As a leading provider of climate-friendly photovoltaic projects in Europe and Israel, BELECTRIC is dedicated to driving the energy transition. Sustainability is a top priority for us, which is why we continuously work to embed environmental, social, and governance (ESG) principles into our operations.
We want to become a true ESG champion and strive to go beyond legal requirements. We believe that enhanced efforts are needed to combat climate change, protect human rights, and promote social and environmental responsibility. Guided by the UN Sustainable Development Goals (SDG) and the UN Global Compact, we collaborate with stakeholders to drive meaningful change.
Our ESG mission
Our unwavering commitment to sustainability and responsible business practices defines our core values. The commitment to environment, social, and governance serves as a guiding principle in our decision-making and operations. Our ESG principles form the foundation of our collective dedication to excellence in ESG – a commitment that unites all our executives and colleagues worldwide.
Providing renewable
energy solutions
Upholding human
rights
Prioritising ethical
sourcing
Identifying ESG risks
in our supply chain
Embracing social
responsibility
Committed to our Code
of Conduct
Prioritisation of an open
culture, empathy,
unity, and equity
Successful certification
according to ISO 14001,
ISO 45001 and ISO 9001
Our ESG Compliance and Reporting
Together with our parent company Elevion Group, we publish our ESG performance and key figures in an annual ESG report – as required by law and in line with the requirements of the CSRD (Corporate Sustainability Reporting Directive). Our parent company CEZ has been awarded Gold in the EcoVadis rating. BELECTRIC itself holds certifications in accordance with ISO 9001, ISO 14001 and ISO 45001.
What we do for ESG
ESG is a top priority topic at BELECTRIC. We take several actions to implement them:
Environment
Our goal is to contribute to climate and environmental protection. We are measuring and reducing CO2 emissions as well as fostering biodiversity. Because we have only one world, and we should take care of it.
Corporate Carbon Footprint
In 2023, our Scope 1 and market-based Scope 2 CO₂ emissions totaled 1.566,53 tCO₂e, contributing to the Elevion Group overall carbon footprint of 14.962,7 tCO₂e. We are continuously developing and enhancing our methodology for calculating Scope 3 emissions — including individual emissions from solar plants construction and maintenance. All information about our Corporate Carbon Footprint is compiled in the ESG report 2023 of Elevion Group.
The Road to Decarbonisation
A key objective of our shareholder Elevion Group is to achieve climate neutrality for Scope 1 and Scope 2 emissions by 2040, with an interim target of a 43% reduction by 2035. As BELECTRIC, we are guided by this objective. Furthermore, our holding company CEZ has its own validated Science-Based Target (SBT), which also serves as an important reference framework for our actions.
Get more information in the ESG report 2023 of Elevion Group.
Protecting Nature
BELECTRIC’s ground-mounted PV systems support biodiversity by transforming intensively farmed land into long-term wildlife habitats. Our solar farms become safe havens for endangered species like birds, dragonflies, and bats, and reduce human impact. By partnering with experts, we strive for lasting positive impacts on biodiversity.
More information on nature compatibility.
Social
At BELECTRIC, recognising and unlocking the full potential of each employee is a cornerstone of our success. We believe in fostering talent and nurturing growth for everyone, embracing all identities and backgrounds. By establishing diverse teams with a wide range of perspectives and abilities, we promote creativity and innovation.
Inclusive Environment
We prioritise mutual respect and support, ensuring an inclusive environment regardless of individual characteristics, origin, religion, ability, sexual identity, or orientation* – while maintaining a zero-tolerance policy for discrimination.
*This list is non-exhaustive.
Initiatives for Women
At BELECTRIC, we champion equity through our flexible working hours model, remote work options as well as part-time models – including for executives. Every year, we use International Women’s Day to pay special tribute to our female colleagues and express our gratitude to them. Furthermore, we participated in Girl’s Day 2023.
Communication & Trainings
We are focusing on internal and external communication, continuously improving inclusive hiring practices, and developing trainings on Diversity, Equity, and Inclusion.
Female Representation at BELECTRIC
In 2023, women made up 29 % of our executive team across all countries: With this figure, we exceed the average for German medium-sized companies (26 %) and significantly outperform the German energy industry, which reported just 15.5 % in 2021.
Governance
For us, ethical behaviour is essential – in handling our workforce and across our whole supply chain.
ESG Evaluation Is the Key
BELECTRIC fosters a culture of zero tolerance towards human rights violations and ensures ethical conduct in all interactions with its workforce and across the value chain. Therefore, we annually evaluate human rights and sustainability risks across our operations and key procurement regions. We continuously improve the monitoring of ESG suppliers and our assessment of suppliers’ sustainability performance, as well as setting clear targets for sustainability assessment.
Participants and signatories of
Charta der Vielfalt e.V.
The Charta der Vielfalt is a Berlin-based non-profit organisation dedicated to promoting equal opportunities and fostering a work environment free from prejudice.
Solar Stewardship Initiative
Supply chain sustainability assuranceinitiative dedicated to the needs of the solar PV sector and its customers; with the creation of SSI standards to deliver supply chain traceability solutions tailored to the solar industry. Head this way for their Annual Report.
UK Modern Slavery Statement
The UK Modern Slavery Statement is a requirement for businesses to publicly disclose the measures to identify, prevent, and address modern slavery and human trafficking within their operations and supply chains.
United Nation Global Compact
The UN Global Compact is a non-binding pact of the United Nations to get businesses and organisations worldwide to adopt sustainable and socially responsible policies, and to report on their implementation.
UN Women´s Empowerment Principles
The UN Women´s Empowerment Principles (WEPs) are a joint initiative by the UN Global Compact and UN Women, which advance gender equality and the empowerment of women and girls worldwide. Seven principles offer companies practical guidance on how to promote gender equality in several important areas.