Cellnex
ESRS disclosure: ESRS S1 \ DR S1-5
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- Provide a detailed account of the process your organization employs in setting targets related to managing material negative impacts, advancing positive impacts, and managing material risks and opportunities. Specifically, disclose whether and how your organization engaged directly with its own workforce or workers' representatives during the target-setting process.
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Question Id: S1-5_01
Within the Holistic Performance Management (HPM) framework, Group and Country targets are established by the company, while employees entitled to individual targets propose their own annual goals, ensuring alignment with corporate objectives. These individual targets must be reviewed and approved by the direct supervisor, creating a structured yet participatory approach to goal-setting.
To track performance, employees are encouraged to monitor their progress throughout the year, with a mandatory mid-year review (July or August) and a final goal evaluation at year-end. The entire process is facilitated through 'The Hub', a digital platform that enables transparent tracking of all performance objectives.
For continuous improvement, the company conducts an annual Pulse survey, inviting employees to provide feedback, including through open-ended questions. Insights from these surveys, along with performance review outcomes, are analyzed to refine target-setting practices and performance management strategies, ensuring that lessons learned contribute to ongoing improvements.
Report Date: 4Q2024Relevance: 85%
- Provide a detailed account of the process employed by your organization in setting targets related to managing material negative impacts, advancing positive impacts, and managing material risks and opportunities. Specifically, disclose whether and how your organization engaged directly with its own workforce or their representatives in tracking performance against these targets.
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Question Id: S1-5_02
To track performance, employees are encouraged to monitor their progress throughout the year, with a mandatory mid-year review (July or August) and a final goal evaluation at year-end. The entire process is facilitated through 'The Hub', a digital platform that enables transparent tracking of all performance objectives.
For continuous improvement, the company conducts an annual Pulse survey, inviting employees to provide feedback, including through open-ended questions. Insights from these surveys, along with performance review outcomes, are analyzed to refine target-setting practices and performance management strategies, ensuring that lessons learned contribute to ongoing improvements.
Report Date: 4Q2024Relevance: 60%
- Provide a detailed account of the process employed in setting targets related to managing material negative impacts, advancing positive impacts, and managing material risks and opportunities. Specifically, disclose whether and how your organization engaged directly with its own workforce or their representatives in identifying lessons or improvements resulting from the undertaking's performance.
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Question Id: S1-5_03
For continuous improvement, the company conducts an annual Pulse survey, inviting employees to provide feedback, including through open-ended questions. Insights from these surveys, along with performance review outcomes, are analyzed to refine target-setting practices and performance management strategies, ensuring that lessons learned contribute to ongoing improvements.
Report Date: 4Q2024Relevance: 65%
- What are the intended outcomes your organization aims to achieve in the lives of individuals within your own workforce, as related to managing material impacts, advancing positive impacts, and addressing risks and opportunities, in accordance with Disclosure Requirement S1-5? Additionally, provide information on any identified cases of severe human rights incidents, such as forced labor, human trafficking, or child labor, as per Disclosure Requirement S1-17.
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Question Id: S1-5_04
Cellnex aims to achieve several outcomes in the lives of its workforce, including boosting talent by being diverse and inclusive, facilitating social progress, and ensuring awareness of responsible ways of doing. Specific targets include increasing the percentage of women in management, hires of women and young talent, international appointments, career advancement for women, employee engagement, and participation in volunteering activities. The company also aims to ensure a high percentage of favorable scores in employee surveys and training attendance.
No information on identified cases of severe human rights incidents, such as forced labor, human trafficking, or child labor, is provided in the images.
Report Date: 4Q2024Relevance: 75%
- Provide detailed information on the stability of your targets over time, specifically in terms of definitions and methodologies, to ensure comparability. This request pertains to the disclosure of identified cases of severe human rights incidents, such as forced labor, human trafficking, or child labor, as outlined in Disclosure Requirement S1-17. Additionally, address how these targets relate to managing material impacts, advancing positive impacts, and addressing risks and opportunities, as specified in Disclosure Requirement S1-5.
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Question Id: S1-5_05
The targets established by Cellnex are defined with specific percentages and timelines, such as achieving 30% women in management positions by 2025 and ensuring 80% of employees attend ESG annual training by 2023. These targets are part of a broader strategy to boost talent, facilitate social progress, and ensure responsible practices. However, there is no explicit information on the stability of these targets over time in terms of definitions and methodologies, nor is there information on identified cases of severe human rights incidents.
Report Date: 4Q2024Relevance: 50%