Sustainability
ESG MASTER PLAN 2021-2025
The ESG Master Plan (2021-2025) integrates ethical and good governance, social and environmental initiatives aligned with the Sustainable Development Goals (SDG), in accordance with international standards and the latest trends in sustainability with commitments and objectives in accordance with the expectations of all our stakeholders, identified from an internal and external diagnosis.
Strategic Axes
Strategic lines
Ensure that all employees in the company are aware of the ESG Master Plan
Promote and communicate the ESG strategy within the Group.
Related SDGs
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Manage the risks and opportunities of our activity.
Act ethically, respecting compliance and regulatory standards.
Create solid relationships with our stakeholders and alliances with third parties.
Related SDGs
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Create a common corporate culture among the group.
Define and implement our equity, diversity and inclusion programme.
Promote and foster talent attraction and retention.
Respect the health and safety of our employees at their workplace.
Related SDGs
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Participate and collaborate in social contribution initiatives.
Measure and manage our impact on society.
Related SDGs
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Plan and manage our sustainability strategy.
Mitigate our impact and create an adaptation plan to climate change.
Manage responsibly and circularly the use of resources within the group.
Respect and minimise our impact on natural spaces and biodiversity.
Related SDGs
Strategic lines
Extend our commitment to suppliers.
Extend our commitment to customers.
Related SDGs
Strategic lines
Ensure that all employees in the company are aware of the ESG Master Plan
Promote and communicate the ESG strategy within the Group.
Related SDGs
Strategic lines
Manage the risks and opportunities of our activity.
Act ethically, respecting compliance and regulatory standards.
Create solid relationships with our stakeholders and alliances with third parties.
Related SDGs
Strategic lines
Create a common corporate culture among the group.
Define and implement our equity, diversity and inclusion programme.
Promote and foster talent attraction and retention.
Respect the health and safety of our employees at their workplace.
Related SDGs
Strategic lines
Participate and collaborate in social contribution initiatives.
Measure and manage our impact on society.
Related SDGs
Strategic lines
Plan and manage our sustainability strategy.
Mitigate our impact and create an adaptation plan to climate change.
Manage responsibly and circularly the use of resources within the group.
Respect and minimise our impact on natural spaces and biodiversity.
Related SDGs
Strategic lines
Extend our commitment to suppliers.
Extend our commitment to customers.
Related SDGs
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Our commitment to the SDGs
At Cellnex we are committed to achieving the 2030 Agenda and the 17 Sustainable Development Goals (SDGs). Since our beginnings in 2015 we have been part of the United Nations Global Compact as an expression of our commitment to internalising the corporate social responsibility concept into our operational strategy and organisational culture. Each year we publish the Communication on Progress (COP) in accordance with the ten principles of the Global Compact.
Every year we analyse, measure and communicate our commitment to the SDGs that we have identified as priorities. This was our contribution during 2021:
- SDG of High Relevance for the Cellnex Group
- SDG of Medium Relevance for the Cellnex Group
- Fourth edition of the ''Youth Challenge" programme, and expansion of the programme to other geographies.
- Cellnex ''Talent Academy" and its associated programmes (Women Acceleration Development Program, Cellnex MBA, etc.).
- Technology sessions.
- Career Development Assessment Framework (CDA) and 360 assessments.
- Promotion of the Agile way of working.
- Sixth edition of lgnici6n Program, for developing young talent.
- Identification and expansion of EDI champions within all the Group.
- Recognition of Cellnex by Bloomberg Gender-Equality index for its commitment to advancing gender equality in the labour market.
- Equality Plan and Harassment and Discrimination Protocol.
- Diversity Charters signed by various Cellnex geographies.
- Cellnex 's Equity, Diversity and Inclusion plan.
- Company commitments reflected in several policies and documents such as Due diligence in Human Rights, ESG Policy, Health and Safety Policy, Code of Ethics, Equity, Diversity and Inclusion Policy and Code of Conduct for suppliers.
- Study of the socioeconomic contribution of Cellnex.
- Cellnex Bridge Programme, of the Cellnex Foundation, for the acceleration of social impact startups.
- Y-med programme, organized by the International Organization for Migration in Italy.
- Deployment of 5G to facilitate the development of sustainable and resilient telecommunications infrastructures.
- Augmented 'TowerCo".
- Development of innovation projects to facilitate connectivity.
- Programmes of the Cellnex Foundation to bridge the digital, social and territorial divide.
- Publication of the second Environment and Climate Change report. Development of innovation projects to facilitate connectivity.
- Strategic Sustainability Plan (2019-2023) and its update into the Environment and Climate Change Strategy 2023-2025.
- Definition of the Cellnex Net Zero Strategy.
- Analysis of climate change scenarios in all countries, following the recommendations of the "Task Force on Climate-related Financial Disclosures (TCFD)".
- Establishment of specific targets and milestones for emissions reduction validated by the Science Based Targets initative (SBTi).
- Development of the Natural Capital project.
- Development of the Eco-design project.
- Social projects and volunteer programmes through the Cellnex Foundation.
- Contribution to the different corporate responsibility initiatives aligned with the ESG Master Plan.
- Financial contribution through donations.
- Study of the socioeconomic contribution of Cellnex.
- Social projects and volunteer programmes through the Cellnex Foundation to guarantee equal opportunities, such as the Youth Challenge project, the Transforming the Future program or the Solidarity Gift initiative.
- Access to communication projects, such as Get Connected in Ireland, Y-med Program in Italy or UK Community Relations initiative.
- Cellnex Group Equity, Diversity and Inclusion Programme (2019-2022)
- Strategic Sustainability Plan (2019-2023).
- Development of the Natural Capital project.
- Development of the Ecodesign project.
- DaMA Project (Spain) and DaNA (rest of countries). Identification of sites in protected areas and associated regulations.
- Projects for the protection of biodiversity and sustainable management of ecosystems.
- Social projects and volunteer programmes through the Cellnex Foundation.
- Projects and collaborations with third social sector entities.
- Participation of Cellnex in sector associations.
- Creation of synergies through the Cellnex Foundation
- Two-way communication with the Stakeholders.
The sustainability contribution of the European independent TowerCos sector
A report for the European Wireless Infrastructure Association (EWIA)
Transparency and sustainability indices
Cellnex is member of the CDP Climate Change “A List”. Consolidating the company in the Leadership category for the fourth year in a row with a higher-than-average score for the sector, among the 20% of companies that reached Leadership level in the activity group.
CDP (Carbon Disclosure Project)
CDP is a not-for-profit charity that runs the global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts. The world’s economy looks to CDP as the gold standard of environmental reporting with the richest and most comprehensive dataset on corporate and city action.
Consolidated as a low-risk ESG company, placing it in the top five companies in the global Telecom Services industry, Cellnex is ESG top-rated industry in 2022 and 2023.
Sustainalytics - STOXX Global ESG Leaders
Sustainalytics, a Morningstar Company, is a leading Environmental, Social and Governance (ESG) research, ratings and data firm that supports investors around the world with the development and implementation of responsible investment strategies.
Cellnex stands out for its leadership in Corporate Governance within telecom services; in 2022 it maintained its score of A, upgraded from BBS in 2021.
MSCI
MSCI is a leading provider of critical decision support tools and services for the global investment community. MSCI ESG Research provides MSCI ESG ratings on global listed companies, and some unlisted companies, on a scale from AAA (leader) to CCC (laggard), based on exposure to industry-specific ESG risks and how well they manage those risks relative to peers.
Member of the FTSE4good indexes since 2017, Cellnex’s score is above the average for the telecommunications sector and the mobile telecommunications sub-sector.
FTSE4Good
The FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices. Transparent management and clearly-defined ESG criteria make FTSE4Good indexes suitable tools to be used by a wide variety of market participants when creating or assessing sustainable investment products.
Cellnex is participant of the Corporate Sustainability Asessment (CSA) of S&P Global as guest company in both for DJSI World and DJSI Europe eligibility. The company has continue improving its overall score on an annual basis and has positioned itself above the industry average. In 2023 Cellnex has been included in the 2023 Sustainability Yearbook as “Industry Mover”.
Dow Jones Sustainability Index
The Dow Jones Sustainability Indices (DJSI) are a family of best-in-class benchmarks for investors who have recognized that sustainable business practices are critical to generating long-term shareholder value and who wish to reflect their sustainability convictions in their investment portfolios.
GRESB has evaluated Cellnex within the Infrastructure Public Disclosure. Since 2021, Cellnex is recognised as leaders in comparison to the rest of the competitors in the sector.
GRESB
GRESB is a mission-driven and industry-led organization providing standardized and validated Environmental, Social and Governance (ESG) data to financial markets. Established in 2009, GRESB has become the leading ESG benchmark for real estate and infrastructure investments across the world, used by 140 institutional and financial investors to inform decision-making.
Cellnex is member of the SE Spanish Index since 2017. In early 2023, the company was upgraded in the Corporate Standard Ethics Rating (SER) to "EE", from "EE-" previously, with a positive outlook.
Standard Ethics
The Standard Ethics Rating is an evaluation of the level of compliance of companies and sovereign nations on matters such as governance and sustainability as indicated by documents and guidelines published by the United Nations, the OECD and the European Union. By applying this methodology, Standard Ethics’ approach can be considered as 'ethically neutral’
Cellnex was included in the Bloomberg Gender-Equality index for the first time in 2022 and has consolidated its position in 2023.
Bloomberg Gender-Equality
The Bloomberg Gender-Equality Index (GEI) tracks the performance of public companies committed to disclosing their efforts to support gender equality through policy development, representation, and transparency.
