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.
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 57 is higher than 93% 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 total Scope 1 emissions amounting to approximately 15,954,322,000 kg CO2e globally. This includes emissions from mobile combustion (about 57,642,000 kg CO2e) and fugitive emissions (about 20,000 kg CO2e). The company also disclosed Scope 3 emissions, which totalled approximately 13,532,370,000 kg CO2e, primarily from the use of sold products (about 9,338,407,000 kg CO2e). CEZ Group has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across its value chain by 2040, using 2019 as the base year. The company has established near-term targets to reduce Scope 1 and 2 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. CEZ's emissions intensity has improved, with a reduction from 0.38 tCO2e/MWh in 2019 to a target of 0.26 tCO2e/MWh by 2025. These initiatives reflect CEZ Group's commitment to sustainability and its alignment with industry standards for climate action.
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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 | 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
Location emissions intensity
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.
