ČEZ Group

RATING

SECTOR

Utilities

WEBSITE

CONTACT

Duhova 2/1444
Praha 4
Prague 140 53
Czech Republic
420 2 1104 1111

STOCK EXCHANGE

LISTING

N/A

EMPLOYEES

27,659

CHIEF SUSTAINABILITY OFFICER

Michaela Chaloupková

AWARDS

  • Gold level in the category of TOP Responsible Large Corporation 2018 — awarded by Business for Society
  • Gold level in the category of TOP Responsible Corporation Reporting 2018 — awarded by Business for Society
  • Project of the Year title — gold level in the category of TOP Responsible Corporation Corporate Volunteering 2018 — Time for a Good Cause — awarded by Business for Society

CONTENT SOURCE

FURTHER READING

N/A

ČEZ Group

SECTIONS :  Sustainability    Evaluation  •  Progress  •  Watch  •  Overview

Company Activity

ČEZ Group is an established, integrated electricity conglomerate with operations in a number of countries in Central and Southeastern Europe and Turkey, headquartered in the Czech Republic. Its principal businesses encompass generation, trading, and distribution of power and heat, as well as coal mining. The shares of the Group’s parent company, CEZ, a. s., are traded on the Prague and Warsaw Stock Exchanges, where they form a significant part of the respective indexes. As of December 31, 2018, the Czech Republic remained the company’s largest shareholder with a nearly 70% stake in the stated capital.
 
Apart from the production and sale of electricity, ČEZ Group also deals in telecommunications, informatics, nuclear research, planning, construction and maintenance of energy facilities, mining raw materials, and processing energy by-products. ČEZ Group is currently one of the three largest heat suppliers in the Czech Republic.
 
The parent company and core of ČEZ Group is CEZ, a. s. the largest electricity producer in the Czech Republic, founded in 1992 by the National Property Fund. ČEZ Group was created in 2003, when ČEZ, a. s. merged with several regional distribution companies. Today, ČEZ Group belongs among ten of the largest energy companies in Europe, both in terms of installed capacity and number of customers. It occupies a leading position on the electricity market in Central Europe.

Philip Morris International (PMI) is a leading international tobacco company engaged in the manufacture and sale of cigarettes, smoke-free products and associated electronic devices and accessories, and other nicotine-containing products in markets outside the U.S. PMI is building a future on a new category of smoke-free products that, while not risk-free, are a much better choice than continuing to smoke. PMI’s smoke-free IQOS product portfolio includes heated tobacco and nicotine-containing vapor products. 

According to PMI, their priority is to “attract, support and keep up with diverse and unique individuals”. Their “global workforce of more than 77,000 people” is “one of their greatest strengths and the key to the success as a company.” Their “employees speak more than 80 languages and come from all corners of the world.”

PMI is dedicated to doing something very dramatic – they “want to replace cigarettes with smoke-free products as fast as possible.”

That’s why as stated, they “have more than 400 scientists, engineers, and technicians developing less harmful alternatives to cigarettes at their two research facilities in Switzerland and Singapore.”

It’s the biggest shift in their history. And it’s the right one for their consumers, their company, their shareholders, and society.

Company Sustainable Activity

ČEZ group on their website states, “we see sustainable development as growth that fulfills current social needs while also protecting the satisfaction of future generations’ needs.” 
 
What sustainability means to them in practice is striking a balance between economics, social and civic aspects of life, and the environment, every day. ČEZ Group has been involved in voluntary beneficial activities since its establishment. Over time, they have advanced from social responsibility to sustainability and, likewise, from CSR (corporate social responsibility) reports to sustainability reports. 
 
The first sustainability report ČEZ published according to international GRI guidelines was for 2016. They respect the sustainability agenda adopted by the government—Czech Republic Strategic Framework 2030—and apply two key principles of the United Nations 2030 Agenda: quality of life and sustainability. 
 
 

Certificates

  • OHSAS 18001
  • ISO 14001
  • ISO 9001
  • ISO 50001
  • EMS (Environmental Management System) certifications

Sustainable Development Goals

How company covers SDGs

According to the company, the ČEZ strategic framework is based on seventeen global sustainable development goals (SDGs). They link selected global topics to ČEZ Group’s sustainable development strategy.

Progress

According to the company, ČEZ managed to reduce SO2 emissions by 6.5% and NOx emissions by 4% in 2018; there was also a corresponding decrease in emissions per generated electricity for both pollutants (by 6.5% for SO2 and 4.1% for NOx ). PM emissions increased by 55 tons year-on-year, which is an increase of 3.6%; the emission rate per generated electricity increased by 4.1%. Generation from coal decreased by 4.3%, nuclear generation increased by almost 6%, and generation from natural gas increased by more than 11% in 2018. Despite an eight-percent drop in renewable generation in connection with unfavorable weather conditions, their CO2 emission factor decreased by almost 4% year-on-year. There was also a decrease of almost 5% in CO2 emission intensity per generated electricity in Czechia.

ČEZ follows “Energy for the Future,” which is a strategy related to sustainable development in the long term. In addition, it follows 14 of the recommended 17 SDGs. It also has a list of recognized certifications like the ISO 14001, 9001, and others. They have won several awards because of their contribution to sustainability as well. Regardless of all that, ČEZ generates petrochemicals which can greatly harm the environment even if great efforts are taken towards sustainability.

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