Press releases pg. 7
CEZ becomes first Czech company to have climate targets validated
The CEZ Group’s plan to halve emissions from electricity production by 2030 has been endorsed by the globally recognised expert initiative SBTi. CEZ is the first Czech company to receive the official validation that the declared targets of the largest Czech energy company are in line with the Paris Agreement on limiting global warming. International verification of companies’ decarbonisation targets has become a requirement of banks, insurance companies and investment funds.
23. 6. 2022
CEZ will acquire Škoda JS, a major Czech company dedicated mainly to nuclear servicing and engineering
The energy company CEZ Group will become a sole owner of Škoda JS, a prominent Czech nuclear energy company, thus solving the problem of this major supplier, which became part of the Russian engineering group OMZ, controlled by Gazprombank, several years ago. Due to the current situation, Škoda JS has been at risk of sanctions, which has a potential impact on their ability to maintain key services and supplies for CEZ’s nuclear power plants.
17. 6. 2022
CEZ Group Earned CZK 26.7 billion in Q1; Shareholders to Receive a Record-High Dividend Next Year
Operating Revenues increased by 29% year-on-year to CZK 76.0 billion and Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) by CZK 25.8 billion to CZK 43.7 billion. Net Income reached CZK 26.7 billion, up CZK 18.3 billion. The Q1 results reflect record-high profits from commodity trading in Western European markets, high operational reliability of power plants and enormous growth in commodity prices on wholesale markets. In addition, specific temporary effects of nearly CZK 8 billion were positive, but these will be eliminated during 2022. Nevertheless, CEZ Group raises its full-year EBITDA guidance to CZK 95 to 99 billion and Net Income adjusted for extraordinary effects to CZK 45 to 49 billion.
10. 5. 2022
International Agencies Increase ČEZ’s ESG Rating
Major international agencies focused on the ESG rating of corporations have increased ČEZ Group’s rating by several percentage points. The company’s rating has improved, for example, with the world’s largest ESG rating provider MSCI, the US financial company S&P Global, and with the Institutional Shareholder Services (ISS). Last May, ČEZ Group announced its goal to be among the best 20% of companies in the energy sector in terms of sustainability rating.