Cellnex
ESRS disclosure: ESRS ESRS 2 \ DR GOV-3
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- Does the undertaking have incentive schemes and remuneration policies linked to sustainability matters for members of its administrative, management, and supervisory bodies? If so, provide detailed information regarding these schemes and policies, as required by Disclosure Requirement GOV-3.
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Question Id: GOV-3_01
The Board of Directors' Remuneration Policy reflects an appropriate assumption of risks combined with the achievement of short- and long-term objectives linked to the creation of sustainable value. For annual variable remuneration, climate-related metrics, such as carbon footprint reduction across Scopes 1, 2, and 3, are included, reinforcing the company's commitment to sustainability.
Report Date: 4Q2024Relevance: 85%
- Provide a detailed description of the key characteristics of the incentive schemes and remuneration policies linked to sustainability matters for members of the undertaking's administrative, management, and supervisory bodies, as required under Disclosure Requirement GOV-3.
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Question Id: GOV-3_02
The variable remuneration system for the CEO is fully flexible, allowing for no payment under this concept if the minimum performance thresholds are not met. To ensure alignment with strategic goals, the company offers multi-year incentives, lasting at least three years, tied to the Strategic Plan and market projections. These incentives, granted in shares or stock options, ensure alignment with shareholder interests and promote long-term accountability. For the CEO, long-term incentives make up about 90% of total compensation in cases where performance exceeds targets.
Report Date: 4Q2024Relevance: 65%
- Provide detailed information regarding the integration of sustainability-related performance in incentive schemes and remuneration policies for members of your administrative, management, and supervisory bodies. Specifically, indicate whether performance assessments are conducted against specific sustainability-related targets and/or impacts, and identify those targets and impacts, if applicable.
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Question Id: GOV-3_03
For annual variable remuneration, climate-related metrics, such as carbon footprint reduction across Scopes 1, 2, and 3, are included, reinforcing the company's commitment to sustainability. The Nomination, Remuneration, and Sustainability Committee (NRSC) ensures these metrics remain challenging, measurable, and aligned with shareholder interests, proposing adjustments if necessary.
Report Date: 4Q2024Relevance: 85%
- Provide detailed information regarding the integration of sustainability-related performance metrics within the incentive schemes and remuneration policies applicable to members of your administrative, management, and supervisory bodies. Specifically, disclose whether and how these metrics are utilized as performance benchmarks or incorporated into remuneration policies.
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Question Id: GOV-3_04
The company's remuneration framework incorporates sustainability and climate-related considerations aligned with the goals of the ESG Master Plan 2021–2025 and Science-Based Targets (SBTs). For annual variable remuneration, climate-related metrics, such as carbon footprint reduction across Scopes 1, 2, and 3, are included, reinforcing the company's commitment to sustainability.
Report Date: 4Q2024Relevance: 85%
- What is the proportion of variable remuneration that is contingent upon sustainability-related targets and/or impacts within the incentive schemes and remuneration policies for members of the undertaking's administrative, management, and supervisory bodies?
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Question Id: GOV-3_05
For the CEO, long-term incentives make up about 90% of total compensation in cases where performance exceeds targets.
Report Date: 4Q2024Relevance: 90%
- At what level within the undertaking are the terms of incentive schemes, related to sustainability matters for members of the administrative, management, and supervisory bodies, approved and updated?
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Question Id: GOV-3_06
Oversight of the climate change strategy is carried out by the Nominations, Remuneration and Sustainability Committee (NRSC), which reports to the Board of Directors (BoD).
Report Date: 4Q2024Relevance: 50%