Cellnex
ESRS disclosure: ESRS E4 \ DR E4-1 \ Paragraph AR 1 c
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- Provide an explanation of how your company's strategy interacts with its transition plan, specifically in the context of anticipated financial effects from material biodiversity and ecosystem-related risks and opportunities, as outlined in Disclosure Requirement E4-6. Include considerations of biodiversity and ecosystems in your strategy and business model as per Disclosure Requirement E4-1.
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Question Id: E4-1_10
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%
- Provide a detailed account of how the mitigation hierarchy has been implemented concerning your company's actions related to biodiversity and ecosystems, specifically addressing avoidance, minimisation, restoration/rehabilitation, and compensation or offsets.
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Question Id: E4-3_01
The use of the mitigation hierarchy is based on avoid, minimise, restore and compensate impacts in the ecosystems where Cellnex might contribute to habitat degradation. The implementation of the No Net Loss in the priority areas identified in the nature-based risk analysis. Ensuring legal compliance associated with electromagnetic emissions to avoid negative impacts on nature and biodiversity.
Report Date: 4Q2024Relevance: 80%