Cellnex
ESRS disclosure: ESRS E1 \ DR E1-1 \ Paragraph 17
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- Indicate whether your undertaking has a transition plan for climate change mitigation. If not, specify the anticipated date for adopting such a plan.
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Question Id: E1-1_16
Since its foundation, Cellnex has been working to limit the effects of climate change and to contribute to the decarbonisation of the economy. The company is aware that it is essential to go much further. If no drastic actions are taken to limit the temperature increase to 1.5°C by 2030, the potentially catastrophic consequences of runaway climate change for both people and the natural systems that sustain them could be unavoidable. Therefore, taking action without delay is imperative.
Report Date: 4Q2024Relevance: 50%
- 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.
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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%