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 67 is higher than 98% 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 2024, CEZ Group reported total greenhouse gas emissions of approximately 27,297,627,000 kg CO2e, with Scope 1 emissions accounting for about 15,476,307,000 kg CO2e and Scope 3 emissions at approximately 11,821,305,000 kg CO2e. The company has set ambitious targets to reduce its emissions intensity from 0.38 tCO2e/MWh in 2019 to 0.26 tCO2e/MWh by 2025, representing a reduction of about 31.58%. By 2030, the target is to further decrease this intensity to 0.16 tCO2e/MWh, achieving a total reduction of approximately 57.89%. CEZ Group's long-term commitment includes reaching net-zero emissions across its value chain by 2040, with interim targets to reduce Scope 1 and 2 emissions by 83% per MWh by 2033 from a 2019 baseline. Additionally, the company aims to cut absolute Scope 3 emissions from the use of sold products by 90% within the same timeframe. These targets align with the Science Based Targets initiative (SBTi) and reflect CEZ's commitment to the Paris Agreement's goal of limiting global warming to well below 2°C. In 2023, CEZ's Scope 1 emissions were reported at approximately 15,964,322,000 kg CO2e globally, with significant contributions from various regions, including 14,169,842,000 kg CO2e in the Czech Republic. The company is actively working towards reducing its reliance on coal, aiming to decrease its share of electricity generation from coal from 39% in 2019 to 25% by 2025 and to 12.5% by 2030. Overall, CEZ Group's climate commitments demonstrate a robust strategy to mitigate its carbon footprint while transitioning towards more sustainable energy production.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | - | 00,000,000,000 | 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 | 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.
