Cellnex
ESRS disclosure: ESRS E1 \ DR E1-9
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- 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%
- Provide a detailed account of the anticipated financial effects stemming from material physical and transition risks, as well as potential climate-related opportunities. Include a monetised evaluation of gross Scope 1, 2, and total GHG emissions, expressed in monetary units, as part of the disclosure on potential liabilities from material transition risks, as stipulated in paragraph 67(d). Ensure that the information aligns with the qualitative characteristics outlined in ESRS 1 Appendix B.
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Question Id: E1-9_28
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: 20%
- Provide a detailed disclosure of the risk factors associated with net revenue from business activities that are subject to material transition risk. This disclosure should include a breakdown of business activities, specifying the percentage of current net revenue, associated risk factors, and, where feasible, the anticipated financial effects related to margin erosion over short-, medium-, and long-term periods. Additionally, if applicable, disaggregate the nature of business activities by operating segments, particularly if margin contributions by operational segments have been reported in the financial statements.
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Question Id: E1-9_37
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%