Cez Sustainability Profile
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.
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.
Industry Benchmark
Cez's score of 58 is higher than 88% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Cez's reported carbon emissions
In 2023, CEZ Group reported significant carbon emissions, with Scope 1 emissions totalling approximately 16,000,000,000 kg CO2e globally. The company has set ambitious climate commitments, aiming to reduce its greenhouse gas emissions intensity from 0.38 tCO2e/MWh in 2019 to 0.26 tCO2e/MWh by 2025, representing a reduction of about 31.58%. This target is aligned with the Paris Agreement's goal of limiting global warming to well below 2°C. Looking ahead, CEZ Group has committed to achieving net-zero emissions across all scopes by 2040, with interim targets including an 83% reduction in Scope 1 and 2 emissions per MWh by 2033, and a 90% reduction in absolute Scope 3 emissions from the use of sold products within the same timeframe. These targets are part of a broader strategy to transition towards sustainable energy practices and are consistent with the Science Based Targets initiative (SBTi) guidelines. The company has also reported a decrease in emissions intensity for electricity generation, with projections to further reduce this to 0.16 tCO2e/MWh by 2030. CEZ Group's climate strategy reflects a commitment to significant emissions reductions, positioning it as a leader in the energy sector's transition to a low-carbon future.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| 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 | 000,000,000 | - | - |
| Scope 3 | - | 00,000,000,000 | 00,000,000,000 | 0,000,000,000 | 00,000,000,000 | 00,000,000,000 |
How Carbon Intensive is Cez's Industry?
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Cez's Scope 3 Categories Breakdown
Cez's Scope 3 emissions, which increased by 24% last year and decreased by approximately 26% since 2019, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 46% of total emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 69% of Scope 3 emissions.
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Cez's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Cez has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Cez's sustainability data and climate commitments