About CEZ

The mission of CEZ Group is to ensure safe, reliable, and positive energy for its customers and the society at large.

CEZ Group’s vision is to introduce innovations for addressing energy needs, contributing to greater quality of life.

The VISION 2030—Clean Energy of Tomorrow strategy is aimed at a transforming the generation portfolio dynamically and achieving full climate neutrality by 2040.

CEZ Group is a stable energy group, one of the largest economic entities in Czechia and Central Europe, contributing significantly to the development of the region’s energy sector in compliance with the European Union’s sustainability targets.

CEZ Group is a safe haven for its customers, meeting their needs, ensuring reliable energy supplies for Czechia and some other European countries, and providing complex energy services..

The foundation of power generation at CEZ Group are emission-free sources. Aside from emission-free production, CEZ’s main business includes energy distribution and sales, with promising areas being support for innovations and investments in clean-tech companies.

The long-term vision of CEZ Group is to bring innovations for addressing energy needs and contribute to higher quality of life. The VISION 2030 – Clean Energy of Tomorrow strategy focuses on the dynamic transformation of the generation portfolio to low-emission, on responsible and sustainable business, and on the fulfillment of the growth strategy while respecting the specified debt level. An integral part is the commitment to fundamentally limit the generation of heat and electricity from coal by 2030 and to achieve climate neutrality by 2040. The overall goal is to provide safe and competitive energy for customers.

In its business, CEZ Group follows strict ethical standards, including taking a responsible approach to its employees, society, and the environment. We advocate principles of sustainable development, with an emphasis on the ESG (Environmental, Social, Governance) sphere being an integral part of the management of our company. CEZ Group promotes energy efficiency as well as new technologies and creates equal opportunities and an environment for its employees’ professional growth, focusing on investments in modern technologies, science, and research.

Our corporate culture is centred around security, sustained growth of internal efficiency, support of innovations in the interest of the growth of CEZ Group values, and creating an environment for the professional growth of our employees. CEZ has more than 33,000 direct employees, who take care of the delivery of energy and modern energy solutions to amount 3.5 million customers. At the same time, the financial success of the CEZ Group helps build a foundation for the entire business environment of the Czech Republic. Through its operations, CEZ Group creates more than 140,000 jobs among its subcontractors and business partners.

The Czech Republic is the most important shareholder of the CEZ parent company, holding nearly 70% of its share capital. CEZ stock is traded on the Prague and Warsaw Stock Exchanges and is included in the PX and WIG-CEE stock indices. Since its establishment, the company has paid hunderds of billion crowns to its shareholders in dividends. This includes more than 800 billion crowns paid to the Czech state.

Clean Energy for Tomorrow

CEZ has significantly accelerated its transition to a future emission-free energy sector. Our accelerated strategy “VISION 2030 – Clean Energy for Tomorrow” defines the strategic goals of CEZ Group through to 2030, taking into account the European Union’s decarbonisation vision and defining specific ambitions for the CEZ Group in the sphere of corporate social responsibility and sustainable development, aiming to maximise value for shareholders.

Our main strategic priorities:

Transform the generation portfolio into a low-emission one and reach climate neutrality.
Provide the most cost-effective energy solutions and the best customer experience in the market.
Develop CEZ Group in a responsible and sustainable manner in accordance with ESG principles.

Main strategic objectives and commitments defined under the individual strategic priorities:

Nuclear sources

Implement measures to safely achieve the generation volume in existing power plants to an average value of approximately 32 TWh and create conditions for achieving a minimum service life of sixty years.
Begin construction of the first of two units in the Dukovany Nuclear Power Plant.
Prepare the construction of small modular reactors (SMRs) at up to three sites in Czechia.

Flexibility and renewable sources

Under favorable legislative and regulatory conditions in Czechia, invest up to CZK 40 billion in RES (wind and photovoltaic facilities).
Under favorable legislative and regulatory conditions in Czechia, start the construction of up to 1.5 GW of new gas capacities ready for hydrogen combustion.
Increase the installed capacity of electricity storage to at least 300 MWe.

Classic sources

Significantly reduce heat generation from coal and build new low-emission sources for combined heat and power production.
Significantly reduce coal mining and electricity generation in coal-fired power plants; ensure long-term
development of CEZ Group’s coal-fired sites by building new low-emission sources of electricity, heat, and other downstream sectors.
Reduce the emission intensity of generation to below 0.16t of CO2e per MWh.

Electricity and gas distribution

In the electricity sector, invest in the strengthening (development and renewal) of networks, smart grids, and digitization in order to enable the transition of the Czech energy sector to zero emissions and enable a higher level of electrification of the Czech economy.
In the gas sector, prepare GasNet for the transition of the Czech energy sector from coal to natural gas and subsequently to hydrogen.

Sale – Retail sector

Digitize 100% of key customer processes.
By increasing the quality of services, maintain the NPS (Net Promoter Score) among the best suppliers on the market and increase the customer base.
Expand the product portfolio that will enable residential customers to achieve energy savings, reduce emissions, and use flexibility in the energy market.

Sales – ESCO Sector

Strengthen its role as a decarbonization leader – enable effective emission reduction and energy savings for our industrial customers, municipalities, and public administration.
Build electric mobility infrastructure.