Cellnex Telecom S A : 2023 Environment and Climate Change Report

2023	Environment and Climate Change Report	About us	Corporative	Sustainable	Climate	Use of resources	Biodiversity and	Appendix
			strategy	finance	change	and circular	ecosystems

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Table of Contents

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A

Message CEO

About us

Corporative

Sustainable

Climate Change

Use of

Biodiversity

Appendix

strategy

finance

resources

and ecosystems

and circular

economy

Our year	Governance and	EU Taxonomy	Climate Change, a	Life cycle assessment
7	environmental	20	reality	50
Sustainable	management model	Supply chain and	25	Water and waste
10
Development Goals	ESG impacts	confirming	Carbon Footprint	management
8	22	26	52
	12	Sustainable Financing	SBT	Eco-design
	Environment and	Framework	30	54
	Climate Change	23
	Strategy		Net-zero: mitigation
	15		and compensation
	Commitment to the		actions
		31
	value chain		Adaptation to Climate
	17
			Change
			37
			Task Force on
			Climate-Related
			Financial Disclosures
			(TCFD)
			39

Taskforce on Nature-	Contribution to the
related Financial	SDG's
Disclosures (TNFD)	70
57	Methodologies used:
Protection and	Carbon Footprint,
conservation	LCA, Water Footprint
65	and Taxonomy
Preservation of areas	81
Certifications,
67
	regulations and
	frameworks
	89
	Associations and
	Memberships
	90
	Additional KPI's
	91
	GRI contents
	99
	Verification of this
	document
	101

2023	Environment and Climate Change Report	About us	Corporative	Sustainable	Climate	Use of resources	Biodiversity and	Appendix
			strategy	finance	change	and circular	ecosystems

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2023	Environment and Climate Change Report	About us	Corporative	Sustainable	Climate
			strategy	finance	change

A message from Marco Patuano

Use of resources	Biodiversity and	Appendix
and circular	ecosystems

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The big change managers in all companies must make is to fully embed ESG criteria into their core strategies, rather than treating them as add-ons or secondary considerations. We must reverse the paradigm. How can our strategy contribute to sustainability? ESG policies are not a consequence, they are a goal. In an increasingly connected and interdependent world, it not only matters what we do but also how we do it.

Therefore ESG and one of its constituent parts, which is the Environment and Climate Change Strategic Plan, become a pivotal element. This is what the report you have in your hands is about. Let me introduce it briefly.

During 2023, and as part of our global ESG strategy and master plan, we completed the execution of our previous Strategic Sustainability Plan (2021-2023), while welcoming the new Environment and Climate Change Strategic Plan (2023-2025), which acknowledges the impact of climate change on our activities, as well as proposes initiatives aimed to minimize the impact on the natural environment in which we operate. Thus, adopting the principles of the double materiality assessment.

As we did announce last year we are executing a thorough analysis of the impact on biodiversity with a focus on natural capital, enabling us, in the coming years, to guide our actions for the preservation of the environment. We recognize the importance of natural capital and how it contributes to the proper management of our business, ensuring that it's included in the correspondent decision-making processes.

In 2023 we have continued to work intensively on mitigation initiatives through different energy transition measures as well as efficiency improvement actions for our operations and those of our suppliers.

Finally, I would like to highlight two milestones in climate management: the consolidation of our commitment to net- zero carbon emissions by 2050 and the development of the Climate Change Adaptation Plan. Let me share as well that, one year more, we have been able to keep our position among the best performers from our class in the main sustainability ratings. Considering the specific angle of climate change, we keep - for fifth year in a row-, our leadership position in the exclusive CDP "A list".

We are committed to continue our sustainability journey and provide better and more responsible connectivity solutions for everyone.

2023	Environment and Climate Change Report	About us	Corporative	Sustainable	Climate	Use of resources	Biodiversity and	Appendix
			strategy	finance	change	and circular	ecosystems

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2023	Environment and Climate Change Report	About us	Corporative	Sustainable	Climate	Use of resources	Biodiversity and	Appendix
			strategy	finance	change	and circular	ecosystems

Cellnex is Europe's leading operator of wireless telecommunications infrastructures, over 2,500 professionals of 55 different nationalities who work every day to ensure that more than 250 million people throughout Europe enjoy telephone, data, radio and TV services through our infrastructures.

We strongly believe that communication is a key driver of human progress and that's why we want to offer endless opportunities to bring the world closer through connectivity. In a constantly changing world that's facing the negative impacts of climate change, we aim to strengthen our commitment to society by integrating ESG factors into our strategy. This enables us to measure and manage our impact on society and the environment in an efficient and responsible way.

This is the fourth edition of Cellnex Telecom's environment and climate change report. In the following pages we describe and detail our commitment to society and the environment through our actions as a group and our achievements in 2023.

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2023	Environment and Climate Change Report	About us	Corporative	Sustainable	Climate	Use of resources	Biodiversity and	Appendix
			strategy	finance	change	and circular	ecosystems

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2.1. Our Year

77%

sourcing of renewable electricity in 2023 and a target of 100% by 2025

-51%

78%

In 2023 Cellnex reduced its total

of suppliers have answered the questionnaire about their environmental impact. This

emissions compared to 2020 by 51%

allows Cellnex to improve measurement and knowledge of the impact of our supply

chain.

We have evaluated our impact on biodiversity through a TNFD study (Taskforce on Nature-related Financial Disclosure)

The Environment and Climate Change Policy was updated in 2023 considering the Global Biodiversity Framework, No Net Loss Principle and no deforestation commitment

Following the net-zero and carbon neutral commitments in 2022, in 2023 we published our Net-zero strategy.

Development of mobility plans tailored to the specific needs of Cellnex offices in Spain, based on a comprehensive global mobility survey

Cellnex maintains its CDP "A" score for the fifth consecutive year

Cellnex worked on updating the management and assessment of risks and opportunities arising from climate change in accordance with the recommendations of the TCFD

Obtaining LEED and WELL certification in the Cellnex corporative building in Barcelona (Torre Llevant)

2023	Environment and Climate Change Report	About us	Corporative	Sustainable	Climate	Use of resources	Biodiversity and	Appendix
			strategy	finance	change	and circular	ecosystems

2.2. Sustainable Development Goals

In 2015 all the United Nations member states adopted the 2030 Agenda for Sustainable Development, which provides a shared blueprint for peace and prosperity for people and the planet, now and into the future. At Cellnex we are committed to achieving all the goals and since 2015 we have been part of the United Nations Global Compact, the UN initiative leading corporate sustainability in the world.

Last year we identified 10 SDGs that were relevant for us and during 2023 we reevaluated them in accordance with our Environment and Climate Change Strategy and defined 8 Sustainable Development Goals to set the path forward to be leaders in environmental management.

The annexesdescribe each of the SDGs and how environmental actions contribute to the achievement of the SDGs

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2023	Environment and Climate Change Report	About us	Corporative	Sustainable	Climate	Use of resources	Biodiversity and	Appendix
			strategy	finance	change	and circular	ecosystems

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2023	Environment and Climate Change Report	About us	Corporative	Sustainable	Climate	Use of resources	Biodiversity and	Appendix
			strategy	finance	change	and circular	ecosystems

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3.1 Governance

To deliver responsible management in such a way that policies and procedures are designed and implemented to advocate sustainability, Cellnex is aware of the need for a solid and effective governance structure to integrate the company's purpose and put measures in place to promote sustainable business development.

Cellnex has a solid governance structure that is responsible for integrating sustainability and climate change into the daily management of the company and fulfil the strategy.

In this way, Cellnex is committed to integrating sustainability and climate change into the day-to-day management of the company so that it operates responsibly in each of its activities and areas of business.

Cellnex has three corporate bodies involved in environmental management: the NRSC, the ESG Executive Committee and ESG Leaders for each of the countries in the group.

In compliance with its purpose, Cellnex has a Nominations, Remunerations and Sustainability Committee (NRSC), which is part of the company's Board of Directors, in charge of supervising and evaluating all the company's ESG practices to ensure that they meet their objective. In addition, as the second corporate body involved in environmental management, Cellnex has an ESG Committee, which is composed of various departments related to ESG topics. The role of the ESG Committee is to promote and guide the Group's actions in ESG matters, involving all corporate areas and business units.

Finally, last year we introduced the figure of ESG leaders for each of the countries in the group to establish a task force on ESG aspects. The objective is to improve communication between business units, through quarterly meetings and a community, to advance together in daily sustainability operations.

The following figure shows the structure of these bodies, detailing their functions:

Nominations, Remunerations and Sustainability Committee (NRSC)

Supervising and evaluating the relationship processes with our stakeholders.

Overseeing that Cellnex's environmental and social practices are aligned with the company's ESG strategy and policies.

Evaluating and periodically reviewing the corporate governance system and the Company's environmental and social policy to ensure that they fulfil their mission of promoting the corporate interest and take the legitimate interests of other stakeholders into consideration, as appropriate.

Reviewing and ensuring accountability in the Integrated Annual Report and ESG Master Plan development

Advising on the strategy for contributions to the Cellnex Foundation and adapting them to comply with the ESG programmes adopted by Cellnex

ESG committee

Evaluating, promoting, and guiding the group's ESG initiatives.

Ensuring compliance with the ESG regulation in Cellnex's environmental and social practices.

Involving all Cellnex Corporate Areas and Business Units in the implementation of the ESG strategy and the Master Plan.

Anticipating potential risks associated with changes in the ESG regulatory framework.

ESG Leaders

Coordinating daily operations in ESG matters within the business units.

Keeping up to date with ESG trends and projects

Sharing knowledge and experience

Monitoring the ESG Master Plan and coordinating the reporting process