Public Profile

Cez

Cez, a prominent player in the energy sector, is headquartered in the Czech Republic (CZ) and operates extensively across Central and Eastern Europe. Founded in 1992, the company has established itself as a leader in electricity generation, distribution, and trading, with a strong focus on renewable energy sources and sustainable practices. Cez offers a diverse range of services, including power generation from nuclear, coal, and renewable sources, as well as energy distribution and sales. Its commitment to innovation and sustainability sets it apart in a competitive market. Notably, Cez has made significant strides in expanding its renewable energy portfolio, positioning itself as a forward-thinking energy provider. With a robust market presence and a reputation for reliability, Cez continues to achieve notable milestones, contributing to the energy landscape in Europe while prioritising environmental responsibility.

DitchCarbon Score

How does Cez's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.

60

Industry Average

Mean score of companies in the Nuclear Electricity industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.

29

Industry Benchmark

Cez's score of 60 is higher than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.

100%

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Cez's reported carbon emissions

In 2023, CEZ Group reported significant carbon emissions, with Scope 1 emissions totalling approximately 15,954,322,000 kg CO2e globally. This includes emissions from various regions: 14,169,842,000 kg CO2e in the Czech Republic, 1,727,697,000 kg CO2e in Poland, 72,000 kg CO2e in Romania, and 27,174,000 kg CO2e in Slovakia. The company has set ambitious targets to reduce its carbon footprint, aiming for a 50% reduction in Scope 1 and 2 emissions per MWh by 2030 from a 2019 baseline. Additionally, CEZ Group is committed to reducing absolute Scope 3 emissions from the use of sold products by 30% within the same timeframe. CEZ Group has also established long-term goals, including achieving net-zero emissions across its value chain by 2040. This commitment includes a substantial reduction of 97.3% in Scope 1 and 2 emissions per MWh by 2040, alongside a 90% reduction in absolute Scope 3 emissions. The company is on track to decrease its emission intensity from 0.38 tCO2e/MWh in 2019 to 0.26 tCO2e/MWh by 2025, and further to 0.16 tCO2e/MWh by 2030. Overall, CEZ Group's climate commitments reflect a strong alignment with the Paris Agreement, targeting reductions that contribute to limiting global warming to well below 2°C.

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201820192020202120222023
Scope 1
-
00,000,000,000
00,000,000,000
00,000,000,000
00,000,000,000
00,000,000,000
Scope 2
444,364,000
000,000,000
000,000,000
00,000,000
-
-
Scope 3
-
00,000,000,000
00,000,000,000
0,000,000,000
00,000,000,000
00,000,000,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Cez's primary industry is Electricity by nuclear, which is low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Cez is in CZ, which has a very high grid carbon intensity relative to other regions.

Reduction initiatives & disclosure networks

Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.

Cez is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

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