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%
- Provide a detailed disclosure of the anticipated financial effects in terms of margin erosion for business activities identified as being at material transition risk. This should include a breakdown of the undertaking's business activities, specifying the associated percentage of current net revenue and the relevant risk factors, including events and exposure. Additionally, where feasible, disclose the anticipated financial effects related to margin erosion over the short-, medium-, and long-term. If applicable, disaggregate the nature of business activities by operating segments, particularly if the contribution of margins by operational segments has been disclosed in the segment reporting within the financial statements.
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Question Id: E1-9_38
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%