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 anticipated financial effects are considered to have a low potential financial impact for the Company. The risks and opportunities are evaluated in accordance with Cellnex's Global Risk Management methodology, which establishes that an economic impact of <1% of revenue is low. The time horizons are defined as short-term (0 to 5 years), medium-term (5 to 10 years), and long-term (more than 10 years).