Cellnex
ESRS disclosure
Tags Tree
- Provide a detailed account of the greenhouse gas (GHG) removals and storage, measured in metric tonnes of CO2 equivalent, that have resulted from projects developed within your own operations or those to which you have contributed within your upstream and downstream value chain.
-
Question Id: E1-7_01
Since 2015, as part of its efforts to mitigate GHG emissions, Cellnex has offset emissions to achieve neutrality in Scope 1 for all the countries. In 2024, Cellnex offset 4,979.96 t CO2e by acquiring 4,636 CER (certified emission reduction) credits in the project 'Improved Cookstoves in Ethiopia', adorned with the Gold Standard certification, and 150 MITERD (Ministry of Ecological Transition) credits in the project 'Galicia Forest' in Spain. Moreover, the 2024 carbon footprint of the Cellnex Foundation has been calculated and its emissions,172,5t CO2e, have also been offset.
Report Date: 4Q2024Relevance: 60%
- Provide the amount of greenhouse gas (GHG) emission reductions or removals achieved through climate change mitigation projects outside your value chain that have been financed or are intended to be financed via the purchase of carbon credits.
-
Question Id: E1-7_02
The total amount of carbon credits cancelled in the reporting year is 4,986 tCO2eq.
Report Date: 4Q2024Relevance: 75%
- Provide detailed information regarding the company's GHG removals and storage activities, specifically focusing on GHG mitigation projects financed through carbon credits, as mandated by Disclosure Requirement E1-7. Include all relevant data as specified in paragraph 56 (a), where applicable.
-
Question Id: E1-7_03
Since 2015, Cellnex has offset emissions to achieve neutrality in Scope 1 for all the countries. In 2024, Cellnex offset 4,979.96 t CO2e by acquiring 4,636 CER credits in the project 'Improved Cookstoves in Ethiopia', adorned with the Gold Standard certification, and 150 MITERD credits in the project 'Galicia Forest' in Spain. The 2024 carbon footprint of the Cellnex Foundation has been calculated and its emissions,172,5t CO2e, have also been offset.
Report Date: 4Q2024Relevance: 85%
- Provide a detailed disclosure of the total amount of GHG removals and storage, expressed in metric tonnes of CO2 equivalent. This information should be disaggregated and separately disclosed for the undertaking's own operations as well as its upstream and downstream value chain. Additionally, break down the data by removal activity, as required by Disclosure Requirement E1-7 concerning GHG removals and GHG mitigation projects financed through carbon credits.
-
Question Id: E1-7_04
Since 2015, Cellnex has offset emissions to achieve neutrality in Scope 1 for all the countries. In 2024, Cellnex offset 4,979.96 t CO2e by acquiring 4,636 CER credits in the project 'Improved Cookstoves in Ethiopia', adorned with the Gold Standard certification, and 150 MITERD credits in the project 'Galicia Forest' in Spain. The 2024 carbon footprint of the Cellnex Foundation has been calculated and its emissions,172,5t CO2e, have also been offset.
Report Date: 4Q2024Relevance: 60%
- Provide the total amount of GHG removals and storage in metric tonnes of CO2eq, disaggregated and separately disclosed for the amount related to your company's own operations and its upstream and downstream value chain. Additionally, break down this information by removal activity, as required by Disclosure Requirement E1-7 concerning GHG removals and GHG mitigation projects financed through carbon credits.
-
Question Id: E1-7_05
Since 2015, Cellnex has offset emissions to achieve neutrality in Scope 1 for all the countries. In 2024, Cellnex offset 4,979.96 t CO2e by acquiring 4,636 CER credits in the project 'Improved Cookstoves in Ethiopia', adorned with the Gold Standard certification, and 150 MITERD credits in the project 'Galicia Forest' in Spain. The 2024 carbon footprint of the Cellnex Foundation has been calculated and its emissions,172,5t CO2e, have also been offset.
Report Date: 4Q2024Relevance: 60%
- Provide the total amount of carbon credits, measured in metric tonnes of CO2 equivalent, that are outside the undertaking's value chain, verified against recognized quality standards, and cancelled during the reporting period, as required by Disclosure Requirement E1-7 on GHG removals and GHG mitigation projects financed through carbon credits.
-
Question Id: E1-7_10
The total amount of carbon credits cancelled in the reporting year is 4,986 tCO2eq.
Report Date: 4Q2024Relevance: 85%
- Does the undertaking disclose the extent to which it utilizes carbon credits, and specify the quality criteria employed for these credits, in accordance with Disclosure Requirement E1-9? This inquiry pertains to the financing of GHG emission reduction projects outside the undertaking's value chain through the purchase of high-quality carbon credits, as outlined in paragraphs 56(b) and 59, and in relation to GHG emission reduction targets under Disclosure Requirement E1-4.
-
Question Id: E1-7_12
Since 2015, Cellnex has offset emissions to achieve neutrality in Scope 1 for all the countries. In 2024, Cellnex offset 4,979.96 t CO2e by acquiring 4,636 CER credits in the project 'Improved Cookstoves in Ethiopia', adorned with the Gold Standard certification, and 150 MITERD credits in the project 'Galicia Forest' in Spain. The 2024 carbon footprint of the Cellnex Foundation has been calculated and its emissions,172,5t CO2e, have also been offset.
Report Date: 4Q2024Relevance: 85%
- Has the undertaking made public claims of GHG neutrality involving the use of carbon credits? If so, provide an explanation.
-
Question Id: E1-7_21
Since 2015, as part of its efforts to mitigate GHG emissions, Cellnex has offset emissions to achieve neutrality in Scope 1 for all the countries. In 2024, Cellnex offset 4,979.96 t CO2e by acquiring 4,636 CER (certified emission reduction) credits in the project 'Improved Cookstoves in Ethiopia', adorned with the Gold Standard certification, and 150 MITERD (Ministry of Ecological Transition) credits in the project 'Galicia Forest' in Spain. Moreover, the 2024 carbon footprint of the Cellnex Foundation has been calculated and its emissions,172,5t CO2e, have also been offset.
Report Date: 4Q2024Relevance: 90%
- Provide an explanation regarding the credibility and integrity of the carbon credits utilized, particularly in instances where public claims of GHG neutrality have been made. This explanation should reference recognized quality standards as part of Disclosure Requirement E1-7 concerning GHG removals and GHG mitigation projects financed through carbon credits.
-
Question Id: E1-7_25
Cellnex offset 4,636 CER (certified emission reduction) credits in the project 'Improved Cookstoves in Ethiopia', adorned with the Gold Standard certification, and 150 MITERD (Ministry of Ecological Transition) credits in the project 'Galicia Forest' in Spain.
Report Date: 4Q2024Relevance: 80%
- Provide detailed information regarding the type of internal carbon pricing scheme implemented by your company. This should encompass shadow prices used for capital expenditure (CapEX) or research and development (R&D) investment decision-making, as well as any internal carbon fees or internal carbon funds utilized.
-
Question Id: E1-8_01
In regard to internal carbon pricing mechanisms to support decision-making concerning the impacts, risks and opportunities of climate change, Cellnex has not yet established a specific strategy. A study was conducted to assess different Internal Carbon Pricing (ICP) options for the company, yielding a preliminary proposal for implementing the Internal Carbon Rate. The fixed price of the Internal Carbon Rate was determined by considering the impacts of Cellnex’s operations. In 2022, Cellnex developed a pilot project for the application of this internal rate to the activities of IT suppliers, corresponding to Scopes 3.1 and 3.2 (procurement) of the carbon footprint. However, the result was not satisfactory as comparability between supplier data was not possible due to the low maturity of the suppliers in terms of their emissions reporting. To prepare for the future implementation of an internal carbon price, in 2024 Cellnex has been working on strengthening Scope 3 emissions measurement initiatives through supplier participation in CDP Supply Chain and ESG clauses in contracts with third parties. In 2025, it is expected to work on a Shadow Carbon Price mechanism to quantify the risks and opportunities of CO2 emissions in the purchasing process, supporting decision-making.
Report Date: 4Q2024Relevance: 60%