NextEra Energy, FPL parent, named to World’s most ethical companies list

in Apolitical by

Florida Power and Light’s parent company was named one of the “World’s Most Ethical Companies” by a leading corporate ethics tracker Monday.

Juno Beach-based NextEra Energy was one of 131 companies worldwide to make the annual Ethisphere Institute list, and it is the fourth time in 10 years the energy company was recognized.

“Transparency and sustainability are no longer mere buzzwords for corporations,” NextEra board member Sherry Barrat said. “As a Board member, my role is not only one of oversight, but one of stewardship, that is, ensuring that these corporations are both valuable and worth preserving.”

Ethisphere compiles the list of companies based on their grades in five weighted categories: ethics and compliance program (35 percent), corporate citizenship and responsibility (20 percent), culture of ethics (20 percent), governance (15 percent) and leadership, innovation and reputation (10 percent).

NextEra Energy joins some of the largest corporations in the country on the 2016 list, including Intel, PepsiCo and Prudential Financial. Fellow Sunshine State company Baptist Health South Florida was also named one of the world’s most ethical companies for the sixth year in a row.

Ethisphere has published the annual list since 2007, when the company was founded as part of compliance training company Corpedia.

“In each of the last ten years, the Ethisphere Institute has measured companies who demonstrate leadership in areas like citizenship, integrity and transparency as the World’s Most Ethical Companies,” company CEO Timothy Erblich said. “It is both thrilling and humbling to see the results of our joint efforts to advance the standards of corporate behavior, and the ways that this behavior influences and improves the human condition.”

Erblich added that market data shows that “companies that operate with transparency and integrity are better performing over the long term.” He said he expects that “integrity premium” will only become more impactful as companies are increasingly valued “through the lens of enhanced standards and behavior.”

Peter Schorsch is the President of Extensive Enterprises and is the publisher of some of Florida’s most influential new media websites, including SaintPetersBlog.com, FloridaPolitics.com, ContextFlorida.com, and Sunburn, the morning read of what’s hot in Florida politics. SaintPetersBlog has for three years running been ranked by the Washington Post as the best state-based blog in Florida. In addition to his publishing efforts, Peter is a political consultant to several of the state’s largest governmental affairs and public relations firms. Peter lives in St. Petersburg with his wife, Michelle, and their daughter, Ella.