- 15 Mar 2023
Cellnex recognised by CDP as Supplier Engagement Leader for the second consecutive year
- The non-profit organisation recognises the Company for engaging its suppliers in the fight against climate change and its efforts to measure and reduce environmental impact in its supply chain.
Barcelona, 15th March 2023.- Cellnex has been recognised for the second consecutive year as “Supplier Engagement Leader” for its leadership in combating climate change by CDP, a non-profit organisation that manages a global disclosure system for investors, companies, cities, states and regions to manage their impact on the environment.
Cellnex’s commitment to sustainability and its efforts to measure and reduce climate risk within its supply chain has materialised during 2022 through training sessions on CDP to increase supplier participation. It has also launched a project to accompany and assist different suppliers in their carbon footprint calculation. This has managed to increase participation and the quality of the responses, with 225 participants responding in 2022 out of the 355 invited, 26% more than in 2021. Through the accompanying project, Cellnex has calculated the carbon emissions of 44% of the suppliers, which allows to improve the measurement and knowledge about the impact of their supply chain.
Àngels Ucero, Director of Sustainability at Cellnex pointed out that “a recognition like this is another example of Cellnex’s commitment to the development and implementation of good practices in environmental and climate change matters in the value chain. Together with the support of the Company’s purchasing area, this year we have managed to increase the participation of suppliers by 26%, also increasing the quality of the responses”.
Sonya Bhonsle, CDP’s Global Head of Value Chains says, “this year’s report shows that environmental action is not happening at the speed, scale and scope required to limit global temperature rises to 1.5 degrees, with many companies still not acknowledging that their impact on the environment extends far beyond their operations and that of climate change”. And adds, “therefore, we need to see environmental leadership from companies right now by tackling their impacts on climate change and nature together, working with their suppliers in an integrated way that includes nature as standard, and incentivizing this engagement within their organization.”
Cellnex has also recently been recognised by CDP for its transparency and commitment to climate change, consolidating its place on the “A List” for the fourth consecutive year.
The complete list of companies that earned a place on this year’s leaderboard can be found at the following link: https://bit.ly/SERLeadership22
CDP is a global non-profit that runs the world’s environmental disclosure system for companies, cities, states and regions. Founded in 2000 and working with more than 680 financial institutions with over $130 trillion in assets, CDP pioneered using capital markets and corporate procurement to motivate companies to disclose their environmental impacts, and to reduce greenhouse gas emissions, safeguard water resources and protect forests.
Nearly 20,000 organizations around the world disclosed data through CDP in 2022, including more than 18,700 companies worth half of global market capitalization, and over 1,100 cities, states and regions. Fully TCFD aligned, CDP holds the largest environmental database in the world, and CDP scores are widely used to drive investment and procurement decisions towards a zero carbon, sustainable and resilient economy.
CDP is a founding member of the Science Based Targets initiative, We Mean Business Coalition, The Investor Agenda and the Net Zero Asset Managers initiative.
For more information: https://www.cdp.net/
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 c.135,000 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: telecommunications infrastructure 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 indexes, such as CDP (Carbon Disclosure Project), Sustainalytics, FTSE4Good and MSCI. Cellnex’s reference shareholders include Edizione, GIC, TCI, Blackrock, CPP Investments, CriteriaCaixa and Norges Bank.