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.
Ethical rules, including anti-corruption actions, are also defined for all suppliers of CEZ Group in the Commitment to Ethical Conduct, which is an integral part of agreements concluded with suppliers and which is published on CEZ Group‘s website. Compliance with the specified rules is regularly verified through internal audits and compliance checks, including checks of CEZ Group’s suppliers.
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.
To report concerns or instances of misconduct or unethical behavior that violate the CEZ Group Code of Conduct or other internal or external regulations, you can use the Whistleblowing hotline.
The CEZ Group Code of Conduct is effective from 16 September 2024.