Sustainability in CEZ Group

CEZ Group's plans to achieve climate neutrality by 2040 have been validated by the globally recognized expert initiative SBTi in line with the Paris Agreement to limit the increase of global warming to no more than 1.5°C.

CEZ Group was the first in the Czech Republic to join the assessment of the impact of its business on the environment, landscape, ecosystems and biodiversity in accordance with the recommendations and assessment criteria of the Task Force on Nature-related Financial Disclosures (TNFD).

CEZ Group has improved its ESG rating with CDP, one of the world's leading organisations focused on assessing public administration and companies from a sustainability perspective. In the key area of tackling climate change, CEZ has scored a B, an improvement of two ranks since 2021. 

ČEZ Distribuce connected a record 52,109 photovoltaic power plants with an installed capacity of 605.5 MW to the grid last year.

We are the largest operator of charging stations in the Czech Republic with 660 public charging stations with a total capacity of almost 50 MW. In 2023, we have built more than 145 charging stations for electric vehicles.

CEZ Group, together with the CEZ Foundation, is one of the largest corporate donors in the Czech Republic. In 2023, financial donations from CEZ Group companies totaled CZK 499 million.

In cooperation with the Czech government, CEZ Group has secured capacity in the newly built LNG terminal in Stade (Germany) and gained a long-term annual capacity of 2 billion cubic meters.

For the fourth time in a row, CEZ Group ranked 1^st in 3 categories: in the Energy, Gas and Petrochemical category, in the Technician category and in the Clear Choice category.

CEZ Group has closed its first loan tied to an ESG rating at the end of 2023.

CEZ Group won in the categories Best Sustainability Reporting in EMEA and Sustainability Leader of the Year 2023.

CEZ Group became a signatory to the UN's Global Women's Empowerment Principles (WEPs) initiative, which supports companies in creating equal opportunities and empowering women.