Cellnex
ESRS disclosure: ESRS E4 \ DR E4-1 \ Paragraph 13 a
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- Provide a detailed description of the resilience of your current business model and strategy concerning biodiversity and ecosystems. Include an assessment of how your business model and strategy withstand biodiversity and ecosystems-related physical, transition, and systemic risks.
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Question Id: E4-1_01
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%
- Identify the specific layer within the mitigation hierarchy to which the biodiversity and ecosystems target is allocated, as per Disclosure Requirement E4-4. This includes categorization into avoidance, minimisation, restoration and rehabilitation, or compensation and offsets.
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Question Id: E4-4_09
Cellnex has committed to a series of policies and objectives related to nature. These commitments have been included in the ESG strategy and form part of the company's efforts to mitigate its impacts and risks related to nature. However, it is still pending to link these commitments to quantifiable objectives and specific goals.
Report Date: 4Q2024Relevance: 30%