Growing with a long-term sustainable environmental approach

2023 main actions and KPIs
Committed to achieve carbon neutrality by 2035 and net-zero by 2050	Drafted a TNFD report to assess its dependencies and impacts on Natural Capital, prioritising assets and identifying risks and opportunities related to nature
Publication of the fourth Environment and Climate Change Report with the goal of increasing transparency in environmental performance	Cellnex met its renewable electricity consumption target
Worked on updating the management and assessment of risks and opportunities arising from climate change in accordance with the recommendations of the TCFD	Development of mobility plans tailored to the specific needs of Cellnex offices in Spain, based on a comprehensive global mobility survey
Updated its Energy Transition Plan as part of its ESG Master Plan and the Environment and Climate Change Strategy, considering the current energy context	The Environment and Climate Change Policy was updated in 2023 considering the Global Biodiversity Framework, No Net Loss Principle and no deforestation commitment
519,804 tCO2e total GHG emissions in 2023 3016.01 tCO2e offset by acquiring certified emission reduction (CER) credits 77% of renewable energy across all Business Units Carbon intensity reduction to 4.59 tCO2e/site and 128.38 tCO2e/€Mn 81% achievement rate of the environmental actions outlined in the ESG Master Plan for 2023 8.12% of sites in protected areas according to IUCN categories Operating income: 2.49% eligible and 0.93% aligned with the EU Taxonomy CapEx: 2.78% eligible and 0.23% aligned with the EU Taxonomy

Follow-up on the ESG Master Plan targets ⁽¹⁾
	Target year	Target	2023
Sourcing of renewable electricity (SBT) ⁽²⁾	2025	100 %	77 %
Reduction of scope 1 and 2 GHG emissions and scope 3 GHG emissions from fuel and energy-related activities (SBT))	2030	(70) %	(83) %
Reduction of the carbon footprint: scope 1, 2 and 3 (Carbon neutral) (3)	2025	(21) %	(14) %
Reduction of the carbon footprint: scope 1, 2 and 3 (Carbon neutral) ⁽³⁾	2035	Carbon neutral	(51) %
Net-zero (2050)	2050	100 %	Work in progress
CDP: Minimum of 50% of the total invited suppliers each year from 2023	2025	50 %	78 %
Measure the 30% of Cellnex consumption by smart meter systems by 2025	2025	30 %	31 %
Deploy Global energy Platform for >70% of Cellnex consumption by 2025	2025	>70%	22 %
% of Cellnex consumption to be ISO 5001 verified by 2025	2025	70 %	22 %
Integration of environmental standards within the purchasing management system	2025	100 %	Work in progress

⁽¹⁾ KPIs reported on an annual basis. Carbon footprint KPIs are compared to the base year FY20 verified by an external certified entity.
⁽²⁾ Electricity target (Scope 2) refer to the energy directly managed by Cellnex. Data calculated according to SBT and GHG Protocol methodology applied to the financial perimeter.
⁽³⁾ By 2035 Cellnex will offset the residual emissions that could not be reduced with the aim of being carbon neutral by 2035 and net-zero by 2050.

Next steps for the upcoming years

As early adopters of the TNFD, work on producing a comprehensive TNFD report, including financial impacts

Update the Climate Change Adaptation Plan

Conduct an initial biodiversity footprint assessment

Continue collaborating with the supply chain on the calculation of the carbon footprint to enhance data transparency and quality

Promote circular economy by implementing the TIS ecodesign measures identified and prioritised in 2023, and explore new eco-strategies for Datacenters

Craft a detailed roadmap to achieve Cellnex's net-zero objective