CEZ AS 2020 AR2
The report highlights CEZ Group's performance and strategic transition during the challenging year of 2020, marked by the COVID-19 pandemic. Despite the pandemic's impacts, the company achieved an operating profit (EBITDA) of CZK 64.8 billion, driven by its hedging strategy and strong trading results. CEZ Group continued its decarbonization efforts, shutting down the Prun%%rov I coal-fired power plant and increasing its share of emission-free generation to 56.1%. Additionally, the company successfully progressed with its divestment strategy, notably signing an agreement to sell its Romanian assets and transferring the Po%%erady coal-fired power plant.
Company: CEZ AS
Sector: Energy utilities
Country: Czech Republic
Year: 2020
Type: AR2
Pages: 370
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CEZ AS
Annual Report
The report highlights CEZ Group's performance and strategic transition during the challenging year of 2020, marked by the COVID-19 pandemic. Despite the pandemic's impacts, the company achieved an operating profit (EBITDA) of CZK 64.8 billion, driven by its hedging strategy and strong trading results. CEZ Group continued its decarbonization efforts, shutting down the Prun%%rov I coal-fired power plant and increasing its share of emission-free generation to 56.1%. Additionally, the company successfully progressed with its divestment strategy, notably signing an agreement to sell its Romanian assets and transferring the Po%%erady coal-fired power plant.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Water Consumption
Net Zero Target
Employees