Cellnex
Communications Equipment
Spain
ESRS disclosure: ESRS E4 \ DR E4-6 \ Paragraph AR 39
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- 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%