- 04 Feb 2020
Cellnex Telecom, recognized as “Supplier Engagement Leader” by CDP
The agency has recognized Cellnex’s strategy to reduce emissions and manage climate risks throughout its supply chain
- The company is among the top 3% of almost 160 companies that have received this recognition.
Barcelona, 4 February 2020. CDP – which manages a global disclosure system for investors, companies, cities, states and regions to measure their environmental impact – has designated Cellnex Telecom as a global “Supplier Engagement Leader”.
The organization therefore recognizes the strategy and actions undertaken by the company in 2019 to reduce pollutant emissions and manage climate risks throughout its supply chain. CDP particularly values the commitment to combating climate change that the operator has fostered among its suppliers.
Cellnex’s initiatives include an evaluation and selection procedure requiring its suppliers to align with the company’s Code of Ethics and its corporate Environmental, Social and Governance (ESG) policies. Cellnex also takes part as a supplier and invites its own suppliers to participate in the annual Supply Chain questionnaire which evaluates the upstream and downstream efforts and practices of the supply chain in climate action.
This distinction comes just a few days after Cellnex Telecom was included in the CDP “A List” of the world’s leading companies for their action plans in relation to climate and information transparency. Back then, Cellnex was selected from among 8,400 companies worldwide to be part of a group of only 179 firms. On this occasion, the telecommunications infrastructure operator is among the top 3% of organizations assessed by CDP, one of almost 160 companies on the Leaderboard this year.
Over 4,800 companies in total were assessed by CDP and given a Supplier Engagement Rating, based on answers to selected questions about governance, targets, scope 3 emissions, and value chain engagement of their response to the CDP 2019 climate change questionnaire and their overall CDP climate change score.
Dexter Galvin, Director of Corporates and Supply Chains at CDP said: “Congratulations to all the companies on the CDP Supplier Engagement Leaderboard for 2019. They are showing leadership on engaging their suppliers to manage climate risk and cut emissions. Given that supply chain emissions are on average 5.5 times as high as a company’s operational emissions, this couldn’t be more crucial. If we are to achieve the goals of the Paris Agreement and decarbonize the economy, then other companies learning from these leaders and engaging their suppliers is going to be vital”.
The “CDP Supplier Engagement Leaderboard” is published today and is available in the CDP website.
About Cellnex Telecom
Cellnex Telecom is Europe’s leading operator of wireless telecommunications and broadcasting infrastructures with a portfolio of 58,000 sites including forecast roll-outs up to 2027. Cellnex operates in Spain, Italy, Netherlands, France, Switzerland, the United Kingdom, Ireland and Portugal.
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 600 indices. It is also part of the FTSE4GOOD and CDP (Carbon Disclosure Project) and “Standard Ethics” sustainability indexes.
Cellnex’s reference shareholders include ConnecT, with a 29.9% stake in the share capital, as well as CriteriaCaixa, Blackrock, Wellington Management Group and Canada Pension Plan, holding smaller stakes.
CDP is a global non-profit that runs the world’s leading environmental disclosure platform. In 2019, over 8,400 companies disclosed environmental data through CDP at the request of 125 major purchasing organizations with US$3.6 trillion in purchasing spend, and 525 investors with US$96 trillion in assets, making it the gold standard in corporate environmental reporting.