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CEZ Group

Governance

VISION 2030

CEZ Group's values are the basis of the corporate culture on which we have grown over the years. The values represent shared beliefs and desired conduct expected of all our employees. Embedded in key governing policies, these values are naturally integrated into the company. As a result, the values positively influence the internal atmosphere, external perception, customer satisfaction, and business results of CEZ Group.

Our governance targets

  • Diversity and equal opportunities

    We will reach 30 % female representation in management.

     

  • Business ethics

    We will increase the frequency of employee training in the Business Ethics, training at least 95 % of employees annually from 2022 onwards.

  • Management of Relationships with Suppliers

    Implement actions to promote ESG sustainability criteria in the supply chain.

The following principles represent our corporate values:
SafetySafety
PerformancePerformance
InnovationInnovation
ExpertiseExpertise
CooperationCooperation

We encourage employees to put the principles at the forefront of their daily working lives. In doing so, employees create synergies innate to CEZ Group and help to implement our strategy and vision. Accordingly, we attempt to set the right values and principles to create the right work environment and build a strong team.

Highlights

We are an ESG leader - ilustrace
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We are an ESG leader

We published our first ESRS/CSRD Sustainability Report, which was independently audited and fully integrated into the 2024 Annual Financial Report. The report was prepared with maximum transparency and clearly presents our sustainability strategy, including a transition plan linking VISION 2030, specific targets, and actions. CEZ Group received the ESG Transparency Award 2025, awarded by the international market research organization EUPD Research.

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CEZ Group Code of Conduct
CEZ Group Code of Conduct

The Board of Directors of ČEZ, a. s., accepts full responsibility for compliance with the adopted ethical standards. This responsibility includes, among other things, the creation of appropriate conditions, adequate resources, effective governance structures, and control mechanisms. The management clearly formulates its goal in two main documents: CEZ Group‘s Code of Conduct and CEZ Group‘s Compliance Management System Policy (CMS).

The Code of Conduct sets forth ethical rules for employees and members of CEZ Group‘s statutory bodies. The Code of Conduct is binding on all CEZ Group employees. Familiarity with the Code of Conduct is verified by regular mandatory online training. Employees must actively declare their compliance with the ethical principles and rules of CEZ Group. CEZ Group‘s Code of Conduct is based on the legal system of the Czech Republic and the European Union and fully respects relevant standards, international agreements on human rights, international labor standards of the ILO, and anti-corruption and environmental protection agreements.

Employees of CEZ Group companies are required to complete training in the area of ethical principles and requirements of the anti-bribery management system upon joining the company and then once a year. The target is for at least 95% of employees to participate. In 2025, 95.2% of employees across all CEZ Group companies completed the training. The training covers a wide range of topics and provides a good understanding of our policy on proper business conduct, including anti-corruption and ethical principles as well as whistleblower protection (Whistleblowing Hotline training). Our ethical principles also include a commitment to comply with fair competition rules. During the training, employees are introduced not only to anti-corruption rules, but also to the principles of fair business. The Board of Directors of ČEZ, a. s., undergoes training on the Code of Conduct and compliance with the rules of CEZ Group, including anti-corruption rules, at annual intervals, similarly to other employees.

CEZ Group Code of Conduct

Commitment to Ethical Conduct.

SDGs
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We respect the sustainability agenda adopted by the Czech government in the strategic Framework Czech Republic 2030 and we apply two key principles of the United Nations 2030 Agenda: quality of life and sustainability. The Czech strategic framework is based on seventeen global sustainable development goals (SDGs) adapted by the United nations member States in 2015. We link the selected global topics to CEZ Group’s sustainable development strategy.

In 2015, countries adopted the 2030 Agenda for Sustainable Development and its 17 Sustainable Development Goals.

Main SDGs
  • Gender Equality

    CEZ Group has had a long history of promoting diversity. In 2014, we were one of the first signatories of the European Diversity Charter in Czechia. Following the Diversity Charter, we are committed to maintaining a workplace environment open to all, irrespective of their gender, race, skin color, nationality, ethnicity, religion, disability, age, sexual orientation, political affiliation, or trade union membership. We support equal opportunities for women and their full and effective participation in decision-making at all levels of private and public life. In December 2021, the Board of Directors adopted a Diversity and Inclusion Policy, binding for all CEZ Group companies. The policy declares a culture of diversity, respect, trust, equal opportunities, and workplace dignity. The policy outlines a comprehensive approach to the company’s diversity goals.

  • Peace, Justice and Strong Institutions

    We have absolute respect for human rights and clearly declare our stance in the Code of Conduct. We operate only in countries with a strong human rights legal framework. Each country in which we operate is a signatory of the International Labor Organization conventions, and respect for human rights is a norm in CEZ Group. As a UN Global Compact participant, we duly subscribe to its principles. We reject forced or compulsory labor and child labor in our entire value chain. As an employer, we strive to maintain social peace. We recognize the importance of the right to freedom of association and collective bargaining, occupational health and safety, and fair and satisfactory working conditions. At the same time, we only work with suppliers who also subscribe to these principles.

Other SDGs

  • Partnerships for the Goals

    We have partnered with multiple organizations to increase our reach and create synergies through cooperation. In Czechia, we are members of Association of Social Responsibility, Business Leaders Forum, and Business for Society. Globally, we joined UN Global Compact, UN CEO Water Mandate, Science Based Targets initiative (SBTi), and Carbon Disclosure Project (CDP). We have joined the Pride Business Forum Memorandum and signed a Memorandum on Cooperation in Climate Protection, the Energy Sector, and Certain Related Areas with the Czech Ministry of the Environment to support national efforts in reaching SDGs by 2030.

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