Sustainability
At Cellnex we integrate ESG (Environmental, Social and Governance) aspects into our strategy, measuring and managing the impacts we generate on society and the environment in an efficient and responsible manner.
Our value creation model, based on the ESG Policy, is materialised through the 2021-2025 ESG Master Plan that sets out the roadmap to be followed.
By establishing objectives and commitments, we aspire to continue improving Cellnex’s sustainability performance while extending our commitment throughout our value chain and with our stakeholders.
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. A mid-term review of the ESG Master Plan was carried out in 2023. The ESG Master Plan now consists of a total of 6 strategic axes, 21 strategic lines and more than 100 actions. The SDGs corresponding to each strategic line have also been updated.
Strategic Axes
Strategic lines
ESG Awareness.
Create strong relationship with our stakeholders and alliances with third parties
Related SDGs
Strategic lines
Manage the risks and opportunities of our activity.
Act ethically, respecting compliance and regulatory standards.
Cybersecurity & privacy of information.
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 health and safety and wellbeing 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
Integrated environment management
Climate Change
Energy management
Water management
Circular Economy
Biodiversity and land use
Infrastructures Environmental impacts
Training, awareness and collaboration with Community
Related SDGs
Strategic lines
Extend our commitment to suppliers.
Extend our commitment to customers.
Related SDGs
Strategic lines
ESG Awareness.
Create strong relationship with our stakeholders and alliances with third parties
Related SDGs
Strategic lines
Manage the risks and opportunities of our activity.
Act ethically, respecting compliance and regulatory standards.
Cybersecurity & privacy of information.
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 health and safety and wellbeing 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
Integrated environment management
Climate Change
Energy management
Water management
Circular Economy
Biodiversity and land use
Infrastructures Environmental impacts
Training, awareness and collaboration with Community
Related SDGs
Strategic lines
Extend our commitment to suppliers.
Extend our commitment to customers.
Related SDGs
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The economic contribution of the European wireless infrastructure 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.
In 2023, Cellnex was included in the DJSI Europe, scored 81 (out of 100) in the 2023 S&P Global Corporate Sustainability Assessment (CSA Score as of 15/03/24), +48 points relative to the sector average, and increased its percentile by two points. Since 2017, Cellnex has improved its score by +52,8%.
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.
