Cellnex
ESRS disclosure: ESRS G1 \ DR G1-1 \ Paragraph 9
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- Provide a detailed description of the processes and strategies your organization employs to establish, develop, promote, and evaluate its corporate culture, as required under Disclosure Requirement G1-1 concerning business conduct policies and corporate culture.
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Question Id: G1-1_01
Cellnex places significant emphasis on fostering a strong corporate culture that aligns with its purpose, values, and strategic objectives. This is achieved through a combination of structured engagement, clear communication, and incentive programmes designed to encourage alignment with the company’s values and goals. To ensure that the management and supervisory bodies are actively engaged with corporate culture, Cellnex conducts an annual Employee Engagement Pulse survey across the entire group. This survey assesses engagement levels, alignment with purposes and values, and gathers open feedback on areas for improvement. The results are presented to the Executive Committee (ExCom), which defines specific action plans to address key findings. These plans are integrated into the objectives of each ExCom member and included in their Management by Objectives (MBO) scheme, thus ensuring accountability and continuous improvement. The promotion and communication of corporate culture are anchored in Cellnex’s core values: Commitment, Entrepreneurship, Inclusion, Integrity, and Sustainability. These values form the foundation of initiatives aimed at fostering a unified “One Cellnex” team. Through purpose-driven leadership, the company promotes ethical behaviour, a growth-focused mindset, diversity and inclusion, and sustainability. This approach not only enhances employee engagement, but also drives innovation and ensures long-term organisational success. Key messages about corporate culture and strategic priorities are communicated directly to employees through Group Town Hall meetings, where the leadership provides updates on business performance and strategy, while offering employees the opportunity to ask questions. These meetings are essential for maintaining transparency and alignment across all levels of the organisation. To encourage and reinforce the desired corporate culture, Cellnex implements various recognition programmes. These include the annual Love Awards, which celebrate outstanding contributions, and the Love Broadcasters internal communications campaign, which amplifies messages of appreciation and engagement.
Report Date: 4Q2024Relevance: 90%
- Provide detailed information regarding any actions undertaken to address breaches in procedures and standards related to anti-corruption and anti-bribery.
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Question Id: G1-4_03
Cellnex maintains a robust Disciplinary System that provides a clear framework to address any future breaches of anti-bribery and anti-corruption standards and defines the steps that the company would take to sanction these. The System applies not only to the direct perpetrators of breaches but also to those who induce, cooperate, or assist in these non-compliant activities. Depending on the severity of the breach, disciplinary actions may include verbal or written warnings, suspension of salary and employment, or dismissal of employees or members of the Board of Directors. For third parties maintaining commercial relationships with Cellnex, violations could result in the termination of contracts or business relationships. These sanctions are always applied proportionally, under proper justification and in strict compliance with labour laws and other applicable regulations. In addition, Cellnex's Anti-Bribery, Gifts and Hospitality Policy and the Corruption Prevention Procedure complement the Disciplinary System by establishing clear guidelines for preventing, detecting, investigating, and addressing corrupt practices.
Report Date: 4Q2024Relevance: 90%