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CEZ Group

CEZ Group is a publicly listed company headquartered in the Czech Republic and 69.78% owned by the government of the Czech Republic In 2019, its revenue was US$9.10 billion and installed capacity was 14.64 GW. CEZ operates in Western, Central and South-eastern Europe. CEZ is reducing its reliance on coal while targeting the development of its renewables and energy services business.

Ranking position
#15/50
Performance score
10.0 /20
Narrative Score
D
Trend Score
  • Trend line is up
  • Trend line is equal
  • Trend line is down
Performance module name Performance module score Rank (0-50)

Targets

2.0 / 4.0 #16

Material Investment

4.0 / 7.0 #11

Intangible Investment

0.0 / 2.0 #19

Management

1.2 / 4.0 #28

Policy Engagement

0.8 / 1.0 #3

Business Model

2.0 / 2.0 #1
Total 10.0 / 20 #15

Leading practices

Risks and opportunities

Trend

CEZ is awarded a trend score of =. If the company were reassessed in the near future, its score would likely stay the same. Reductions in emissions are expected to be tied closely to the closure or sale of coal power plants. CEZ expects coal capacity to decline significantly from 6.5 GW in 2019 to 3.9 GW in 2025, but then decline more gradually to 3.5 GW in 2030 and 2.5 GW in 2035. Therefore, as coal decommissioning slows in the late 2020s and early 2030s, CEZ is likely to move further away from its well-below 2-degree pathway. In its 2019 annual report, CEZ announced a new strategy, with a strong focus on developing renewables and energy services. This strategy change is largely driven by the European Green Deal policy and the Czech Republic’s National Energy and Climate Plan. CEZ expects to expand its non-hydro renewable generation from 1.7 GW in 2019 to 3.8 GW in 2025. The lack of emissions reduction targets between 2020 and 2050, however, may undermine CEZ’s ability to manage its transition and reduce the accountability it has to its stakeholders to make emissions reductions.

Progress towards the Paris Agreement

More about the company

Headquarters
Prague, Czech Republic
Ownership structure
Publicly listed, with 69.78% owned by the government of the Czech Republic
Group revenue
US$9.10 billion (2019)
Installed capacity
14.64 GW (2019)
Website
http://www.cez.cz/en/