CEZ Group continues to gradually improve its ESG ratings. Most recently with the international non-profit organisation CDP (formerly the Carbon Disclosure Project), which scores some 23 000 entities: primarily companies, but also governments, regions, and states. CDP’s services are used by hundreds of investors from all over the world. CEZ Group scored a B in Climate Change 2023, which is on par with the Europe regional average and the same as the thermal power generation sector average.

“Decarbonisation and achieving net-zero are key pillars of our Clean Energy of Tomorrow business strategy. I’m very glad that prominent foreign organisations appreciate our actions and subsequently reflect them in better scoring. We appreciate the shift even more because CDP recently changed its rating and scoring methodology. Grade B is a signal to us that we are doing well,” said Michaela Chaloupková, Member of the Board of Directors and Chief Sustainability Officer at CEZ.

In 2023 Science Based Target Initiative had validated overall net-zero, near-term and long-term science-based emission reduction targets of CEZ Group as being aligned with a “1.5°C” Paris Agreement goal. CEZ is the first Czech company to receive the SBTi validation.

Last year, CDP also scored CEZ in terms of efficient and sustainable water resource management: the company received a B- rating in water, an improvement over its last grade of C.

Other key players, whose ratings are considered by the most important investors, banks, and insurance companies, include MSCI (CEZ Group retained its AA rating last year) and Morningstar Sustainalytics (moved up 7.6 points into a higher category last year). According to CSR Hub, a company that compiles ratings of almost 35,000 companies from dozens of agencies into one final indicator, CEZ Group is among first fifth of the top-rated companies in the world (here).