CEZ Group Code of Conduct
CEZ Group management promotes ethical values in all business activities and conduct. Management clearly states its objective in two primary documents: the CEZ Group Code of Conduct (hereinafter „Code of Conduct“) and the Compliance Management System Policy.
The Code of Conduct sets forth ethical rules for employees and members of CEZ Group’s statutory bodies. The Compliance Management System Policy sets out the responsibilities, conditions, and tools for ensuring compliance with legal obligations and ethical standards in CEZ Group. Details of practical measures (e.g., training, prevention of conflicts of interest, whistleblowing, investigations) are part of the subsequent internal guidelines.
The Board of Directors of ČEZ, a. s., accepts full responsibility for compliance with the adopted ethical standards. This responsibility includes, among other things, the creation of appropriate conditions, adequate resources, effective governance structures, and control mechanisms.
The Code of Conduct, first published in 2015, undergoes regular reviews to reflect legislative demands and best practices.
The Code of Conduct is binding for all employees. New employees must review it upon hiring. Since 2022, subsequent training takes place annually (previously once every two years), with a target of at least 95% of staff participating. In 2023, 98.17% of employees of CEZ Group companies, whose training is provided by the Human Resources Development Department of ČEZ, a. s., received training on the Code of Conduct.