Managing and Mitigating Risk

We’ve created several environmental risk management programs to ensure all potential risks are identified and mitigated properly.

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Ensuring Safe and Sustainable Operations

Environmental risk management and mitigation are key drivers for ensuring safe and sustainable operations. In order to maintain environmental compliance, our operational business units have developed and implemented processes, procedures and tools specific to their work. Each business unit is responsible for addressing aspects such as:

  • Environmental issue management;
  • Due diligence;
  • Permitting;
  • Compliance;
  • Event response;
  • Change management;
  • Training;
  • Auditing; and
  • Risk management.

Our environmental risk management programs are designed to ensure the company has identified all potential risks so that we properly develop plans to avoid, minimize or mitigate issues.

Compliance is Just the Beginning 

As part of our commitment to the environment, we comply with federal, state and local environmental laws, regulations and permits that govern our company’s and our industry’s operations. Each business unit:

  • Has developed processes and procedures to manage these requirements; and
  • Looks for opportunities to exceed these requirements as part of the company’s commitment to excellence and continuous improvement.

Our corporate goal is to have zero significant environmental events.

Business units are required to track environmental events and near misses and conduct root cause analyses to prevent recurrence.

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Corporate Environmental Compliance Assurance Auditing Program

A dedicated team performs environmental audits of our operations on a periodic basis to verify compliance with environmental laws, regulations and permits.

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This process provides a conduit for identifying and communicating best practices, risks and improvement opportunities among sites. We also recognize the risks associated with disposal and/or recycling of waste generated from our operations and, therefore, we have a program to periodically audit and approve our waste disposal/recycling vendors.

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Our Management Toolkit

We employ a multifaceted, proactive approach to managing environmental protection and stewardship.

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Our programs include:

  • Daily site inspections;
  • Routine self-assessments;
  • Environmental audits;
  • Quarterly meetings with our Corporate Environmental Governance Council; and
  • Quarterly due diligence reporting to executive management and the NextEra Energy Board of Directors.

These tools not only verify how we’re implementing requirements to protect the environment, but also help identify and prevent potential violations.

Our Corporate Environmental Governance Council

This council performs quarterly reviews of each business unit deemed to have significant environmental exposures. Business unit representatives rank environmental risks based on the likelihood of occurrence and severity of the consequences. Risk mitigation countermeasures are reviewed and potential opportunities for application to other business groups is evaluated. In addition, business units report on their performance against business-unit specific environmental metrics and share environmental events, possible environmental consequences of current and pending regulations and process changes.

Due Diligence

Environmental risks are reviewed and assessed through a comprehensive due diligence process during the development, construction and operating life of each facility.

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During a project’s development, multiple internal risk vetting sessions occur at progressively higher levels of management, and review sessions are held with senior executives prior to project approval by the NextEra Energy Board of Directors. These sessions include environmental representation to ensure environmental risks are being identified and managed. During a project’s construction and commissioning, NextEra Energy's corporate environmental licensing and permitting teams assist with environmental construction compliance to ensure that all environmental license and permit requirements are implemented.