Press releases pg. 2

CEZ Group has joined the approximately 1,000 companies around the world that will assess the impact of their business on the environment, landscape, ecosystems, and biodiversity in accordance with the recommendations and assessment criteria of the Task Force on Nature-related Financial Disclosures (TNFD). At the end of last year, the TNFD released a methodology for companies to financially assess not only their impacts on nature, but also the financial benefits of functional ecosystems for their business. Some investors and financial institutions already require companies to quantify their impacts, and such reporting is also included in the European legislation on sustainability (the CSRD). A list of all the initial supporters who have pledged reporting in accordance with the TNFD, as CEZ has done, was published at the current meeting of the World Economic Forum in Davos.

CEZ Group's plans to achieve net-zero by 2040 have been validated by the globally recognised SBTi expert initiative. CEZ already received confirmation last year of its near-term climate goals set out in the Vision 2030 - Clean Energy for Tomorrow strategy. They now become the first Czech company with a confirmation that their long-term plan is sufficiently ambitious and in line with the Paris Agreement to limit global warming to 1.5°C. International verification of decarbonisation targets is increasingly being requested by banks, insurance companies and investment funds. This year, CEZ expects the emission intensity to decrease by 7% in comparison with last year.

The shuttle service providing a connection between the Budějovická (C) metro station and Brumlovka is 100% electric. Two SOR electric buses have been in operation since February 2016, and a third electric bus started operation in September of this year. The reliable emission-free vehicles have travelled more than 300,000 km in over 7 years, which is equivalent to circumnavigating the world eight times. These are the first free electric buses that have been put into normal operation in Prague’s public transport. Passengers appreciate their quiet and smooth ride and the possibility of connecting to Wi-Fi for free.

Eemshaven was the very first terminal for liquefied natural gas put into operation in Europe after the start of the war in Ukraine. The facility can process up to eight billion cubic metres of gas a year, of which up to three billion are destined for the Czech Republic, a volume equal to more than a third of the country’s annual consumption. The multinationals Shell and Engie also use the terminal besides CEZ. No Russian gas has ever arrived at the terminal, one of the specific conditions in the tender.