Cellnex
ESRS disclosure: ESRS E4 \ DR E4-1 \ Paragraph 13 b
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- Provide a detailed description of the resilience of your strategy and business model concerning biodiversity and ecosystems. Include the scope of the resilience analysis as it pertains to your own operations, as well as your upstream and downstream value chain, and specify the risks considered in this analysis.
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Question Id: E4-1_02
Over the past years, Cellnex has conducted a series of analyses to assess its interrelationships with nature and identify key impacts and dependencies. The objective has been to better manage nature-related risks and opportunities by minimizing its environmental impact and enhancing the organization's resilience. As a result, nature has been integrated into Cellnex's risk management framework and strategic planning. Additionally, Cellnex is developing a dedicated nature strategy to guide employees in incorporating the mitigation hierarchy into decision-making. This strategy will align with the company's broader sustainability framework, ensuring consistency. Furthermore, geographic analyses enable Cellnex to factor nature into the planning of new assets and to identify critical natural spaces for the stakeholders, as well as assets best suited for adaptations to mitigate nature-related impacts and dependencies.
Report Date: 4Q2024Relevance: 65%
- Does the company's transition plan incorporate biodiversity offsets, and if so, where are these offsets intended to be utilized, what is their extent in relation to the overall transition plan, and has the mitigation hierarchy been considered?
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Question Id: E4-1_14
As a guiding framework for prioritizing actions, Cellnex will apply the mitigation hierarchy to ensure alignment with international best practices. This approach prioritizes avoiding harm to nature, minimizing unavoidable impacts, restoring affected ecosystems, and compensating for any residual effects. By adhering to this hierarchy, Cellnex seeks to effectively manage nature-related risks while also identifying opportunities to enhance biodiversity and ecosystem resilience within its operations and across its supply chain.
Report Date: 4Q2024Relevance: 60%