- 19 Jan 2017
FTSE Russell adds Cellnex Telecom to the FTSE4Good Index Series
- The company achieved an overall ESG Ratingof 3.6 out of 5, performing particularly well in governance (4.5 out of 5) and social responsibility (4 out of 5).
- The company achieved the highest possible rating (5 out of 5) for labour standards and anti-corruption measures.
Barcelona, January 19th 2017. Cellnex Telecom has just joined the FTSE4Good Index Series, which recognises good practices of listed companies on environmental, social and governance (ESG) issues. The company obtained a score of 4.5 out of 5 for governance practices and 4 out of 5 for social aspects, two of the three main areas of analysis that underlie the company’s inclusion in this selective international index.
On social issues, Cellnex Telecom achieved the highest possible score (5 out of 5) in the theme of labour standards and 4 out of 5 for the social supply chain theme. In terms of business management, the area in which it performs best, the company was rated especially highly for anti-corruption measures (5 out of 5) and corporate governance (4 out of 5).
About the FTSE4Good
The FTSE4Good Index Series is designed help investors to incorporate the performance of companies demonstrating strong ESG practices into their investment decisions.The indexes identify the companies that best manage the risks associated with these factors and are used for tracking index funds, for structured financial products and as a benchmark. They are also the benchmark for comparing investments.
The ESG ratings, which are the qualifications for admission to the FTSE4Good indexes, are used by investors who want to incorporate environmental, social and governance factors into their investment selection process. They are also used as a benchmark for assessing business commitment and for rating corporate governance
Climate Leadership award from the 2016 Carbon Disclosure Project
In the field of environmental management, we would recall that in late October Cellnex received the awar for best Spanish newcomer in the 2016 Climate Leadership Awards, an event organised by the Carbon Disclosure Project (CDP).
The CDP is one of the most recognised organisations for the assessment and dissemination of the results achieved by companies and organisations around the world in terms of environmental impact and sustainability indicators.
About Cellnex Telecom
Cellnex Telecom is Europe’s leading independent operator of wireless telecommunications infrastructure, with a total portfolio of nearly 18,000 sites, including the nodes managed by CommsCon. Cellnex operates in Spain, Italy, the Netherlands, France and the United Kingdom.
The company divides its activities into three areas: mobile telephone infrastructure; broadcasting networks; and security and emergency network services and solutions for smart management of urban infrastructure and services (smart cities and the “Internet of Things” (IoT)).