Cellnex
ESRS disclosure: ESRS E1 \ DR E1-1 \ Paragraph 16 b
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- Provide a detailed account of the decarbonisation levers identified and the key actions planned within your transition plan for climate change mitigation. This should include references to your GHG emission reduction targets and climate change mitigation actions, as specified in Disclosure Requirements E1-4 and E1-3. Additionally, elucidate any changes anticipated in your product and service portfolio, as well as the adoption of new technologies within your operations or across the upstream and/or downstream value chain.
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Question Id: E1-1_03
Cellnex has translated its climate commitment into a comprehensive corporate strategy aimed at reducing and neutralising its emissions. This strategy is underpinned by specific medium- and long-term objectives, framed in seven pillars that will enable the company to achieve its Net-Zero target in 2050. These seven key pillars are: 1. Science-based reduction targets: addressing the key scopes of Cellnex’s carbon footprint. 2. Energy transition: 100% renewable energy by 2025, efficiency, smart metering and self-generation. 3. Value chain: engagement and emission reduction targets. 4. Circular economy: green sourcing, eco-design and eco-strategies. 5. Sustainable mobility: transition to green fleets and travel and mobility plans. 6. Neutralisation of residual emissions: offsetting. 7. Transparency and governance: carbon management at the core of the company’s activity. During 2024, Cellnex has worked on modelling the Net-Zero target to extend the scope of existing initiatives up to this year by identifying additional emission reduction levers. To this purpose, the company has carried out an analysis of the current situation and future positioning, analysing the existing organisation, policies and strategy. This analysis is based on external drivers and stoppers, internal gears and reduction levers: 1. Internal changes: changes in a Cellnex activity (business growth, business model change, etc.) 2. External drivers and stoppers: factors that are largely beyond the control of the company (grid decarbonisation, network evolution, etc.) 3. Reduction levers: Cellnex’s initiatives to reduce emissions.
Report Date: 4Q2024Relevance: 85%
- Has the undertaking established targets for the reduction of greenhouse gas emissions? If so, disclose these targets in absolute terms, either as tonnes of CO2 equivalent or as a percentage relative to a base year. Additionally, provide the intensity value of the total greenhouse gas emissions reduction, where applicable, in accordance with Disclosure Requirement E1-4 concerning climate change mitigation and adaptation.
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Question Id: E1-4_05
Yes, the undertaking has established targets for the reduction of greenhouse gas emissions. These targets are disclosed in absolute terms as follows:
- KPI 1a: Reduction in Scope 1, 2 and 3 from fuel and energy-related activities GHG emissions: Base year (2020) value is 536,422 t CO2e, Status 2024 value is 65,749 t CO2e, Performance vs Base Year is (88)%, Target 2025 is (45)%, Target 2030 is (70)%.
- KPI 1b: Reduction of absolute Scope 3 GHG emissions from purchased goods and services, and from capital goods: Base year (2020) value is 101,772 t CO2e, Status 2024 value is 81,984 t CO2e, Performance vs Base Year is (19)%, Target 2025 is (21)%.
- KPI 2: Annual sourcing of renewable electricity: Base year (2020) value is 10%, Status 2024 value is 91%, Performance vs Base Year is 91%, Target 2025 is 100%.
Report Date: 4Q2024Relevance: 90%