CEZ Group Sustainability Profile
CEZ Group, officially known as ČEZ, a. s., is a leading energy conglomerate headquartered in the Czech Republic (CZ). Founded in 1992, the company has established a strong presence across Central and Eastern Europe, with significant operations in countries such as Poland, Romania, and Bulgaria. As a key player in the energy sector, CEZ Group focuses on electricity generation, distribution, and trading, alongside renewable energy initiatives. The company is renowned for its commitment to sustainability and innovation, particularly in the development of wind and solar power projects. With a robust market position, CEZ Group has achieved notable milestones, including being one of the largest producers of electricity in the region. Its dedication to efficient energy solutions and customer service sets it apart in a competitive landscape.
DitchCarbon Score
How does CEZ Group'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 Electricity Distribution 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 Group's score of 37 is higher than 63% 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 Group's reported carbon emissions
In 2022, CEZ Group reported significant carbon emissions, totalling approximately 18,161,112,000 kg CO2e for Scope 1, 15,564,000 kg CO2e for Scope 2, and 12,262,775,000 kg CO2e for Scope 3 emissions. The Scope 3 emissions included substantial contributions from the use of sold products (about 11,265,875,000 kg CO2e) and fuel and energy-related activities (approximately 2,539,640,000 kg CO2e). CEZ Group has set ambitious climate commitments, aiming to reduce the share of electricity generated from coal from 39% in 2019 to 25% by 2025 and to 12.5% by 2030. This represents a 14% reduction in coal dependency by 2025 and a total reduction of 26.5% by 2030. Additionally, the company has aligned its climate goals with the Science Based Targets initiative (SBTi), targeting a more than 50% reduction in emission intensity by 2030 compared to 2019 levels. The emissions data is cascaded from CEZ, a. s., the parent company, which oversees the group's overall climate strategy and performance. CEZ Group's commitment to reducing its carbon footprint reflects a proactive approach to addressing climate change and aligns with global sustainability efforts.
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| 2009 | 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|---|
| Scope 1 | 32,608,000,000 | 00,000,000 | 00,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
| Scope 2 | - | 0,000,000 | 0,000,000 | 000,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | 000,000 | 000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
How Carbon Intensive is CEZ Group's Industry?
How Carbon Intensive is CEZ Group's Location?
CEZ Group's Scope 3 Categories Breakdown
CEZ Group's Scope 3 emissions, which increased by 17% last year and increased significantly since 2018, 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 40% of total emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 92% of Scope 3 emissions.
Top Scope 3 Categories
CEZ Group'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 Group 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.
