Cellnex
ESRS disclosure: ESRS ESRS 2 \ DR GOV-2
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- Provide detailed information regarding whether, by whom, and how frequently the administrative, management, and supervisory bodies, including their relevant committees, are informed about material impacts, risks, and opportunities. Additionally, disclose the implementation of due diligence, as well as the results and effectiveness of policies, actions, metrics, and targets adopted to address these issues.
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Question Id: GOV-2_01
Cellnex's Nominations, Remunerations and Sustainability Committee (NRSC) is the main body responsible for monitoring the ESG strategy and reports to the Board of Directors. ESG topics were discussed in 50% of the meetings held by the NRSC (6/12 meetings) in 2024. The Audit and Risk Management Committee (ARMC) is responsible for overseeing risk management, internal control, and internal audit functions. The ESG Committee is responsible for the day-to-day management of ESG functional teams. Both governance bodies are informed of the company's material impacts, risks, and opportunities and take these into account when overseeing the company's ESG strategy.
Report Date: 4Q2024Relevance: 70%
- Provide a detailed account of how your administrative, management, and supervisory bodies evaluate impacts, risks, and opportunities in the context of overseeing your company's strategy, major transaction decisions, and risk management processes. Include an explanation of whether trade-offs related to these impacts, risks, and opportunities have been considered.
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Question Id: GOV-2_02
The Nominations, Remunerations and Sustainability Committee (NRSC) is responsible for the supervision and evaluation of the relationship processes with Cellnex's stakeholders, providing oversight of Cellnex's environmental and social practices to ensure alignment with ESG strategy and policies. The Audit and Risk Management Committee (ARMC) oversees risk management, internal control, and internal audit functions, working closely with the Board of Directors to mitigate the Company's main risks and supervise the preparation of both financial and non-financial information.
Report Date: 4Q2024Relevance: 65%
- Provide a comprehensive list of the material impacts, risks, and opportunities that have been addressed by the administrative, management, and supervisory bodies, or their relevant committees, during the reporting period.
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Question Id: GOV-2_03
Both governance bodies are informed of the company's material impacts, risks, and opportunities and take these into account when overseeing the company's ESG strategy. However, the specific list of material impacts, risks, and opportunities is not detailed in the provided text.
Report Date: 4Q2024Relevance: 50%
- How do the governance bodies of your undertaking ensure that an appropriate mechanism for performance monitoring is in place, particularly when overarching targets are the focus of administrative, management, and supervisory bodies, and detailed targets are the focus of management? Provide information on the sustainability matters addressed and the information provided to these bodies, especially if no measurable outcome-oriented targets have been set.
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Question Id: GOV-2_04
The Nominations, Remunerations and Sustainability Committee (NRSC) is responsible for providing oversight of Cellnex's environmental and social practices to ensure alignment with ESG strategy and policies. The Audit and Risk Management Committee (ARMC) is responsible for overseeing risk management, internal control, and internal audit functions. The ESG Committee is responsible for the day-to-day management of ESG functional teams, ensuring compliance with the ESG Policy, and involving every Cellnex corporate area and business unit in the implementation of the ESG strategy and Master Plan.
Report Date: 4Q2024Relevance: 60%