Annex 3. Index of contents required by Law 11/2018

General Information

Brief description of the group's business model, which will include: 1. its business environment, 2. its organisation and structure, 3. the markets in which it operates, 4. its goals and strategies, 5. The main factors and trends that may affect its future evolution

Material

2-1

• Name of the organisation: Cellnex Telecom, S.A. • Ownership and legal form: Cellnex Telecom, S.A. • Location of headquarters: Juan Esplandiú, 28007 Madrid

• Location of operations: 1. Cellnex: Driving sustainable telecom connectivity / 1.2. Connectivity solutions / Global presence

20-24

Reporting framework used

Material

1-3

This report has been prepared with reference to the GRI Standards.

7. Basis for the preparation of the Report / 7.2 Reporting Scope

232

Materiality

Material

3-1

3-2

1. Cellnex: Driving sustainable telecom connectivity / 1.3 Our commitment / Double materiality analysis

55-58

Policies

A description of the policies that the group applies regarding these issues, which will include: 1.) due diligence procedures applied to the identification, evaluation, prevention and mitigation of significant risks and impacts 2.) verification and control procedures, including what measures have been taken

Material

3-3

2-23

2-24

1. Cellnex: Driving sustainable telecom connectivity / 1.3 Our commitment

2. Governance - Showing what we are, acting with integrity

2.1 Corporate Governance

2.2 Global Management System

3. People – Boosting our talent, being diverse and inclusive

3.5 Diversity and inclusion

3.6 Safety and well-being at our core

4. Society - Being a facilitator of social progress / 4.4 Commitment to Human Rights

5. Environment - Growing with a long-term sustainable environmental approach

5.1 Strategy and environmental positioning

5.2 Monitoring and management of the main environmental risks, opportunities, and impacts

5.4 Conservation of resources

5.5 Carbon footprint and climate change

6. Value chain- Extending our commitment to the value chain

6.1 Customers

6.2 Suppliers

53-54; 80-92; 93-101; 152-157; 158-163; 185; 188-191; 192-195; 198-203; 204-208; 217-223; 224-229

Risks

The main risks related to these issues related to the activities of the group, including, where relevant and proportionate, their business relationships, products or services that may have negative effects in those areas, and how the group manages these risks, explaining the procedures used to detect and evaluate them according to national, European or international reference frameworks for each subject. Information on the impacts that have been detected must be included, offering a breakdown of them, in particular on the main risks in the short, medium and long term.

Material

3-3

1. Cellnex: Driving sustainable telecom connectivity / 1.3 Our commitment

2. Governance - Showing what we are, acting with integrity / 2.2 Global Management Systems / Risk Management

4. Society - Being a facilitator of social progress / 4.4 Commitment to Human Rights

5. Environment - Growing with a long-term sustainable environmental approach / 5.2 Monitoring and management of the main environmental risks, opportunities, and impacts Annex 1. Risks

53-77; 97-101; 185; 192-195; 237-260

Environmental Issues

General information

Detailed information on the current and foreseeable effects of the company's activities on the environment and, where appropriate, health and safety, environmental assessment or certification procedures.

Material

3-3

2-23

1.2 Connectivity solutions / Regulatory context / Exposure to electromagnetic fields

2. Governance - Showing what we are, acting with integrity / 2.2 Global Management Systems

5. Environment - Growing with a long-term sustainable environmental approach / 5.2 Monitoring and management of the main environmental risks, opportunities, and impacts

Annex 1. Risks

50-52; 93-101; 192-195; 237-260

Resources dedicated to the prevention of environmental risks.

Material

2-23

2. Governance - Showing what we are, acting with integrity / 2.2 Global Management Systems

5. Environment - Growing with a long-term sustainable environmental approach / 5.2 Monitoring and management of the main environmental risks, opportunities, and impacts.

Annex 1. Risks

Consolidated Financial Statements / Note 22.

93-101; 192-195; 237-260

The application of the precautionary principle, the amount of provisions and guarantees against environmental risks.

Material

2-23

2. Governance - Showing what we are, acting with integrity / 2.2 Global Management Systems

5. Environment - Growing with a long-term sustainable environmental approach / 5.2 Monitoring and management of the main environmental risks, opportunities, and impacts

Annex 1. Risks

Consolidated Financial Statements / Note 22

Cellnex has environmental liability insurance, in accordance with current legislation, of €20Mn

93-101; 192-195; 237-260

Pollution

Measures to prevent, reduce or repair carbon emissions that seriously affect the environment, taking into account any form of air pollution specific to an activity, including noise and light pollution.

Not material

3-3

302-4 (2016)

305-5 (2016)

Although it is a non-material topic and it is not mandatory to report this topic, information is disclosed in:

5. Environment - Growing with a long-term sustainable environmental approach

5.2 Monitoring and management of the main environmental risks, opportunities and impacts

5.4 Conservation of resources

5.5 Carbon footprint and climate change

7. Basis for the preparation of the Report / 7.3 Carbon Footprint: Scope & Calculation methodology for CO2 emissions

192-195; 198-203; 204-208; 233-234

Circular economy and prevention and waste managements

Waste: Prevention, recycling, reuse, other forms of recovery and waste disposal.

Not material

3-3

306-2 (2020)

Although it is a non-material topic and it is not mandatory to report this topic, information is disclosed in 5. Environment - Growing with a long-term sustainable environmental approach / 5.4 Conservation of resources / Responsible and circular resource management

Annex 6. KPI Tables

202-203; 299

Actions to fight food waste

Not material

-

As it is a non-material topic, it is not applicable to report this information.

-

Sustainable use of resources

Water consumption and water supply according to local limitations

Not material

303-1 (2018)

303-2 (2018)

303-5 (2018)

Although it is a non-material topic and it is not mandatory to report this topic, information is disclosed in:

5. Environment - Growing with a long-term sustainable environmental approach / 5.4 Conservation of resources / Responsible and circular resource management

Annex 6. KPI Tables

202; 296

Consumption of raw materials and the measures adopted to improve the efficiency of their use.

Not material

-

As it is a non-material topic, it is not applicable to report this information.

-

Consumption, direct and indirect, of energy,

Material

3-3

302-1 (2016)

5. Environment - Growing with a long-term sustainable environmental approach / 5.4 Conservation of resources / Energy management Annex 6. KPI Tables

198-201; 293-295

Measures taken to improve energy efficiency.

Material

3-3

302-4 (2016)

5. Environment - Growing with a long-term sustainable environmental approach / 5.4 Conservation of resources / Energy management Annex 6. KPI Tables

198-201; 293-295

Use of renewable energies

Material

3-3

302-1 (2016)

5. Environment - Growing with a long-term sustainable environmental approach / 5.4 Conservation of resources / Energy management Annex 6. KPI Tables

198-201; 293-295

Climate change

The important elements of greenhouse gas emissions generated as a result of the company's activities, including the use of the goods and services it produces.

Material

3-3

305-1 (2016)

305-2 (2016)

305-3 (2016)

305-4 (2016)

5. Environment - Growing with a long-term sustainable environmental approach / 5.5 Carbon footprint and climate change

7. Basis for the preparation of the Report / 7.3 Carbon Footprint: Scope & Calculation methodology for CO2 emissions

Annex 6. KPI Tables

204-208; 233-234;

297-298

The measures adopted to adapt to the consequences of Climate Change.

Material

3-3

201-2 (2016)

5. Environment - Growing with a long-term sustainable environmental approach

5.2 Monitoring and management of the main environmental risks, opportunities, and impacts

5.5 Carbon footprint and climate change

192-195: 204-208

The reduction goals established voluntarily in the medium and long term to reduce greenhouse gas emissions and the means implemented for that purpose.

Material

3-3

305-5 (2016)

5. Environment - Growing with a long-term sustainable environmental approach / 5.5 Carbon footprint and climate change

204-208

Biodiversity

The measures taken to preserve or restore biodiversity.

Not material

3-3

Although it is a non-material topic and it is not mandatory to report this topic, information is disclosed in 5. Environment - Growing with a long-term sustainable environmental approach / 5.6 Nature and biodiversity

209-214

Impacts caused by activities or operations in protected areas.

Not material

304-1 (2016)

304-2 (2016)

Although it is a non-material topic and it is not mandatory to report this topic, information is disclosed in 5. Environment - Growing with a long-term sustainable environmental approach / 5.6 Nature and biodiversity

209-214

Employment

Total number and distribution of employees by sex, age, country and professional category.

Material

3-3

2-7

405-1 (2016)

3. People - Boosting our talent, being diverse and inclusive / 3.1 People strategy

Annex 6. KPI Tables

136; 279-285

Total number and distribution of work

contract modalities.

Material

2-7

Annex 6. KPI Tables

279-285

Annual average of permanent, temporary and part-time contracts by sex, age and professional category

Material

2-7

405-1 (2016)

The annual average of contracts by type do not present seasonality throughout the year, so only the workforce breakdown by type of contract is disclosed at the end of the reporting year.

Annex 6. KPI Tables

281-282

Number of dismissals by sex, age and professional classification.

Material

401-1 (2016)

Annex 6. KPI Tables

285

The average remunerations and their evolution disaggregated by sex, age and professional classification or equal value.

Material

405-2 (2016)

Annex 6. KPI Tables

286-287

Salary gap, the remuneration of equal or average positions in the company

Material

3-3

405-2 (2016)

Annex 6. KPI Tables

286

The average remuneration of directors and executives, including variable remuneration, allowances, compensation, payment to long term savings forecast systems and any other perception disaggregated by sex.

Material

3-3

2-19

405-2 (2016)

Annex 6. KPI Tables

Consolidated Financial Statements / Note 24

Annual Corporate Governance Report / 5.11 Remuneration for the Board of Directors and interests held by the members of the Board of Directors in share capital.

Annual Report on the Remuneration of Directors 2022 / 4. Remuneration in 2022

286-287

Implementation of labour disconnection measures.

Material

3-3

3. People - Boosting our talent, being diverse and inclusive / 3.6 Safety and well-being at our core / Well-being at Cellnex

158-159

Employees with disabilities

Material

405-1 (2016)

Cellnex had 26 employees with different abilities in 2022, 19 in 2021.

-

Work organisation

Organisation of working time

Material

3-3

3. People - Boosting our talent, being diverse and inclusive / 3.6 Safety and well-being at our core

158-163

Number of hours of absenteeism.

Material

403-9 (2018)

3. People - Boosting our talent, being diverse and inclusive / 3.6 Safety and well-being at our core Annex 6. KPI Tables

158-163; 291

Measures designed to facilitate the enjoyment of conciliation and encourage joint responsibility of these by both parents

Material

3-3

3. People - Boosting our talent, being diverse and inclusive / 3.6 Safety and well-being at our core

158-163

Health and safety

Conditions of health and safety at work.

Material

3-3

403-1 (2018) to GRI 403-8 (2018)

3. People - Boosting our talent, being diverse and inclusive / 3.6 Safety and well-being at our core

158-163

Work accidents, in particular their frequency and seriousness, occupational diseases, disaggregated by sex.

Material

403-9 (2018)

403-10 (2018)

3. People - Boosting our talent, being diverse and inclusive / 3.6 Safety and well-being at our core Annex 6. KPI Tables

158-163; 291

Social relations

Organisation of social dialogue, including procedures for informing and consulting staff and negotiating with them.

Material

3-3

402-1 (2016)

3. People - Boosting our talent, being diverse and inclusive / 3.4 Driving Efficiency and performance / Social dialogue

150-151

Percentage of employees covered by collective agreement by country.

Material

2-30

3. People - Boosting our talent, being diverse and inclusive / 3.4 Driving Efficiency and performance / Social dialogue

Annex 6. KPI Tables

150-151; 282

Balance of collective agreements, particularly in the field of health and safety at work.

Material

403-1 (2018)

403-4 (2018)

3. People - Boosting our talent, being diverse and inclusive / 3.4 Driving Efficiency and performance / Social dialogue

Annex 6. KPI Tables

150-151; 282

Mechanisms and procedures that the company has to promote the involvement of workers in the management of the company, in terms of information, consultation and participation

Material

3-3

3. People - Boosting our talent, being diverse and inclusive / 3.4 Driving Efficiency and performance / Social dialogue

150-151

Training

The policies implemented in the field of training

Material

3-3

404-2 (2016)

3. People - Boosting our talent, being diverse and inclusive / 3.4 Driving Efficiency and performance / Talent Academy

Annex 6. KPI Tables

147-148; 289-290

The total amount of training hours by professional categories.

Material

404-1 (2016)

3. People - Boosting our talent, being diverse and inclusive / 3.4 Driving Efficiency and performance / Talent Academy

Annex 6. KPI Tables

147-148; 289-290

Accessibility

Universal accessibility for people with disabilities

Material

3-3

3. People - Boosting our talent, being diverse and inclusive / 3.5 Diversity and inclusion

152-157

Equality

Measures taken to promote equal treatment and opportunities between men and women.

Material

3-3

3. People - Boosting our talent, being diverse and inclusive / 3.5 Diversity and inclusion

152-157

Equality plans, measures adopted to promote employment, protocols against sexual and gender-based harassment, integration and the universal accessibility of people with disabilities.

Material

3-3

3. People - Boosting our talent, being diverse and inclusive / 3.5 Diversity and inclusion

152-157

The policy against all types of discrimination and, where appropriate, management of diversity

Material

3-3

3. People - Boosting our talent, being diverse and inclusive / 3.5 Diversity and inclusion

152-157

Human rights

Application of due diligence procedures in human rights. Prevention of the risks of violation of human rights and, where appropriate, measures to mitigate, manage and repair possible abuse

Material

3-3

2-23

2-24

2. Governance - Showing what we are, acting with integrity / 2.1 Corporate Governance / Ethics and Compliance

4. Society - Being a facilitator of social progress / 4.4 Commitment to Human Rights

89-92; 185

Complaints about cases of violation of human rights.

Material

406-1 (2016)

4. Society - Being a facilitator of social progress / 4.4 Commitment to Human Rights

185

Promotion and compliance with the provisions of the fundamental Conventions of the International Labor Organisation related to respect for freedom of association and the right to collective bargaining, the elimination of discrimination in employment and occupation, the elimination of forced or compulsory labor and the effective abolition of child labor.

Material

3-3

406-1 (2016)

407-1 (2016)

408-1 (2016)

409-1 (2016)

3. People - Boosting our talent, being diverse and inclusive / 3.4 Driving Efficiency and performance / Social dialogue

4. Society - Being a facilitator of social progress / 4.4 Commitment to Human Rights

150-151; 185

Anti-corruption and anti-brivery

Measures taken to prevent corruption and bribery.

Material

3-3

2-23

2-24

205-2 (2016)

2. Governance - Showing what we are, acting with integrity / 2.1 Corporate Governance / Ethics and Compliance

89-92

Measures to combat money laundering.

Material

205-3 (2016)

2. Governance - Showing what we are, acting with integrity / 2.1 Corporate Governance / Ethics and Compliance

89-92

Contributions to foundations and non-profit entities.

Material

413-1 (2016)

In 2022,the total amount of donations was €3,430,905 (€2,692,660 in 2021)  the total contribution to sponsorship activities or events by Cellnex Telecom was €265,342 euros (€217,296 in 2021), the total contribution to associations of which Cellnex is a member was €722,693 (€799,523 in 2021)

-

Society

Commitments of the company to sustainable development

The impact of society's activity on employment and local development. The impact of the company's activity on local populations and the territory.

Material

3-3

203-1 (2016)

413-1 (2016)

1. Cellnex: Driving sustainable telecom connectivity

1.2 Connectivity solutions

1.3 Our commitment /Our commitment to the Sustainable Development Goals (SDG)

4. Society - Being a facilitator of social progress

15-52; 64-67; 164-185

The relationships maintained with the actors of the local communities and the modalities of dialogue with them

Material

2-29

413-1 (2016)

1. Cellnex: Driving sustainable telecom connectivity / 1.3 Our commitment / Stakeholders

2. Governance - Showing what we are, acting with integrity / 2.5 Investor Relations

4. Society - Being a facilitator of social progress

68-77; 125-133; 164-185

The association or sponsorship actions.

Material

2-28

1. Cellnex: Driving sustainable telecom connectivity / 1.3 Our commitment / Stakeholder

In 2022, the total contribution to sponsorship activities or events by Cellnex Telecom was €265,342 (€217,296 in 2021), the total contribution to associations of which Cellnex is a member was €722,693 (€799,523 in 2021). The contribution to Tallon Boury & Associés has been €66,000 in 2022 (€55,134.79 in 2021), to Mayer Brown €21,000 (€21,000 in 2021), and to Brunswick €532,468 (€112,000 in 2021) to Hill+Knowlton Strategies €45,082 (€94,816 in 2021).

68-77

Subcontracting and suppliers

The inclusion in the procurement policy of social issues, gender equality and environmental issues. Consideration in relations with suppliers and subcontractors of their social and environmental responsibility.

Material

3-3

2-13

308-1 (2016)

308-2 (2016)

414-1 (2016)

414-2 (2016)

1. Cellnex: Driving sustainable telecom connectivity / 1.3 Our commitment / ESG Master Plan

5. Environment - Growing with a long-term sustainable environmental approach / 5.5 Carbon footprint and climate change / Carbon management along the value chain

6. Value chain - Extending our commitment to the value chain / 6.2 Suppliers / Supplier evaluation, selection and monitoring

59-63; 208; 228-229

Supervision systems and audits and their results.

Material

3-3

5. Environment - Growing with a long-term sustainable environmental approach / 5.5 Carbon footprint and climate change / Carbon management along the value chain

6. Value chain - Extending our commitment to the value chain / 6.2 Suppliers / Supplier evaluation, selection and monitoring

Annex 6. KPI Tables

208; 228-229; 292

Consumers

Measures for the health and safety of consumers.

Material

3-3

416-1 (2016)

6. Value chain - Extending our commitment to the value chain / 6.1 Customers / Security of the information

222-223

Claims systems, complaints received and resolution of them.

Material

3-3

418-1 (2016)

6. Value chain - Extending our commitment to the value chain / 6.1 Customers

Our customer-centric approach

Security of the information

217; 222-223

Tax information

Benefits obtained country by country

Material

3-3

207-4 (2019)

2. Governance - Showing what we are, acting with integrity / 2.3 Financial information / Responsible tax policy and values of Cellnex

This information is provided in detail in Consolidated Financial Statements / Note 18 and Note 23

118-121

Taxes paid on benefits

Material

3-3

207-1 (2019)

207-4 (2019)

2. Governance - Showing what we are, acting with integrity / 2.3 Financial information / Responsible tax policy and values of Cellnex

118-121

Public subsidies received.

Material

201-4  (2021)

No significant financial assistance has been received from the government.

-