Press releases pg. 6
CEZ Pledges to Be Carbon Neutral by 2040: Memorandum on Cooperation in Climate Protection Signed with the Czech Ministry of the Environment
The Ministry of the Environment and CEZ Group have signed a Memorandum on Cooperation in Climate Protection, the Energy Sector, and Certain Related Areas. Both parties will cooperate on comprehensive decarbonisation of all segments of the Czech economy. Furthermore, CEZ pledges to speed up achieving carbon neutrality of its operations by 10 years. The commitment undertaken as part of the Paris Agreement had originally envisaged that milestone in 2050. The Ministry will strive to support companies like CEZ in their transition to carbon neutrality, for example, by striving to simplify the permit procedure for building renewable sources of energy, in particular innovative photovoltaics and agrivoltaics.
15. 7. 2022
Investors welcome validation of CEZ Group´s carbon reduction targets
The investor group engaging with CEZ Group in the framework of Climate Action 100+ (Kempen, Generali Investments, NN Investment Partners, Northern Trust Asset Management, Robeco) have welcomed the announcement (see press release) that the Science Based Target Initiative has validated the 2030 targets of the CEZ Group as being aligned with a “well below 2°C” Paris Agreement goal.
11. 7. 2022
State to temporarily help ČEZ to finance electricity and gas trade before winter
CEZ has signed a credit agreement with the Ministry of Finance of the Czech Republic for up to EUR 3 billion. This credit agreement allows CEZ to strengthen its liquidity position. It is now at a record high level, however, due to extreme changes in gas and electricity prices, it is necessary to prepare for further extraordinary growth of funds to secure trades in energy commodities in the coming months. This is another step taken by the state and CEZ to strengthen the Czech Republic’s energy security.
8. 7. 2022
CEZ Group 2021 Sustainability Report: CEZ reduced emissions, water consumption and waste production last year
CEZ Group continues in the trend of building a more sustainable energy sector: the company has reduced the volume of emissions, water consumption in production, energy intensity of its operations, and waste production. It has also made significant progress in the construction of charging stations for e-mobility and the supply of modern energy solutions for households and businesses. CEZ Group 2021Sustainability Report maps in detail over 200 indicators in various areas. For the first time, it includes the classification of activities according to the EU taxonomy and selected activities have been audited.