Cellnex
ESRS disclosure: ESRS G1 \ DR G1-1 \ Paragraph 10 e
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- Does the undertaking have established procedures to investigate business conduct incidents, including those related to corruption and bribery, in a manner that is prompt, independent, and objective, beyond the follow-up procedures for whistleblower reports as per the applicable law transposing Directive (EU) 2019/1937?
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Question Id: G1-1_08
Cellnex has implemented robust measures to promptly, independently and objectively prevent, detect, investigate and respond to allegations or incidents relating to bribery and corruption, as outlined in the Anti-Bribery, Gifts and Hospitality Policy, the Corruption Prevention Procedure, and the Policy for the Whistleblowing Channel. According to the Anti-Bribery, Gifts and Hospitality Policy, any subject person who is knowledgeable of, or suspects, a violation of Cellnex’s Anti-Bribery Management System or related policies is required to report it either directly to their hierarchical superior or through the Whistleblowing Channel, using the designated reporting mechanisms. This ensures a clear and structured approach to addressing concerns, guaranteeing that potential issues are timely flagged. The Committee of Ethics and Compliance (CEC) is entitled to independently initiate investigations if any signs suggest a possible breach of the Anti-Bribery, Gifts and Hospitality Policy or related policies. This independent approach ensures that investigations are objective and free from conflicts of interest. Additionally, Cellnex has a Corruption Prevention Procedure that sets forth the principles and standards that must be followed for combating bribery and corruption. This Procedure serves as a guide for all managers, employees, governing bodies, and third parties, detailing their expected conduct in relation to the prevention, detection, investigation, and redress of any corrupt practices. It, thus, ensures that all stakeholders are aligned with Cellnex’s ethical and legal standards.
Report Date: 4Q2024Relevance: 95%
- Provide a detailed account of your company's approach to managing relationships with suppliers, considering the risks associated with your supply chain and the impacts on sustainability matters.
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Question Id: G1-2_02
Cellnex aims to establish enduring partnerships with its suppliers on the basis of mutual benefits and trust, thus fostering robust business relationships. In a constantly evolving world, the collaboration of its suppliers is crucial for the company to effectively address market demands. In this respect, Cellnex regularly updates its suppliers on new projects and encourages their cooperation. It is essential for the company to ensure that its suppliers are aware of its corporate policies and values, and that compliance with all of them is enforced. This collaborative approach ensures that Cellnex's supplier relationships are mutually beneficial and focused on long-term success, while also managing any potential risks.
The procurement process is key for Cellnex. For this reason, the company has established and actively promotes an action guide for the procurement process that goes beyond price, product and/or service quality, but that also considers social, ethical, environmental, and privacy aspects regarding the performance of its suppliers. This reflects the company's proactive approach to managing its supply chain impacts and risks in line with sustainability principles. By integrating these factors into procurement practices, Cellnex ensures that its supplier base contributes positively to its broader ESG objectives.
The company's supplier relationship model relies on a collaborative approach between the requesting departments and the procurement team, working jointly to achieve optimal procurement practices. In many cases, relationships with suppliers are built upon years of cooperation between Cellnex staff and its suppliers. This model of collaboration reflects the company's long-term approach to managing supplier relationships, ensuring that risks are mitigated and mutual benefits are prioritised.
Through this close partnership, Cellnex is better positioned to address challenges and opportunities, enhancing both supplier performance and business outcomes.
The company also prioritises a collaborative approach to supplier management when focusing on efficiency and innovation. By implementing a Sustainability Linked Confirming, tied to CDP scores, Cellnex incentives sustainable practices among its suppliers.
This initiative is not only aligned with the company's ESG objectives, but also fosters long-term, value-driven partnerships.
Report Date: 4Q2024Relevance: 90%