Cellnex Telecom strengthens its dedication to sustainable practices by accomplishing the objectives outlined for 2022 in its ESG Master Plan.

On March 22, 2023, Cellnex, the largest operator of wireless communications infrastructure in Europe, announced its continued efforts towards environmental, social, and good governance (ESG) initiatives. The company's Integrated Annual Report revealed that in 2022, they achieved all of the goals outlined in their ESG Master Plan for 2021-2025. The report indicated that the company made significant progress in planning, achieving a 100% level of performance, and a 93% level of progress in implementing the defined actions for 2022.

Cellnex follows the 'Growing Together' principle to determine its ESG actions, which involve all members of staff, in order to achieve the Sustainable Development Goals (SDGs) established in the 2030 Agenda. The director of Sustainability and Cellnex Foundation, Àngels Ucero, states that "ESG is crucial to our business strategy across all areas and units of the group in different countries. Transitioning towards sustainable activity is a critical commitment by Cellnex, supported by achieving all the actions outlined in the Master Plan for 2022. We have made a dedication that goes beyond reaching our objectives, and we have integrated sustainability as a key pillar, including a purpose and values that are central to the group's operations."

Furthermore, Cellnex is continuously enhancing its standing in sustainability indices. By 2022, it has established itself as one of the top five worldwide telecommunications corporations for sustainability, coming in fifth for the Sustainalytics - ESG Risk Rating, and landing among the firms with the lowest global ESG risk in its sector. Additionally, the corporation is featured in leading sustainability ratings and indices, like CDP, FTSE4Good, MSCI, and the S&P Global Corporate Sustainability Assessment, where it was designated an "Industry Mover" in the 2023 Sustainability Yearbook.

The ecology: Developing in a sustainable manner over the long term.

In 2022, Cellnex made improvements to their Environment and Climate Change strategy for 2023-2025. Their aim is to enhance their efforts to diminish, balance, and offset their negative effects on the environment and climate across their value chain. Alongside this, Cellnex launched their second Environment and Climate Change Report which includes data on Natural Capital analysis. This analysis allows them to evaluate the impact, reliance, dangers, and chances related to their business. Furthermore, it outlines the Climate Change Adaptation Plan developments, among others.

Cellnex is continuing with its effort to reduce its carbon footprint, with the ultimate goal of becoming carbon-neutral by 2035 and hitting net zero emissions by 2050. To achieve this, the company regularly analyzes and monitors its science-based targets for reducing emissions, which has resulted in nearly 50% reduction across all scopes (1, 2, and 3). These efforts have been successful and are contributing greatly to the decarbonisation plan.

Variety and acceptance as aids to excellence in people.

In practical terms, Cellnex has demonstrated its commitment to people through a series of actions in 2022. They first redefined their purpose and values through a bottom-up exercise. They also created an Employer Branding strategy to showcase themselves as excellent employers, and made progress towards achieving social goals, which has been recognized externally in the 2023 Bloomberg Gender-Equality Index. Within the company, Cellnex invested significant resources towards training Equity, Diversity, and Inclusion (EDI) through workshops and awareness-raising campaigns. They have also implemented a plan to prioritize well-being in the workplace, which has been unanimously endorsed by employees across various Cellnex teams, according to the employee Pulse Survey.

Similarly, there has been advancement made towards the goals outlined in the ESG Master Plan for 2022 concerning this field. The proportion of women in leadership roles is presently at 27%, surpassing the earlier predicted target by 1%. The hiring rates of females is currently almost 45%, with the 2025 objective set at 50%. The recruitment of young talent is currently at 26%, with a target of 30% within reach.

Cellnex encourages open communication and values employee feedback as an ongoing opportunity for growth. As proof of this, over 73% of the team participated in a 2022 survey focused on commitment. The results showcased that the company's strategic outlook and commitment to diversity & inclusion are strong points throughout the organization.

Cellnex has established several objectives for the upcoming years. These include encouraging worldwide employee mobility, continuing the Employer Branding strategy, implementing an occupational health and safety program, and further encouraging a feeling of unity and a shared culture within the company, among other plans.

Leadership: behaving with honesty and ethics.

Cellnex is devoted to operating in a manner that is both efficient and transparently governed. They prioritize implementing and consolidating the best corporate governance practices, as outlined in the Good Governance Code for listed companies created by the Spanish National Securities Market Commission (CNMV). As part of this commitment, the company has recently made several noteworthy moves. These include updating their Human Rights Policy and Global Risk Management Policy, creating their first-ever annual Corporate Governance Report in a free format, organizing specialized training for the Board of Directors and Executive Committee on ESG, and launching a new Whistleblowing Channel.

Cellnex's governance actions have been endorsed as they have achieved compliance with the goals set out in the 2022 ESG Master Plan. The Board of Directors consists of 55% women, surpassing the 2022 estimate by 15%. Additionally, 91% of board members are non-executive, and there are representatives from seven different nationalities. Notably, all board members currently possess skills and experience in ESG, exceeding the 2022 objective of 25%.

Over the next few years, Cellnex will prioritize promoting ethical behavior and staying up-to-date with compliance regulations. They will also update their Global Quality Master Plan for the next round and implement a Business Continuity Management System in their remaining Business Units.

The Cellnex Foundation is motivated by Cellnex Telecom's strong desire to make a greater impact in creating a more connected and socially inclusive world. This is part of a broader initiative that reflects the company's dedication to ESG (Environmental, Social, and Governance) issues.

The Foundation has a big task at hand, which is to find ways to establish efficient digital connections between individuals and places. Their primary efforts revolve around addressing the difficulties and challenges presented by the disparities of technology, society, and locations.

Cellnex sees access to connectivity as a fundamental right and aims to make it more accessible to everyone to lessen inequality. To accomplish this, the Foundation has undertaken various initiatives, including the Cellnex Bridge, a rapid growth plan for fresh technology start-ups aligned towards social awareness in its second year of operation. Additionally, the Foundation has broadened the "Youth Challenge" volunteer scheme to five countries to help reduce school drop-out rates and improve the employment opportunities of young people facing exclusion with Cellnex's assistance, which was set up back in 2019.

It is crucial to have advanced connectivity in order to boost innovation and economic growth for everyone. Cellnex Telecom provides wireless communication and broadcasting infrastructure services to operators, giving them access to the most extensive network of advanced telecommunications infrastructure in Europe. This shared-use infrastructure helps to reduce barriers for new operators and improve service in remote areas.

Cellnex runs a collection of approximately 135,000 locations throughout Spain, Italy, the Netherlands, France, Switzerland, the United Kingdom, Ireland, Portugal, Austria, Denmark, Sweden, and Poland which includes predicted deployments up to 2030. Cellnex's enterprise is divided into four central segments: telecommunications infrastructure services; audiovisual broadcasting networks; security and emergency service networks; and smart utilities management solutions for urban infrastructures and services (Smart cities and the "Internet of Things" (IoT)).

The business is included in the Spanish stock exchange's continuous market and has a spot on the exclusive IBEX 35 and EuroStoxx 100 indices. Furthermore, it can also be found in sustainability indexes like CDP (Carbon Disclosure Project), Sustainalytics, FTSE4Good, and MSCI. Edizione, GIC, TCI, Blackrock, CPP Investments, CriteriaCaixa, and Norges Bank are amongst the major shareholders of Cellnex.

On March 22, 2023, Cellnex Telecom SA released this piece of writing and is wholly accountable for the details presented herein. It has been circulated publicly without any modifications at 15:22:04 UTC on the same date.