Cellnex has fostered a Safety Culture grounded in its core values across all the countries where it operates. Occupational Health and Safety (OHS) aspects are integrated into the strategy and guiding principles outlined in the organisation’s global Health and Safety (H&S) policy. It is worth noting that Cellnex is currently updating this policy, aligning it with the new CSRD regulation, which is set to be approved in 2025. The Health and Safety Policy covers all Cellnex Group companies, focusing on sensitive workers across the entire value chain, including upstream and downstream activities. It applies to all operational geographies and aims to protect employees, contractors, and other stakeholders from health and safety risks. The Health and Safety Policy is primarily managed by the Health and Safety Department, under the oversight of the Board of Directors. This ensures that the policy is effectively implemented at both operational and strategic levels, with senior leadership holding ultimate accountability for its success.

Cellnex is committed to addressing and mitigating any negative impacts on its workforce, ensuring that effective processes are in place for prevention, resolution, and remedy. The company’s approach focuses on several key areas:

• Talent retention and workforce health: Cellnex conducts quarterly People Health Index to evaluate the overall health of its workforce. These reviews include detailed analysis of employee turnover, exit survey feedback, and the identification of any trends or issues that may contribute to employee departures. Based on this information, the company implements corrective actions and develops succession plans to address potential talent gaps in key positions. This proactive approach ensures the long-term stability of the workforce.

• Whistleblowing Channel: To ensure transparency and accountability, Cellnex has a dedicated Whistleblowing Channel, which allows employees and external stakeholders, including local communities, to report any violations of the Code of Ethics, including human rights breaches. This confidential and anonymous channel is available year-round and is managed by the Committee of Ethics and Compliance, which is responsible for reviewing and addressing any reported issues. It also has the channel manager function, managed by an independent third party. The Whistleblowing Channel serves as a crucial mechanism for identifying and rectifying any negative impacts on employees, ensuring that corrective actions are taken in a timely manner.

• Collaboration with trade unions: In regions where unions are present, Cellnex works closely with trade unions to address and resolve workforce-related impacts. The company fully supports the right to unionise, engage in collective bargaining, and exercise the right to strike. Unions are actively involved in identifying workforce risks, supporting conflict resolution, and assisting in labour transitions, such as redundancies, by providing reskilling and career transition support for affected employees. This collaborative approach helps to safeguard the interests of employees and mitigate any negative impacts on the workforce.

Through these comprehensive processes, Cellnex strives to effectively address any material negative impacts on its workforce, ensuring a safe, inclusive, and supportive environment for all employees.