Cellnex joins the Science Based Target (SBT) initiative and Business Ambition for 1.5ºC commitment
Concepts such as sustainable development, energy efficiency or climate change are increasingly important for governments, companies and society at large.
Many countries committed to combating climate change are taking action in this regard. 195 countries signed the first binding climate agreement at the 2015 Paris Climate Conference (COP21).
Against this backdrop, and as part of the commitment to manage its activity sustainably, Cellnex Telecom has signed the commitment letter to the Science Based Target (SBT) initiative, which already includes almost 700 companies worldwide.
Science Based Targets is a joint initiative by CDP (Carbon Disclosure Project), the UN Global Compact, the World Resources Institute and WWF that aims to raise corporate ambition and help businesses pursue bolder solutions to climate change.
Initiatives taken by companies to reduce their greenhouse gas (GHG) emissions are considered “science-based targets” (SBT) if they are in line with the latest climate science. Furthermore, these moves should aim to meet the Paris Agreement targets: to keep the increase in global average temperature to well below 2°C above pre-industrial levels and to pursue efforts to limit the increase to 1.5°C.
In this connection, Cellnex has also signed the Business Ambition for 1.5ºC commitment, joining the world’s leading organisations committed to reducing greenhouse gas emissions.
The company therefore undertakes to set SBT emission reduction objectives to keep the global temperature increase below 1.5°C.
Commitment to these initiatives is part of one of the strategic lines of the Cellnex Sustainability Plan, which focuses on mitigation and adaptation to climate change. Other actions involve calculating the certified carbon footprint – under ISO 14064 -, an emissions compensation programme or an investment analysis model based on the internal carbon price, inter alia.
This Sustainability Plan, to be performed over the next five years, rolls out Cellnex’s global actions regarding its Sustainability policy in various fields (economic, social and environmental) and takes into account the expectations of its main stakeholders.
The Plan comprises 11 strategic lines which translate into concrete actions and are adapted to the activity and level of maturity of each business unit. To a greater or lesser extent depending on the activity concerned, each of these lines helps to achieve any of the 17 Sustainable Development Goals (SDGs) set in 2015 by the United Nations in its 2030 Sustainable Development Agenda.
Cellnex’s Sustainability Plan is part of the company’s Corporate Social Responsibility Master Plan, framed within the company’s strategy and its corporate culture and values.
The Corporate Responsibility (CR) Master Plan comprises all the ethical, environmental and social initiatives and sets commitments in accordance with internationally recognised standards such as the United Nations Global Compact, which the company joined in 2015, taking on board its principles as an integral part of its CSR programme. It is also part of the FTSE4GOOD and CDP (Carbon Disclosure Project), Sustainalytics and “Standard Ethics” sustainability indexes.