Commitment to Human Rights

Cellnex is dedicated to endorsing and advancing human rights throughout its business operations and supply chain, encompassing partners, employees, and other stakeholders. The Group’s commitment extends beyond mere compliance to actively fostering an environment where human rights are respected and sustained in all aspects of the company's activities.

Cellnex updated its Human Rights Policy in 2022 with the aim of reaffirming its commitment to safeguard and uphold universally recognised human rights within its sphere of influence, and to mitigate and remediate any resulting harm. The Policy adheres to core international standards, serving as benchmarks that the company has pledged to meet. These standards establish the regulatory framework, defining the parameters within which Cellnex conducts its activities. These international frameworks include:

• United Nations International Bill of Human Rights
• The eight fundamental ILO conventions
• Guiding Principles of the United Nations Global Compact
• United Nations Guiding Principles on Business and Human Rights
• OECD Guidelines for Multinational Enterprises
• United Nations Children's Rights and Business Principle

Moreover, Cellnex’s Human Rights Policy is aligned with and bolstered by various internal policies and regulations. These include the Environmental, Social and Governance (ESG) Policy, the Equity, Diversity and Inclusion (EDI) Policy, the Supplier Code of Conduct, the Code of Ethics, the Whistleblowing Channel, and the Corruption Prevention procedure. This comprehensive alignment ensures a cohesive approach across all facets of the organisation. Such integration of policies not only demonstrates Cellnex’s dedication to ethical business practices but also fosters a culture of accountability and transparency - essential elements in navigating the complex landscape of human rights considerations.

While awaiting the publication of the European Union's Human Rights Due Diligence Directive, Cellnex has proactively conducted preliminary assessments. As part of this initiative, the company commits to regularly sharing its progress in adhering to human rights principles with internal and external right holders, thereby prioritising transparency and accountability. Cellnex voluntarily conducts an annual Human Rights Due Diligence exercise, following the regulatory framework outlined by the OECD and the UN Guiding Principles on Business and Human Rights. The objective of this assessment is to pinpoint the most critical and highest priority actual as well as potential adverse impacts across Cellnex’s entire value chain.

In 2023, Cellnex sought to proactively improve upon previous analyses by incorporating inputs from the recent CSRD GAP Analysis. This exercise provided a holistic view of the organisation's operations, identifying overlaps and gaps in human rights considerations within the broader context of sustainability. The combined approach enables Cellnex to identify and mitigate risks more effectively, ensuring that human rights considerations are adequately addressed within the broader framework of ESG risks. In this context, oversight of the Human Rights Due Diligence process falls under the purview of the Risk Management department, working in tandem with the ESG department. Together, they oversee the involvement of various company departments and are tasked with advocating, assessing, and reporting on the implementation of the Human Rights Policy at both local and global levels. The report related to the Human Rights Due Diligence and Assessment Process is available on the corporate website.

In 2023, Cellnex updated its Statement on Slavery and Human Trafficking, which declares that the Group unequivocally denounces all forms of exploitative labour practices, including child labour, and affirms its unwavering commitment to preventing such practices within its sphere of influence and across its supply chain. Cellnex also conducts human rights-specific training (totalling 3,845 hours in 2023) aimed at educating the Group on human rights policies and procedures.

In 2023, as in 2022, there have been no reported incidents of discrimination.