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Companies are becoming more transparent with their ESG data

In recent years, sustainability has become an increasingly important issue for companies across the globe. Many businesses are recognizing the importance of reducing their environmental impact and taking steps towards a more sustainable future. In the Czech Republic, companies are using data to help them become more sustainable.

One company that is leading the way in this area is CEZ, the largest energy company in the Czech Republic. CEZ has recently launched an online ESG (Environmental, Social, and Governance) data library, which is the largest of its kind among all European energy companies. The library contains a vast amount of data on CEZ's sustainability performance, including information on greenhouse gas emissions, water use, waste management, and employee health and safety.

By making this data available to the public, CEZ is demonstrating its commitment to transparency and accountability. The company is also using the data to identify areas where it can improve its sustainability performance. For example, by analyzing its greenhouse gas emissions data, CEZ has been able to identify opportunities to reduce its carbon footprint, such as increasing its use of renewable energy sources and investing in energy efficiency measures.

CEZ is not the only Czech company using data to become more sustainable. Many other businesses in the country are also adopting data-driven approaches to sustainability. For example, Skanska, a construction and development company, has developed a software tool that helps it optimize the energy efficiency of its buildings. The tool uses data on the building's energy consumption to identify areas where improvements can be made, such as upgrading insulation or installing more efficient lighting systems.

Another company, Karlovarske Mineralni Vody, a producer of mineral water and soft drinks, is using data to reduce its water consumption. The company has implemented a system that monitors water usage at its production facilities and identifies opportunities to reduce water consumption. By using this data-driven approach, the company has been able to reduce its water consumption by 20% over the past five years.

In conclusion, Czech companies are using data to become more sustainable in a variety of ways. By analyzing their sustainability performance data, these businesses are able to identify areas where improvements can be made and take action to reduce their environmental impact. As sustainability continues to be a pressing issue for companies worldwide, it is likely that more and more businesses in the Czech Republic and beyond will adopt data-driven approaches to sustainability in the years to come.


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