Cellnex
ESRS disclosure: ESRS E4 \ DR E4-6
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- Provide a detailed account of the anticipated financial effects stemming from material risks and opportunities related to biodiversity and ecosystem impacts and dependencies. This disclosure should include a monetary quantification of these effects before considering any biodiversity and ecosystem-related actions, unless such quantification would incur undue cost or effort. In cases where quantification is not feasible, qualitative information should be provided. For financial effects arising from material opportunities, quantification is not mandatory if it compromises the qualitative characteristics of the information as outlined in ESRS 1 Appendix B. The monetary quantification may be presented as a single figure or a range.
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Question Id: E4-6_02
All the risks mentioned in the table are considered to have a low potential financial impact for the Company, having been evaluated in accordance with the quantification of the economic impact of Cellnex's Global Risk Management methodology, which establishes that an economic impact of <1% of revenue is low.
Report Date: 4Q2024Relevance: 50%
- Provide a detailed account of the anticipated financial effects arising from material biodiversity and ecosystem-related risks and opportunities. Include a description of the effects considered, the associated impacts and dependencies, and the time horizons within which these are expected to materialize.
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Question Id: E4-6_03
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).
Report Date: 4Q2024Relevance: 60%
- Provide a detailed account of the critical assumptions utilized in estimating the anticipated financial effects of material risks and opportunities related to biodiversity and ecosystem impacts and dependencies. Include the sources and the degree of uncertainty associated with these assumptions.
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Question Id: E4-6_04
All the risks mentioned in the table are considered to have a low potential financial impact for the Company, having been evaluated in accordance with the quantification of the economic impact of Cellnex's Global Risk Management methodology, which establishes that an economic impact of <1% of revenue is low.
Report Date: 4Q2024Relevance: 35%
- Provide a detailed description of your company's related products and services that are at risk due to biodiversity and ecosystem-related factors over the short-, medium-, and long-term. Include an explanation of how these risks are defined, the methods used to estimate financial amounts, and the critical assumptions underlying these estimations.
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Question Id: E4-6_05
The risks are defined as follows:
- Policy and legal risk (NR1): Bird species using telecom infrastructure as a nesting location can lead to increased maintenance costs.
- Reputational risk (NR2): Difficulties in deploying and operating telecommunications infrastructure in natural areas due to potential conflicts over visual and/or environmental impacts.
- Physical risk (NR3): Rising temperatures can increase the risk of wildfires leading to increased maintenance and repair costs for greenfield sites. These risks are considered to have a low potential financial impact, with an economic impact of <1% of revenue. The time horizons are short-term (0 to 5 years) and medium-term (5 to 10 years).
Report Date: 4Q2024Relevance: 65%
- Provide a detailed explanation of how your organization estimates financial amounts and identifies critical assumptions concerning anticipated financial effects from material biodiversity and ecosystem-related risks and opportunities. Include an assessment of related products and services at risk over the short-, medium-, and long-term, specifying the definitions and methodologies used.
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Question Id: E4-6_06
The financial amounts are estimated using Cellnex's Global Risk Management methodology, which establishes that an economic impact of <1% of revenue is low. The risks are defined as policy and legal, reputational, and physical risks, with specific examples provided for each. The time horizons are short-term (0 to 5 years) and medium-term (5 to 10 years).
Report Date: 4Q2024Relevance: 65%