Cellnex
ESRS disclosure: ESRS E1 \ DR E1-3 \ Paragraph 29 a
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- Provide a detailed account of the climate change mitigation actions undertaken and planned, categorized by decarbonisation lever, including the incorporation of nature-based solutions, as required under Disclosure Requirement E1-3 concerning actions and resources related to climate change policies.
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Question Id: E1-3_01
Cellnex's Net-Zero strategy is structured around seven key pillars: 1. Science-based reduction targets, 2. Energy transition, 3. Value chain engagement, 4. Circular economy practices, 5. Sustainable mobility, 6. Neutralisation of residual emissions, 7. Transparency and governance. The company plans to address residual emissions by financing high-quality carbon reduction and removal projects outside its value chain, aiming to foster positive impacts on ecosystems and local communities. Cellnex also aims to verify its Net-Zero target through the Science Based Targets initiative (SBTi). Key components of the reduction strategy include leveraging renewable energy through the purchase of Guarantees of Origin (GoOs) and expanding solar panel deployments.
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%