meetings. » Social media. » Speaking engagements. » Sustainability reporting analysis. » Web, FPL mobile app and email.

Cultivating preparedness Our approach to risk management starts with a strategic focus on preparedness and a disciplined capital allocation process. Preparedness, crisis planning and risk management are part of our culture. Our chairman and CEO, who also serves as our chief risk officer, and executive management are responsible for executing our long-term strategy while also monitoring opportunities and risks.

Sustainability Report | 44

A letter from our

chairman and CEO

About this report cNleeaxntEernaeErgnyerlgeay:daer

R i s k s a n d O p p o r t u n i t i e s

Environmental

stewardship

Our eamndplcooymeems,ucnuitsietosmers Governance Risks and opportunities Awards and recognitions Conclusion

Crews work to restore power in Arcadia, Fla., following Hurricane Ian.

Appendices

Sustainability Report | 45

Engagement/Advocacy Report