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.

The GBS calculation process involved a scoping exercise, followed by data collection, preparation, calculation, and result interpretation. The selected business lines, adapted to data availability and impact significance, align with those commonly used by Cellnex. These include:

• Business Line: Broadcast, Data centres, Fiber, TIS
• Countries: Austria, Denmark, France, Ireland, Italy, Netherlands, Poland, Portugal, Spain, Switzerland, UK
• Site location: Urban, Rural