Cellnex
ESRS disclosure: ESRS E4 \ DR E4-1 \ Paragraph AR 1 b
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- Provide a detailed account of your company's operations and elucidate the measures being undertaken to address material impacts within your upstream and downstream value chain, as identified in your materiality assessment, in accordance with ESRS 2 IRO-1. This should be included as part of your disclosure on anticipated financial effects from material biodiversity and ecosystem-related risks and opportunities, and should align with your transition plan and consideration of biodiversity and ecosystems in your strategy and business model.
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Question Id: E4-1_09
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: 80%
- Provide a detailed assessment of whether the key actions undertaken by your company may result in significant negative sustainability impacts on biodiversity and ecosystems, as per Disclosure Requirement E4-6 concerning anticipated financial effects from material biodiversity and ecosystem-related risks and opportunities, and in alignment with Disclosure Requirement E4-3 regarding actions and resources related to biodiversity and ecosystems.
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Question Id: E4-3_12
In 2024, all planning applications in England must include a 10% net biodiversity gain, with a 30-year management plan for habitat enhancement. Cellnex UK typically develops these plans in exempt areas but ensures habitat disturbances are avoided where required. This indicates an effort to mitigate negative sustainability impacts.
Report Date: 4Q2024Relevance: 70%