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.
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.
Mean score of companies in the 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.
Cez's score of 47 is higher than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, CEZ Group reported total carbon emissions of approximately 15,954,322,000 kg CO2e globally, with significant contributions from Scope 1 emissions at about 15,954,322,000 kg CO2e and Scope 3 emissions at approximately 13,532,370,000 kg CO2e. The company has set ambitious climate commitments, aiming to achieve net-zero greenhouse gas emissions across its value chain by 2040, using 2019 as the base year. CEZ Group has established near-term targets to reduce Scope 1 and 2 greenhouse gas emissions by 83% per MWh by 2033 and to cut absolute Scope 3 emissions from the use of sold products by 58.8% within the same timeframe. Long-term goals include a 97.3% reduction in Scope 1 and 2 emissions per MWh by 2040 and a 90% reduction in absolute Scope 3 emissions. These targets align with the Science Based Targets initiative (SBTi) and are designed to support the global effort to limit warming to well below 2°C, with a commitment to biogenic emissions and removals associated with bioenergy included in the target boundaries. CEZ Group's proactive approach reflects its dedication to sustainability and climate responsibility within the energy sector.
Access structured emissions data, company-specific emission factors, and source documents
Add to project2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2025 | |
---|---|---|---|---|---|---|---|
Scope 1 | 26,802,633,000 | 000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 000 |
Scope 2 | 444,364,000 | 000 | 000,000,000 | 00,000,000 | - | - | 000 |
Scope 3 | 18,322,716,000 | 000 | 00,000,000,000 | 0,000,000,000 | 00,000,000,000 | 00,000,000,000 | 000 |
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 committed to some reduction initiatives 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.