CEZ Group

CEZ Group, based in CZ and providing distribution and trade services of electricity, is committed to reducing its carbon emissions.

In 2024, CEZ Group's total reported emissions were approximately 27.3 billion kg CO2e. This included Scope 1 emissions of about 15.5 billion kg CO2e and Scope 3 emissions of roughly 11.8 billion kg CO2e. Scope 2 emissions were reported as approximately 28,000 kg CO2e (market-based).

Looking back, in 2023, the company reported total emissions of around 27.3 billion kg CO2e, with Scope 1 emissions at approximately 16 billion kg CO2e and Scope 3 emissions at about 13.5 billion kg CO2e. In 2022, CEZ Group's Scope 1 emissions were approximately 18.2 billion kg CO2e and Scope 3 emissions were roughly 10.9 billion kg CO2e. For 2021, Scope 1 emissions were around 19 billion kg CO2e, Scope 2 emissions were about 26.7 million kg CO2e, and Scope 3 emissions were approximately 10.5 billion kg CO2e.

CEZ Group has set ambitious reduction targets. For its near-term goals, the company aims to reduce its Scope 1 and Scope 2 GHG emissions by 83% per MWh by 2033, against a 2019 baseline. Furthermore, CEZ Group is committed to reducing absolute Scope 3 GHG emissions from the use of sold products by 58.8% within the same timeframe.

For long-term objectives, CEZ Group intends to reduce Scope 1 and Scope 2 GHG emissions by 97.3% per MWh by 2040, compared to a 2019 baseline. The company also aims to achieve a 90% reduction in absolute Scope 3 GHG emissions from the use of sold products within the same long-term timeframe. Additionally, CEZ Group targets a reduction in emission intensity (tonnes CO2e/MWh) by over 50% by 2030 relative to 2019. Its climate targets are aligned with the Science Based Targets initiative (SBTi), with short-term targets validated in May 2022.