Vision 2030
Clean Energy of Tomorrow is the answer of CEZ Group to societal request for sustainability. We were searching deep and found real possibilities of how to reach carbon neutrality which is one of the EU top priorities and which is also important for citizens of our country and for ourselves. If there is only a slight chance to generate electrical energy in clean and no-emission manner thanks to modern technologies, it will be necessary to find ways to reach such goal.
The CEZ Group found that way. It updated its long-term strategy and defined actual goals up to 2030 in the areas of environment, social needs, and administration and company management. It declared the setting of those goals publicly in May 2021 and it is prepared to reach them.
Making the future better for all of us.
CEZ Group is required to disclose information on the double materiality assessment (DMA). The objective of this assessment is to identify and disclose information about material sustainability-related impacts, risks, and opportunities.
The process was participated by employees of CEZ Group, internal experts tasked with assessing impacts, risks, and opportunities in CEZ Group’s sectors and activities. In accordance with the ESRS requirements, DMA representatives participated in structured interviews and workshops that provided a comprehensive view of relevant topics, while the DMA process guarantors, usually section or company directors, supervised the entire process and controlled its progress. All assessments were linked to the existing management processes of CEZ Group.
A simplified model of material impacts, risks, and opportunities in the business model across the entire value chain that illustrates the interrelationships between financial and impact materiality and their integration into the sustainability governance process.
