Environmental strategy and positioning

Sustainability planning and management

One of the main goals of Cellnex’s ESG Master Plan is to continue growing with a long-term sustainable environmental approach. As part of Cellnex's commitment to the environment and combating climate change, the Company has adapted its business model to incorporate the measurement, reduction, and mitigation of impacts caused by its activity that may have adverse repercussions on the environment and the biodiversity of the areas in which it operates.

In this regard, in 2021 Cellnex’s Board of Directors adopted the Environment and Climate Change Policy,, which embodies the principles that promote sustainable development. With the goal of raising the company's level of responsibility, the Policy includes binding principles and commitments to the operations of all business units. These principles and commitments are grouped into five strategic priorities, aligned with the Sustainable Development Goals (SDGs).

This policy was later updated in 2023. The main updates are:

Linkage and alignment with the United Nations SDGs.
The Goals and Objectives of the Global Biodiversity Framework (GBF) and the Nature Positive Global Challenge have been adopted.
A specific commitment not to contribute to deforestation has been included.
Commitments to Natural Areas and Biodiversity have been extended. Including the principle of No Net Loss, (Actions to compensate for residual impacts, i.e. those that cannot be avoided.)
In the section Responsible Management of the supply chain, the commitment to Biodiversity has been extended, while risk areas on Natural Capital in the supply chain have been identified.

The ESG Master Plan comprises six strategic priorities. The strategic priority “Growing with a long-term sustainable environmental approach” is developed by the Environment and Climate Change Strategy 2023-2025.

For the update, current and forthcoming regulations on environmental sustainability issues were taken into account (such as the Corporate Sustainability Reporting Directive, European Sustainability Reporting Standards, and the EU Taxonomy), along with Cellnex's internal commitments (such as Science-based Targets, Net-zero Strategy, Cellnex Energy Policy, and Energy Transition Plan).

As a result of this work, the new plan has 40 actions grouped into eight action lines. To assess the performance of the Strategic Sustainability Plan and determine the actions required to achieve the targets set for 2024, Cellnex monitors the annual degree of achievement for each action line. For 2023, Cellnex established a series of targets grouped into actions to continue making progress within the framework of the Environment and Climate Change Strategy.

In this regard, the achievement rate for the actions outlined in 2023 was 81%. Cumulative achievement of the Environment and Climate Change Strategy stood at 70% in 2023.

Further information about each of the sections of the environmental chapter can be found in the 2023 Environment and Climate Change Report, available on the corporate website.

Commitments	Strategic Lines	Number of actions
To be a leading group in the fight against climate change by achieving carbon neutrality, improving the resilience of our infrastructure and promoting a circular economy in line with our activity.	Energy management	4
	Circular economy	3
	Climate change	14
To achieve excellence and be an industry benchmark in integrated environmental management within the telecommunications sector, establishing a solid commitment throughout our entire value chain.	Integrated environmental managementa	9
	Biodiversity and land use	4
To improve our environmental impact, integrating our infrastructure into the surrounding environment and establishing collaborative partnerships with stakeholders.	Water management	1
	Environmental impacts of infrastructures	1
	Training, awareness and collaboration with the Community	4

ODS relacionados

Degree of achievement of the 2023-2025 Environment and Climate Change Strategy

Cellnex published the fourth annual Environment and Climate Change report in 2023 with the goal of increasing transparency in environmental performance

In addition to the strategic plans, Cellnex has an Environmental Management System (EMS) within its Integrated Management System. This system aims to foster responsible management and ensure that policies and procedures advocating for sustainability are designed and implemented. Seven business units are already integrated into the Global EMS (France, Portugal, Ireland, Switzerland, the Netherlands, Poland, and the United Kingdom), and Spain and Italy have their own ISO 14001 certification. Spain is due to be integrated into the Global Integrated Management System in 2024.

As previously mentioned, Cellnex published the fourth annual Environment and Climate Change report in 2023 with the goal of increasing transparency in environmental performance.

Furthermore, with regard to environmental education and community awareness, in 2023, Cellnex continued with its collaboration project with the non-profit educational association Ambientech to introduce sustainability and telecommunications training content in secondary schools. The educational pathway is publicly available free of charge and covers three subjects: telecommunications in a sustainable world, exploring climate change, and the circular economy. The three modules have received a total of 1,426,784 views. In addition, there was an inter-school collaborative competition "The Smart Green Planet" focusing on solutions for environmental problems and a series of debates on the energy crisis