Press releases pg. 1

Sustainibility and ESG
Environment and renewable resources
Power plants

ČEZ Group develops unique solution for securing photovoltaic panels in unstable subsoil

The central sections of conveyor belts in strip coal mines could serve as structures for carrying photovoltaic power plants in the future. Normally, these structures are bored into the ground; however, the common solution cannot be used in areas with unstable subsoil, such as spoil heaps, waste ponds, and other unfirm areas. Engineers from PRODECO, a company from the ČEZ Group, have been developing prototypes that are able to cope with moving soil. Moreover, retired mining equipment could get a second life and a new purpose. In pursuing its vision of Clean Energy for Tomorrow, ČEZ Group will build new photovoltaic power plants with a capacity of thousands of MWs by 2030.

24. 5. 2024

Sustainibility and ESG
Environment and renewable resources

CEZ Group 2023 Sustainability Report: direct GHG emissions down by 12%, investments into sustainable activities up by CZK 4.7 billion

CEZ Group production continues becoming greener. Last year, the company reduced direct greenhouse gas emissions by 12% year on year, which corresponds to a saving of approximately 2.2 million tonnes of CO2. CEZ is on a good track to achieve its goal of climate neutrality by 2040. Simultaneously, the biggest Czech utility increased investments in taxonomy-aligned activities: last year, they accounted for over two-thirds of all investments, up by CZK 4.7 billion year on year. Recent ESG statistics are presented in the new CEZ Group Sustainability Report 2023. It presents close to 300 diverse environmental, social, and governance indicators.

3. 5. 2024

Sustainibility and ESG
Economics and financial news

A lower interest rate in exchange for lower emissions: CEZ closes its third sustainability-linked loan, can draw up to CZK 2.5 bn from CaixaBank

CEZ has negotiated another sustainability-linked loan – its third already – connected to ESG rating. The credit line provided by the CaixaBank branch operating in the Polish market amounts to CZK 2.5 billion. As in the case of the two previous credit agreements, if CEZ meets its decarbonisation commitments in the coming years, it will obtain a more favourable interest rate at draw-down, whereas if its ESG parameters deteriorate, its interest rate will jump up. In total, CEZ can draw up to CZK 13.5 bn from all three loans linked to ESG. In terms of sustainability, CEZ Group is currently among the top 13% best-rated publicly traded companies in the world.

11. 4. 2024

Sustainibility and ESG
Environment and renewable resources
Foreign activities
Economics and financial news

Inven Capital backs clean mobility via British zero-emission intercity transport start-up Ember

*Ember runs pro-customer intercity electric bus service in Scotland and is building its own charging network connected primarily to renewable sources
*Their unique technological platform effectively optimizes routing, recharging, maintenance, and customer service
*Ember started in 2020 with 2 electric buses between Edinburgh and Dundee, now they service over 20 towns with 24 vehicles
*CEZ Group will strengthen its expertise in low-carbon public transportation
*Transport produces approx. 20% of the world's CO2 emissions, almost half of which is passenger transport by road
CEZ Group's investment fund Inven Capital is expanding its portfolio of investments with the British start-up Ember, that takes a complex approach to ensuring emission-free intercity transport service. They combine ecological vehicles, on the development of which they actively cooperate with manufacturers, with their own charging infrastructure powered primarily by renewable resources, and unique tech platform, which optimizes routes, charging and vehicle utilization. Ember is not only looking to grow the fleet of all-electric buses connecting the cities of Edinburgh, Perth, Glasgow and Dundee, but is also considering expanding to other areas. In the investment round co-led by Inven Capital, Ember raised 11 million GBP from investors for further development.

26. 3. 2024