The ČEZ Group is an energy group whose parent company is ČEZ, a. s. According to its own profile, it ranks among the largest economic entities in the country and in Central Europe and supplies energy to customers in Czechia and some other European countries [1].
Activities
According to the profile, the basis of electricity generation in the group is made up of zero-emission sources. The other main activities are the distribution and sale of energy, and the group regards support for innovation and investment in companies with clean technologies as promising. The group also provides energy services [1].
ČEZ directly employs 33,000 people, who provide energy supplies and modern energy solutions to about 3.5 million customers. According to the group, it creates over 140,000 jobs at subcontractors and business partners [1].
Mission and vision
The group's mission is to provide customers and society with safe, reliable and positive energy. Its vision is to offer innovative solutions to energy needs and to raise the quality of life [1].
The group states that in its business it follows ethical standards that include a responsible approach to people in the company, to society and to the environment. It commits to sustainable development with an emphasis on ESG (environment, social affairs and governance), supports energy efficiency and new technologies, and invests funds in modern technologies and in research. According to the group, its corporate culture is focused on safety, growth in internal efficiency and support for innovation [1].
The VIZE 2030 strategy
The long-term direction is set by the strategy VIZE 2030 – Clean Energy of Tomorrow. It assumes that generation will change to low-emission, business will be responsible and sustainable, and growth will be maintained within a set level of indebtedness [1].
In it the group commits to significantly reducing heat and electricity generation from coal by 2030 and to achieving climate neutrality by 2040. The strategy takes into account the European Union's decarbonisation goals and also sets goals for social responsibility and sustainability [1]. As the main strategic priority the profile lists changing the generation portfolio to low-emission and achieving climate neutrality by 2040 [1].
Ownership and stock exchanges
The state is the largest shareholder of the parent company, and its share of the share capital is almost 70%. ČEZ shares are traded on the stock exchanges in Prague and Warsaw and belong to the PX and WIG-CEE indices [1].
Chronology
- — Temelín Nuclear Power Station expanded the capacity of its nuclear fuel store with a new storage rack made by the Plzeň-based company Škoda JS. → Deník: České Budějovice / Jižní Čechy Budějcká Drbna
- — The ČEZ Group signed a contract to sell its 49% stake in Jadrová energetická spoločnosť Slovenska, which is preparing a new nuclear power plant in Jaslovské Bohunice, to the Slovak state for 189 million euros. → E15 Ekonomický deník