Climate Change Data

Environmental Metrics

ESG Focus Areas

• Governance
• Corporate Responsibility

Social Achievements

• Incorporation into FTSE4Good and Standard Ethics indexes.

Governance Achievements

• Expansion of the board from 9 to 10 members, increasing board independence.
• Appointment of Bertrand Boudewijn Kan as Vice-Chairman.
• Deployment of corporate governance policies across all countries and businesses.
• Monitoring and adapting plans for the succession of main management positions.

Climate Goals & Targets

Environmental Challenges

• Managing the integration of acquired assets and meeting customer commitments.
• Designing adequate and competitive financing structures.

Mitigation Strategies

• Competitive debt structure (6 years average maturity) and average cost of debt (2.4%).
• Access to liquidity of approximately EUR 1,400 million (EUR 2,000 million in January 2018).
• Capacity to generate cash, allowing flows from growth to reduce net debt to EBITDA ratio.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI

Environmental Metrics

ESG Focus Areas

• Corporate Governance
• Ethics and Regulatory Compliance
• Transparency and Reporting
• Human Rights
• Risk Management
• Energy Responsibility
• Employee Development and Retention
• Employee Health and Safety
• Service Security
• Data Privacy
• Economic Performance
• Resource Rationalisation

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards (Essential option), AA1000 AccountAbility Principles

Third-party Assurance: Deloitte S.L.

Environmental Metrics

ESG Focus Areas

• Corporate governance
• Ethics and regulatory compliance
• Transparency and reporting
• Human Rights
• Management of risks and opportunities
• Energy Responsibility
• Training, professional development and retention of talent
• Employee health and safety
• Hiring head of employees
• Service security
• Data privacy
• Economic performance
• Resource rationalisation

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards (Essential option), AA1000 AccountAbility Principles

Third-party Assurance: Deloitte S.L.

Environmental Metrics

ESG Focus Areas

• Climate Change
• Environmental Management
• Sustainable Development
• Biodiversity
• Resource Conservation
• Supply Chain Management
• Social Responsibility
• Governance

Environmental Achievements

• Reduced GHG emissions/annual income by 39% compared to 2019
• Reduced energy consumption/annual income by 18% compared to 2019
• 100% offsetting of Scope 1 emissions for all countries
• 99.2% waste recovery in Cellnex Spain
• 40% of Cellnex's energy consumption in 2021 is certified green energy
• 50% certified green energy consumption in Spain in 2021
• Saving of 540 tons of CO2 equivalent to the amount of CO2 that 27,000 trees absorb in a year

Social Achievements

• Global mobility study conducted
• Implementation of educational programs on climate change and circular economy
• Participation in the co-production of the Barcelona Climate Plan
• Collaboration with Ambientech on educational programs
• Support for the Marker Wadden project
• Cellnex Mobility City Lab launched in Zaragoza

Governance Achievements

• Creation of the Appointments, Remuneration and Sustainability Committee (CNRS)
• Launch of an ESG Executive Committee
• Updated ESG Master Plan (2021-2025) at group level
• Participation in sustainability indices (DJSI, CDP, FTSE4Good, Sustainalytics)

Climate Goals & Targets

Environmental Challenges

• Rising temperatures
• Sea level rise
• Increased risk of hurricanes, floods, wildfires
• Increased price of GHG emissions, rise in energy costs
• Increased emissions reporting needs
• Expected increase in electricity consumption
• Expected increase in operational costs due to increased electricity consumption of cooling systems

Mitigation Strategies

• Energy Transition Plan
• Energy efficiency projects (free-cooling, ENERTIKA)
• Purchase of green energy (PPAs, Guarantees of Origin)
• Implementation of ISO 50001
• Global Risk Management System integrating climate change risks
• Analysis of climate scenarios (TCFD aligned)
• Development of alternative sourcing strategies
• Promoting infrastructure sharing

Supply Chain Management

Supplier Audits: 190 suppliers evaluated in 2020 (environmental issues)

Responsible Procurement

• Environmental requirements form for suppliers
• CDP Supply Chain questionnaire
• Collaboration with EcoVadis

Climate-Related Risks & Opportunities

Physical Risks

• Rising temperatures
• Sea level rise
• Hurricanes
• Floods
• Wildfires

Transition Risks

• Increased price of GHG emissions
• Rise in energy costs
• Increased emissions reporting needs
• Regulatory changes

Opportunities

• Use of less carbon-intensive energy sources
• Development of low-carbon goods and services
• Increased demand for products and services related to monitoring climate events and promoting adaptation
• Improved energy management

Reporting Standards

Frameworks Used: TCFD, GHG Protocol, ISO 14064-1:2018, ISO 14064-3:2019, ISO 14040:44, UN SDGs, Science Based Targets initiative

Certifications: ISO 14001, ISO 50001, LEED, WELL

Third-party Assurance: TÜV Rheinland Inspection, Certification & Testing, S.A.

UN Sustainable Development Goals

• SDG 7
• SDG 6
• SDG 9
• SDG 13
• SDG 14
• SDG 15
• SDG 17

The report details how Cellnex's initiatives contribute to these goals.

Environmental Metrics

ESG Focus Areas

• Climate Change
• Energy Transition
• Equity, Diversity and Inclusion
• Social Inclusion
• Governance

Environmental Achievements

• Achieved approximately 40.5% renewable energy consumption in 2021.
• Set a goal of 100% renewable energy consumption by 2025.
• Established specific emission reduction targets validated by the Science Based Targets initiative (SBTi) aligned with a 1.5°C warming scenario.

Social Achievements

• Launched Cellnex Bridge, an acceleration program for tech start-ups focused on social action.
• Extended the “Youth Challenge” volunteer initiative to Italy, Portugal, and France.
• Joined Target Gender Equality accelerator program.

Governance Achievements

• Improved ratings in sustainability indices (Sustainalytics, CDP, MSCI ESG).

Climate Goals & Targets

Environmental Challenges

• Reducing scope 1, 2, and 3 emissions.

Mitigation Strategies

• Implemented an Energy Transition Plan to achieve 100% renewable energy by 2025.
• Set targets to reduce GHG emissions by 70% by 2030 (scopes 1 & 2) and 21% reduction in GHG emissions from capital goods by 2025.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Science Based Targets initiative (SBTi), UN Sustainable Development Goals (SDGs)

Awards & Recognition

• CDP Supplier Engagement Leader 2021
• CDP Climate Change "A List" (three years running)
• Bloomberg Gender Equality Index (2022)