Thursday, May 23, 2024
HomeClimateČEZ Group launches first ESG data library in the Czech Republic
Powered by

ČEZ Group launches first ESG data library in the Czech Republic

Czech utility group ČEZ is the first energy company in the country to launch a comprehensive Environmental, Social and Governance (ESG) data library with data for the last three years. The number of disclosed indicators makes it the largest database among all European utilities.

In addition to financial indicators, such as revenue, profit, or debt ratio, non-financial data are increasingly important for investors and banks, as well as employees, customers and the public.

“ESG is developing rapidly, and sometimes it can be confusing to make sense of all the terms and indicators,” said Kateřina Bohuslavová, Chief Sustainability Officer of ČEZ Group. “We value openness and transparency and publish online all the ESG data that we have provided to rating agencies, investors, banks and insurance companies over the past three years. We plan to gradually expand our database.”

All data in the online library were processed using a unified methodology and externally audited. The database includes all the greenhouse gases mentioned by the Kyoto Protocol. Emissions from coal sources are measured continuously directly in production. Data from pollution measurements are included in the ISKO database operated on the national level by the Czech Institute of Hydrometeorology.

Data from previous years continue to be publicly accessible in annual reports and other ČEZ Group documents published on the website.

Users of the library will welcome the possibility to filter data based on specific international standards: for example, the Global Sustainability Reporting Initiative (GRI), Sustainability Accounting Standards Board (SASB) and Global Sustainable Development Goals (SDGs). The data is divided into four sections: environmental, social, governance and general. Each section contains alphabetically listed indicators. One of the main advantages of the library is that it compiles both mandatory and optional disclosures from various ČEZ Group companies. In total, more than 770 items of numerical data are available.

ČEZ Group developed its ambitious Vision 2030 strategy, announced two years ago, in line with ESG principles. Last year, ČEZ declared they would achieve climatic neutrality by 2040, which is 10 years before the original deadline.

Sign up for our newsletters

    Monthly newsletter – Delivering the most important energy stories of the month selected by our Editor-in-chief
    Weekly Oil&Gas roundup - All major news about the oil and gas industry, LNG developments, the upscaling of new gases and related EU regulations arriving in your mailbox every Monday.
    Weekly Renewables&Climate roundup - All major news about investments in renewable energy sources, environment protection, green hydrogen and new innovative ways to tackle the climate crisis arriving in your mailbox every Tuesday.

    Most Popular