Cellnex
ESRS disclosure: ESRS E1 \ DR E1-4 \ Paragraph 33
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- Provide a detailed account of whether and how your organization has established GHG emissions reduction targets or any other relevant targets to manage significant climate-related impacts, risks, and opportunities. This includes, but is not limited to, initiatives such as renewable energy deployment, energy efficiency improvements, climate change adaptation strategies, and measures for mitigating physical or transition risks.
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Question Id: E1-4_01
The targets set by Cellnex demonstrate its commitment to reducing its environmental impact, as outlined in its business strategy. The commitment through the Science-Based Targets and the longer-term Net-Zero target involve a combination of approaches including reducing greenhouse gas (GHG) emissions, migrating energy procurement in favour of renewable and clean energy, and engaging with the supply chain. Cellnex will continue to measure and disclose its performance in relation to these objectives. Below is an overview of the most relevant climate-related metrics and targets:
- GHG emissions scopes 1, 2 and 3
- GHG intensity
- Science-based target follow-up
- Net-Zero
- Scope 1 offsetting
- Energy consumption
- Share of renewable electricity
- Suppliers Further information is available in the 2023 Environment and Climate Change Report.
Report Date: 4Q2024Relevance: 90%
- 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%