NextDecade Corporation.
NEXT.US | Extraction of natural gas
NextDecade Corporation is an energy company focused on the development of liquefied natural gas (LNG) projects and reducing carbon emissions. The company is developing the Rio Grande LNG project in Brownsville, Texas, which includes a natural gas liquefaction facility and associated pipelines. NextD...Show More
Better Health for All
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The company's core business, the Rio Grande LNG project, is projected to significantly harm public health, with air pollution from LNG facilities estimated to cause $957 million in health costs and 60 premature deaths annually nationwide.
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The project is described as potentially the "biggest polluter in the Rio Grande Valley," spewing toxic particulate matter, smog, and cancer-causing pollutants, and contributing to birth defects, asthma, and other serious health issues.
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The project is located in a low-income community, impacting a federally unrecognized tribe and residents of a colonia, and FERC was found to have not properly measured environmental justice impacts.
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The company's proposed carbon capture and sequestration system's analysis was challenged as inadequate.
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An assessment of risks to siting the LNG facility near a rocket launch pad was found to use data from smaller rockets, not the larger Starship being tested.
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Fair Money & Economic Opportunity
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NextDecade Corporation is an energy company, not a financial institution. The company does not offer lending, deposit, or other consumer financial services. Therefore, all KPIs related to financial products, pricing, customer data, lending compliance, wealth-building outcomes for financial clients, debt burden, or product simplicity are not applicable. While the company engages in community support, job creation, and local supply chain investment, these activities do not directly map to the specific financial services metrics defined in the rubric for 'Fair Money & Economic Opportunity'.
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Fair Pay & Worker Respect
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No evidence available to assess NextDecade Corporation on Fair Pay & Worker Respect.
Fair Trade & Ethical Sourcing
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The provided articles contain no quantitative data, regulatory actions, violations, fines, certifications, awards, recognitions, or comparisons to industry benchmarks relevant to NEXT.US's fair trade and ethical sourcing practices.
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Both articles explicitly state that the content is entirely placeholder text and lacks any specific information to assess the company against the defined KPIs.
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Honest & Fair Business
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The company has a comprehensive whistleblower policy, effective March 15, 2025, which includes a 24/7 anonymous third-party hotline and website for reporting concerns.
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The policy prohibits retaliation and outlines a process for external counsel to be involved if internal parties are implicated, with quarterly reports made to the Audit & Risk Committee.
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However, there is no evidence regarding the number of cases or specific resolution times. The company has had zero financial restatements in the past five years. The board has 9 out of 10 directors determined to be independent under Nasdaq listing rules, representing 90% of the board.
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The company's Code of Conduct and Ethics, effective March 15, 2025, promotes honest and ethical conduct, full and accurate disclosure, and compliance with laws, including specific mentions of antitrust compliance and anti-bribery practices.
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It also requires compliance certification upon becoming an employee, officer, or director and periodically thereafter.
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However, there is no evidence of training frequency, effectiveness metrics, or customization for high-risk areas. There is no specific evidence of the extent of independent verification of ethical claims beyond the use of a third-party help-line for complaints and the potential engagement of outside experts for reviews.
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Kind to Animals
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No specific, concrete data points were found in the provided articles to assess NEXT.US against any of the 'Kind to Animals' KPIs. The articles primarily focus on energy data platforms and general overviews, without mentioning animal welfare practices, products, testing, or conservation efforts related to the company.
No War, No Weapons
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No evidence available to assess NextDecade Corporation on No War, No Weapons.
Planet-Friendly Business
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The Rio Grande LNG terminal project's full climate impact is projected to be up to 163 million tons of carbon dioxide equivalent per year.
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The company aims for carbon-neutrality at its Rio Grande LNG facility, with a target year of >2050, as announced in October 2020.
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In August 2024, the U.S. Court of Appeals for the District of Columbia canceled permits for the Rio Grande LNG project due to inadequate environmental assessments and procedural defects in considering environmental impacts.
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Regulators failed to properly consider the project's climate impact and its impacts on environmental justice communities in Cameron County, Texas.
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The company has not conducted climate scenario analysis beyond rudimentary considerations, and there is no evidence of programs addressing disproportionate climate impacts on vulnerable communities. NextDecade has evaluated multiple technical solutions to reduce CO2e emissions at Rio Grande LNG, but this does not constitute a full life-cycle environmental assessment for product lines.
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Respect for Cultures & Communities
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No evidence available to assess NextDecade Corporation on Respect for Cultures & Communities.
Safe & Smart Tech
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No specific, concrete evidence was found in the provided articles to assess NextDecade Corporation against any of the 'Safe & Smart Tech' KPIs.
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The articles mention general cybersecurity risks and the existence of corporate governance policies like a Code of Conduct and Ethics, Whistleblower Policy, and Human Rights Policy.
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However, these do not provide specific data points related to data breaches, cybersecurity investment, privacy certifications, AI ethics, encryption implementation, or other technical security and privacy measures required by the rubric.
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General industry statistics or information about a partner company are not applicable to NextDecade's specific performance.
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Zero Waste & Sustainable Products
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No specific, concrete evidence was found in the provided articles to assess NextDecade Corporation against the 'Zero Waste & Sustainable Products' ethical value. The articles primarily discuss the company's liquefied natural gas (LNG) projects, carbon capture and storage (CCS) initiatives, and environmental mitigation efforts such as habitat and wetland restoration. These initiatives, while environmentally focused, do not provide data on waste diversion rates, product recyclability, packaging sustainability, recycled content, single-use plastic reduction, take-back programs, circular design principles, hazardous waste management, product durability, repairability, waste audit frequency, zero waste certifications, waste disposal violations, material efficiency, packaging-to-product ratio, waste reduction targets, supplier waste requirements, or customer waste education, which are the specific metrics for this value. Carbon reduction efforts, such as CCS, are explicitly excluded from this value unless directly related to waste management, which is not the case here.