Cellnex
ESRS disclosure
Tags Tree
- ESRS ESRS 2ESRS 2 Framework
- ESRS E1Climate Remuneration Disclosure
- ESRS E2Pollution Management
- ESRS E3Water & Marine Resources
- ESRS E4Material Sites Disclosure
- ESRS E5Resource Use & Circular Economy
- ESRS S1Workforce Impact Disclosure
- ESRS S2Value Chain Workers Scope
- ESRS S3Affected Communities Disclosure
- ESRS S4Consumer Impact Disclosure
- ESRS G1Governance Disclosure
- Provide details regarding the type of internal carbon pricing scheme implemented by your company, as stipulated in Disclosure Requirement E1-8. This should encompass any shadow prices utilized for capital expenditure (CapEX) or research and development (R&D) investment decision-making, as well as any internal carbon fees or funds in place.
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Question Id: E1-8_02
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%
- Provide a detailed description of the specific scope of application for the carbon pricing schemes, including the activities, geographies, and entities involved, as mandated by Disclosure Requirement E1-8 – Internal carbon pricing.
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Question Id: E1-8_03
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.
Report Date: 4Q2024Relevance: 60%
- Provide the monetary amount and proportion (percentage) of assets at material physical risk over the short-, medium-, and long-term, prior to the implementation of climate change adaptation actions. Disaggregate these monetary amounts by acute and chronic physical risk categories.
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Question Id: E1-9_01
Acute physical risk is projected in the short term (2020-2040) and long term (2070-2100) at the sites caused by extreme climate events. Chronic physical risk is caused by the increase in temperature and sea level rise projected up to 2100. In the realistic scenario, 2.3% of sites between 2040-2070 and 6.5% of sites between 2070-2100. In the worst-case scenario, 6% of sites between 2040-2070 and 23% of sites between 2070-2100.
Report Date: 4Q2024Relevance: 50%
- What is the monetary amount and proportion (percentage) of your company's assets that are at acute material physical risk over the short-, medium-, and long-term, prior to considering any climate change adaptation actions? Please ensure that the monetary amounts of these assets are disaggregated by acute and chronic physical risk.
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Question Id: E1-9_02
Acute physical risk is projected in the short term (2020-2040) and long term (2070-2100) at the sites caused by extreme climate events. The climate variables that could cause significant damage to sites are strong winds, wildfires, and landslides. By 2040, 31% of Cellnex sites are at high and critical risk from these variables.
Report Date: 4Q2024Relevance: 50%
- Provide the monetary amount and proportion (percentage) of assets at chronic material physical risk over the short-, medium-, and long-term, prior to the consideration of climate change adaptation actions. Disaggregate these monetary amounts by acute and chronic physical risk.
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Question Id: E1-9_03
Chronic physical risk is caused by the increase in temperature and sea level rise projected up to 2100. In the realistic scenario, 2.3% of sites between 2040-2070 and 6.5% of sites between 2070-2100. In the worst-case scenario, 6% of sites between 2040-2070 and 23% of sites between 2070-2100. Rising sea levels could cause the relocation of sites affected by the retreat of the coastline.
Report Date: 4Q2024Relevance: 50%
- What is the monetary amount and percentage of your company's assets that are at material physical risk over the short, medium, and long term, prior to the implementation of climate change adaptation actions? Additionally, provide a disaggregation of these monetary amounts by acute and chronic physical risks.
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Question Id: E1-9_04
Acute physical risk is projected in the short term (2020-2040) and long term (2070-2100) at the sites caused by extreme climate events. Chronic physical risk is caused by the increase in temperature and sea level rise projected up to 2100. In the realistic scenario, 2.3% of sites between 2040-2070 and 6.5% of sites between 2070-2100. In the worst-case scenario, 6% of sites between 2040-2070 and 23% of sites between 2070-2100.
Report Date: 4Q2024Relevance: 50%
- Has the undertaking assessed the anticipated financial effects for assets and business activities at material physical risk? If so, provide a detailed explanation of the scope of application, time horizons, calculation methodology, critical assumptions, parameters, and any limitations of the assessment.
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Question Id: E1-9_10
Cellnex has analysed the potential impact of the key financial magnitudes associated with physical and transition climate risks, as well as the potential to capitalise on climate-related opportunities. This analysis includes the projection of potential financial impacts in the scenarios considered for the short, medium or long term, depending on each risk or opportunity.
Report Date: 4Q2024Relevance: 60%
- Does the assessment of assets and business activities deemed to be at material physical risk rely on, or form part of, the process to determine material physical risk and climate scenarios? Provide an explanation of how medium- and long-term time horizons have been defined, and how these definitions are associated with the expected lifetime of the undertaking’s assets, strategic planning horizons, and capital allocation plans.
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Question Id: E1-9_11
The 2024 exercise required a methodological adaptation to the CSRD requirements of the potential financial impacts previously calculated in relation to climate-related risks and opportunities. In 2025, work will continue on the calculation and alignment of these financial magnitudes.
Report Date: 4Q2024Relevance: 30%
- Has the undertaking assessed the potential effects on future financial performance and position for assets and business activities at material transition risk? If so, provide an explanation detailing the scope of application, calculation methodology, critical assumptions and parameters, and any limitations of the assessment.
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Question Id: E1-9_18
Cellnex has analysed the potential impact of the key financial magnitudes associated with physical and transition climate risks, as well as the potential to capitalise on climate-related opportunities. This analysis includes the projection of potential financial impacts in the scenarios considered for the short, medium or long term, depending on each risk or opportunity.
Report Date: 4Q2024Relevance: 60%
- Provide a detailed explanation of whether and how the assessment of assets and business activities deemed to be at material transition risk is integrated into the process for determining material transition risks and scenarios, as outlined in paragraphs 20 (c) and AR 11, and required under paragraphs AR 12 to AR 13. Additionally, elucidate how medium- and long-term time horizons have been defined and their connection to the expected lifetime of the undertaking’s assets, strategic planning horizons, and capital allocation plans.
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Question Id: E1-9_19
The 2024 exercise required a methodological adaptation to the CSRD requirements of the potential financial impacts previously calculated in relation to climate-related risks and opportunities. In 2025, work will continue on the calculation and alignment of these financial magnitudes.
Report Date: 4Q2024Relevance: 30%