Cellnex
Cellnex Telecom, a leading independent telecommunications infrastructure operator, is headquartered in Madrid, Spain (ES). Founded in 2015, the company has rapidly expanded its footprint across Europe, with significant operations in countries such as Italy, France, the Netherlands, and the United Kingdom. Specialising in the deployment and management of wireless telecommunications infrastructure, Cellnex offers a range of services including tower management, small cells, and fibre optic networks. Its commitment to innovation and sustainability sets it apart in the industry, enabling seamless connectivity for mobile network operators and enhancing digital communication. With a robust market position, Cellnex has achieved notable milestones, including the acquisition of numerous telecom assets, solidifying its status as a key player in the European market. The company continues to drive growth and transformation in the telecommunications sector, supporting the increasing demand for connectivity.
DitchCarbon Score
How does Cellnex's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Telecommunications Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Cellnex's score of 85 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Cellnex's reported carbon emissions
In 2024, Cellnex reported total carbon emissions of approximately 319,086,580 kg CO2e. This includes 4,979,960 kg CO2e from Scope 1, 16,529,340 kg CO2e from Scope 2 (market-based), and a significant 297,577,280 kg CO2e from Scope 3 emissions. The previous year, 2023, saw total emissions of about 99,700,000 kg CO2e across various regions, with Scope 3 emissions dominating the figures. Cellnex has set ambitious climate commitments, aiming for net-zero carbon emissions by 2050. They have established a near-term target to reduce absolute Scope 1, 2, and 3 GHG emissions by 70% by 2030, using 2020 as the baseline year. Additionally, they aim to achieve a 21% reduction in absolute Scope 3 emissions from purchased goods and services by 2025. The company is also committed to increasing its sourcing of renewable electricity from 0% in 2020 to 100% by 2025, reflecting a strong dedication to sustainability and climate action. These initiatives align with the Science-Based Targets initiative (SBTi) and demonstrate Cellnex's proactive approach to addressing climate change.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 2,049,930 | 0,000,000 | 0,000,000 | 000,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 161,749,000 | 000,000,000 | 000,000,000 | - | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Cellnex is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
