Cellnex
ESRS disclosure: ESRS S1 \ DR S1-1 \ Paragraph 21
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- Disclose whether and how your company's policies concerning its own workforce align with relevant internationally recognized instruments, including the UN Guiding Principles on Business and Human Rights.
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Question Id: S1-1_07
Cellnex operates in alignment with these international reference standards, which serve as the framework for conducting the Human Rights Due Diligence process. This exercise aims to identify the most critical and prioritised actual and potential adverse impacts across the Cellnex value chain. Cellnex commits to regularly sharing its progress in adhering to human rights principles with internal and external right holders, thereby prioritising transparency and accountability. Cellnex voluntarily conducts an annual Human Rights Due Diligence exercise in accordance with the regulatory frameworks established by the OECD and the UN Guiding Principles on Business and Human Rights. The objective of this assessment is to identify the most critical and high-priority actual and potential adverse impacts across Cellnex’s entire value chain. In 2024 the assessment was aligned with the Corporate Sustainability Reporting Directive (CSRD) / ESRS requirements. This exercise provided a holistic view of the organisation’s operations, highlighting overlaps and gaps in human rights considerations within the broader context of sustainability. By adopting this integrated approach, Cellnex can be more effective at identifying and mitigating risks, ensuring that human rights considerations are adequately addressed within the broader framework of ESG risks. In this context, oversight of the Human Rights Due Diligence process falls under the purview of the Risk Management department, working in tandem with the ESG department. Together, they oversee the involvement of various company departments and are tasked with advocating, assessing, and reporting on the implementation of the Human Rights Policy at both local and global levels. The report related to the Human Rights Due Diligence and Assessment Process is available on the corporate website.
Report Date: 4Q2024Relevance: 90%
- Provide a detailed account of the processes your organization employs to engage with its own workforce and workers' representatives concerning the impacts on them. Specify whether and how the perspectives of your workforce influence decisions or activities related to managing actual and potential impacts. Include an explanation of the stages at which engagement occurs, the type of engagement, and the frequency of such engagement.
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Question Id: S1-2_03
Cellnex engages with its workforce through the Employee Engagement Pulse survey conducted at least once a year. This survey ensures the company is actively listening to its employees regarding engagement levels, purpose, and values, and includes open questions about what employees like most and what the company needs to improve. The People Global Director oversees this process, ensuring that the outcomes are incorporated into the company’s strategy. The survey results are analyzed to develop targeted action plans aimed at improving the working environment. This process ensures that employee feedback directly influences decision-making and strategic planning within the company. Additionally, Cellnex demonstrates its commitment to workers’ human rights through the implementation of policies and agreements, which inform decision-making processes and drive actions to safeguard workers’ human rights throughout its workforce.
Report Date: 4Q2024Relevance: 85%