Standards and initiatives

The SBTi initiative defines and promotes ambitious science-based approaches to setting climate targets, provides technical and expert support to companies wishing to set climate targets, and independently evaluates these proposed corporate targets.

CDP is a not-for-profit charity that runs the global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts.

Since 2022 CEZ Group has been committed to the UN Global Compact corporate responsibility initiative and its principles in the areas of human rights, labour, the environment and anti-corruption.

Since 2022 CEZ Group is a CEO Water Mandate endorsing company to demonstrate its ongoing commitment to the initiative and its six commitment areas.

GRI is an independent international organization that helps businesses and other organizations take responsibility for their impacts, by providing them with the sustainability standards. GRI standards are the most widely used sustainability standards in the world. The advantage of the GRI standards is their general focus on individual ESG topics. The use of standards is voluntary; any company can report in accordance with the standards. Thanks to a uniform methodology, GRI standards allow companies and their ESG activities to be compared against each other.

SASB is an independent, non-profit organisation. SASB standards guide the disclosure of financially material sustainability information in specific industries therefore they are sector specific. These are primarily numeric indicators that significantly affect or can affect the operations and therefore the financial position of companies in a given industry. SASB standards, which are voluntary, provide investors and other stakeholders with important information about companies’ ESG performance.

The Financial Stability Board (FSB) created the TCFD to develop recommendations on the types of information that companies should disclose to support investors, lenders, and insurance underwriters in appropriately assessing and pricing a specific set of risks—risks related to climate change.

CEZ Group has committed to prepare an analysis of the assessment of the impact of its business on the environment, landscape, ecosystems and biodiversity according to the recommendations and evaluation criteria of the TNFD.

As a non-profit organisation, WEF contributes to the harmonisation of ESG reporting. WEF builds on existing standards and frameworks for non-financial reporting. WEF mostly draws from the GRI and SASB standards and partly also from TCFD, CDSB, GHG Protocol, SBTi and others. WEF groups its metrics and indicators into 4 pillars (Principles of Governance / Planet / People / Prosperity) and divides them into core and expanded. The use of metrics and indicators is voluntary.

The European Diversity Charter is a project of the European Commission, which aims to promote and implement diversity, flexibility and inclusion in the labour market in EU countries. The aim is to promote and implement diversity, flexibility and inclusion as key values in the labour markets of individual member states in cooperation with employers, public institutions, schools, etc. However, it is also important to connect them with each other – to inspire and share know-how, experience and examples of good practice.

The WEPs initiative is founded by the UN Global Compact and UN Women and builds on the foundations of international labour standards and international human rights, which assume the responsibility of companies as employers for equal opportunities for women and men, as well as for women's empowerment. By joining the WEPs community, we express our will to strive for further empowerment of women in CEZ Group. The tools to promote equal opportunities for women and men in the workplace include, for example, equal pay for equal work, popularization of the topic of strengthening the role of women in society, sharing experience and successes, active support and inspiration for other organizations, support for activities and inspiring projects that are linked by the same idea and taking measures that support work life balance, especially for parents and people caring for family members,  as well as programs supporting the return of women (men) after maternity/parental leave, without restrictions in career, professional development and advancement.

It brings together mainly women working in the fields of nuclear energy, research, education and wherever ionizing radiation and radionuclides are used for peaceful purposes. The association is part of the international organization WIN Global, which includes national groups in more than 130 countries around the world, bringing together tens of thousands of female professionals. WIN Czech Republic is one of the sections of the professional organization Czech Nuclear Society. The association was founded in 2000 at a women's meeting held in Dukovany on the occasion of 15 years of operation of the Dukovany Nuclear Power Plant. It currently has 90 members. A large part of the members are employees of the ČEZ Group.

By signing the memorandum, we have openly declared our active support for LGBT+ topics not only internally as part of employee care. The public promise included, for example, the development of a corporate culture and a safe environment that allows for open discussion with regard to a fair approach to LGBT+ employees.

We are members of a non-profit organization that connects active women with the aim of supporting their economic independence. The organization is involved in the topics of equal pay, the position and influence of women in society. It organizes mentoring programs.  It is an ambassador of the Women's Empowerment Principles project. It‘s part of the BPW International network, which operates in more than 100 countries around the world and builds on the legacy of Františka Plamínková, one of the first Czech members and founders of BPW in 1930.

We are signatories of the Charter against Domestic Violence. Together with other companies, we strive to help victims from among our own employees. According to public statistics, one in five women has experienced physical or sexual violence at some point. In many cases, however, men are also victims. By joining the Charter against Domestic Violence, we commit, for example, to raising awareness and awareness of this issue, to introducing processes that will allow an effective response to situations where a colleague is at risk of domestic or gender-based violence, or to cooperate with organizations that provide services for victims.