CEZ

InfluenceMap Score
C-
Performance Band
52%
Organisation Score
71%
Relationship Score
Sector:
Utilities
Head​quarters:
Czech Republic, Czech Republic
Official Web Site:
Wikipedia:

Climate Lobbying Overview: CEZ is actively engaged with EU climate regulation but appears to show mixed support for regulations intended to tackle climate change, stating preference to market-based mechanisms, such as the EU Emissions Trading Scheme (EU ETS), over other kinds of regulation. Despite supporting for the need for drastic emissions reductions, the company has supported the long-term role of fossil gas in the energy mix, including its inclusion in the EU sustainable finance taxonomy.

Top-line Messaging on Climate Policy: CEZ has mixed top-line messaging on climate policy. The company stated support for the UN Paris Agreement in its 2021 Sustainability Report, published in June 2022. In its 2020 Sustainability Report, released in June 2021, CEZ stated support for reaching net-zero GHG emissions in the Czech Republic, but did not specify a timeline. In October 2021, CEZ CEO Daniel Beneš appeared to state support for the EU’s Green Deal and 2050 net-zero GHG emissions target, but emphasized concerns around economic issues of responding to climate change.

Engagement with Climate-Related Regulations: CEZ shows mixed support for specific climate change policies, with a preference for policies that use market-based mechanisms. CEZ seems to strongly support the EU ETS, and in response to several 2021 EU consultations, has advocated for the expansion of the scheme to the transport and building sectors, and supported reforms such as free allowance reductions to align with other EU climate policy. The company has also stated in December 2020 that sectors not covered by the EU ETS should be covered by a carbon tax. It also indicated on social media in August 2020 for a border carbon adjustment mechanism to reduce emissions from imported goods.

However, CEZ has engaged negatively on other forms of regulation. In an EU consultation in February 2021, CEZ did not support an increase in ambition for the EU’s Energy Efficiency Directive, instead advocating for market principles to drive energy efficiency gains. In its response to the 2021 EU consultation on the Renewable Energy Directive revision, CEZ did not support increasing renewable energy targets for 2030, as well as opposing mandates or quotas for renewable hydrogen in a 2020 position statement. In March 2020, CEZ petitioned the Czech government for exemptions from emissions standards for coal power plants in its portfolio. However, the company supported increasing the EU’s 2030 GHG emission reduction target, but only advocated for a rise to at least 50% emission reductions in its 2020 consultation response in comparison to at least 55% proposed by the EU Commission. CEZ signed a joint letter to EU policymakers in December 2021, supporting a weakening of the EU Commission's proposal for the revision of Renewable Energy Directive, by calling for the inclusion of low-carbon hydrogen and wanting it to contribute to renewable energy targets.

Positioning on Energy Transition: CEZ has broadly negative positions on measures to transition the energy mix. Euronews stated in January 2022 that CEZ CEO Daniel Beneš supported a weakening of the EU Commission's proposal for the sustainable finance taxonomy by the inclusion of fossil gas. The company also supported unabated fossil gas, for transitioning away from coal, in its 2021 Sustainability Report, published June 2022. This reiterated the company’s December 2020 consultation response on the EU sustainable finance taxonomy, where it advocated for a higher threshold for electricity generation to enable the inclusion of fossil gas technologies, calling for it to be included in the transitional category.

CEZ’s 2020 position statement on the EU strategy for carbon neutrality advocates for widespread electrification as part of the transition to a low carbon economy, and press releases from June 2020 appear to support phasing out coal from the energy mix. Despite supporting exemptions under the EU ETS, the company, in its 2020 consultation response, seems to support the removal of exemptions for fossil fuels, including coal, under the EU’s Energy Taxation Directive.

Industry Association Governance: CEZ discloses a list of its membership of industry associations in its 2020 sustainability report. However, CEZ has not published a full audit disclosure of its alignment with its industry associations on climate change. CEZ is a member of Eurelectric and the International Emissions Trading Association, both of which appear to be positively lobbying on progressive climate policy.

Additional Note: CEZ is a listed company with more than 50% of its shares owned by the government of the Czech Republic. State-owned enterprises likely retain channels of direct and private engagement with government officials that InfluenceMap is unable to assess, and therefore are not represented in CEZ's engagement intensity metric.

QUERIES
DATA SOURCES
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0NA-2NANANANA
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Strength of Relationship
STRONG
 
 
 
 
 
 
 
WEAK
 
75%
 
75%
 
67%
 
67%
 
66%
 
66%

How to Read our Relationship Score Map

In this section, we depict graphically the relationships the corporation has with trade associations, federations, advocacy groups and other third parties who may be acting on their behalf to influence climate change policy. Each of the columns above represents one relationship the corporation appears to have with such a third party. In these columns, the top, dark section represents the strength of the relationship the corporation has with the influencer. For example if a corporation's senior executive also held a key role in the trade association, we would deem this to be a strong relationship and it would be on the far left of the chart above, with the weaker ones to the right. Click on these grey shaded upper sections for details of these relationships. The middle section contains a link to the organization score details of the influencer concerned, so you can see the details of its climate change policy influence. Click on the middle sections for for details of the trade associations. The lower section contains the organization score of that influencer, the lower the more negatively it is influencing climate policy.