- 08 Nov 2021
GRESB and Vigeo Eiris increase Cellnex’s ESG performance score
- Cellnex has obtained the highest level in the GRESB Infrastructure Public Disclosure, positioning itself as the best rated company in the telecommunications infrastructure sector.
- Vigeo Eiris, Moody’s ESG rating agency, has increased Cellnex’s score by 15 points (c. +30%) over the previous year.
Barcelona, 8 November 2021. GRESB, the international agency specialised in rating infrastructure and real estate companies, and the Vigeo Eiris ranking, have rated Cellnex as one of the leading ESG corporations, improving its score across all dimensions: environmental, social and governance.
GRESB Infrastructure Public Disclosure assesses the level, quality and transparency of disclosure of ESG indicators of listed infrastructure companies. In 2021, Cellnex was propelled to the top of the telecommunications infrastructure ranking, ascending from “B” to “A” (highest level) and increasing its score by approximately 33% year on year, with a total of 85 points out of 100.
Of note are its highest scores in disclosure of sustainability governance (20.44/20.9), disclosure of sustainability implementation (11.4/11.4) and disclosure of stakeholder engagement practices (15.5/15.5).
Vigeo Eiris (VE), a subsidiary of Moody’s, also improved Cellnex’s ESG score, increasing its rating by 15 points (approximately +30%) year on year, consolidating at 60 out of 100. The company scores higher than average for the telecommunications sector (45.3) in all ESG dimensions, reaching an overall level of ‘advanced’ performance and ranking as the seventh best-valued company within the global telecommunications sector.
GRESB provides financial markets with standardised and validated company data on environmental, social and corporate governance (ESG). Created in 2009, it has become one of the main ESG references for real estate and infrastructure investments worldwide, used by 140 institutional and financial investors to inform their decision-making.
For more information: www.GRESB.com
About Vigeo Eiris (V.E.)
V.E. has been part of Moody’s ESG Solutions since 2019. Moody’s ESG Solutions is a business unit of Moody’s Corporation serving the growing global demand for ESG and climate expertise. The group’s comprehensive offering includes ESG scores, climate data, sustainability ratings and sustainable finance certification services that help meet the broad spectrum of ESG-related objectives in risk management, equity and credit markets.
For more information: www.vigeo-eiris.com
About Cellnex Telecom
The efficient deployment of next-generation connectivity is essential to drive technological innovation and accelerate inclusive economic growth. Cellnex Telecom is the independent wireless telecommunications and broadcasting infrastructures operator that enables operators to access Europe’s most extensive network of advanced telecommunications infrastructures on a shared-use basis, helping to reduce access barriers for new operators and to improve services in the most remote areas.
Cellnex manages a portfolio of more than 130,000 sites – including forecast roll-outs up to 2030 – in Spain, Italy, the Netherlands, France, Switzerland, the United Kingdom, Ireland, Portugal, Austria, Denmark, Sweden and Poland. Cellnex’s business is structured in four major areas: telecommunication infrastructures services; audiovisual broadcasting networks; security and emergency service networks and solutions for smart urban infrastructure and services management (Smart cities and the Internet of Things (IoT)).
The company is listed on the continuous market of the Spanish stock exchange and is part of the selective IBEX 35 and EuroStoxx 100 indices. It is also present in the main sustainability indices, such as CDP (Carbon Disclosure Project), Sustainalytics, FTSE4Good, MSCI and Standard Ethics. Cellnex’s reference shareholders include GIC, Edizione, Blackrock, Canada Pension Plan, TCI, CriteriaCaixa, Wellington Management Group, Capital Group, Fidelity and Norges Bank.
For more information: https://www.cellnextelecom.com