Czech utility ČEZ improves ESG rating and joins the top quarter of the world's best-rated energy companies

ČEZ Group has improved its ESG rating from Morningstar Sustainalytics, one of the world’s leading agencies assessing companies’ sustainability performance. After a 7.6-point improvement, ČEZ has now joined the top quarter of global energy companies rated by the agency. For investors, banks and insurers, ratings serve as confirmation that ČEZ Group is meeting its ambitious sustainability targets, which can help it secure better financing for its projects, for example.

ČEZ Group continues to improve its ESG rating, which assesses non-financial criteria relating to the environment, social issues, and transparent corporate management and governance. Most recently, it improved its rating from international agency Morningstar Sustainalytics, whose assessments cover more than 15 000 companies in 172 countries. In its latest ESG rating, the agency moved ČEZ Group up by 7.6 points into a better category. Among more than 290 other energy companies assessed, ČEZ thus made it into the top quarter – 75% of companies in the same sector received a worse rating. Since 2019, it has improved by a total of 9 points, although the number of energy companies Sustainalytics compares it with has risen significantly – there were fewer than 190 in 2019, a third fewer than in the current rating.