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CEZ Group

Stakeholder dialog

CEZ Group builds relationships with stakeholders based on its Community Relations Policy, which covers all business activities with the aim of ensuring effective stakeholder engagement. The goal is to create long-term, stable, and trustworthy relationships based on mutual trust, recognition of commitments and legitimate interests, and open communication.

The Community Relations Policy is based on seven key principles of stakeholder engagement:

  • Accountability

    We act responsibly and build relationships based on ethics, integrity, sustainable development, and respect for human rights and communities affected by CEZ Group's business activities.

  • Transparency

    We act transparently in our relationships and financial and non-financial communications, sharing truthful, relevant, complete, transparent, and useful information.

  • Active perception

    We train our employees to listen actively, promote two-way and effective communication, and engage in direct, smooth, constructive, diverse, inclusive, and cross-cultural dialogue.

  • Participation and engagement

    We encourage stakeholder participation and engagement in all CEZ Group business activities, supporting voluntary consultation processes or similar avenues of information exchange, particularly in the planning, construction, operation, and decommissioning of CEZ Group power projects.

  • Consensus

    We strive to reach consensus with stakeholders, especially local communities and populations, considering their views and expectations.

  • Cooperation

    We encourage cooperation with stakeholders to contribute to the CEZ Group's goals and values and to the achievement of the Sustainable Development Goals.

  • Continuous improvement

    We continuously strive for improvement and regularly review our stakeholder engagement mechanisms to ensure that we respond to stakeholders' needs most effectively.

Stakeholders

We communicate with our stakeholders regularly. The objective of the open dialog is to establish their perception of the sustainability strategy and their opinion on the future direction of CEZ Group in relation to sustainability. The respective results shall be used in updating plans and strategies.

Identifying stakeholders is an essential step towards successful stakeholder engagement. CEZ Group recognizes 13 groups of stakeholders that have been identified within the value chain of our business. They are listed below in alphabetical order:

  • Certification bodies
  • Customers
  • Educational institutions and research facilities
  • Employees
  • Insurance companies and banks
  • Local governments, local communities, and the public
  • Media
  • Non–profit organizations
  • Professional unions and associations
  • Public and regulatory authorities
  • Shareholders and investors
  • Suppliers and contractors
  • Trade unions

Through an ongoing dialog with stakeholders, CEZ Group strives to uphold its reputation as a responsible corporate citizen in all areas of its operations and across all time horizons.