Cellnex Sustainability Profile
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 96 is higher than 96% 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 Telecom reported total greenhouse gas emissions of approximately 319,086,580 kg CO2e, with emissions distributed across various scopes: 4,979,960 kg CO2e (Scope 1), 16,529,340 kg CO2e (Scope 2), and 297,577,280 kg CO2e (Scope 3). The company has set ambitious climate commitments, aiming for net-zero carbon emissions by 2050, as part of its Net-Zero Strategy initiated in 2023. Cellnex has established specific reduction targets, including a 70% reduction in absolute Scope 1 and 2 emissions, as well as Scope 3 emissions from fuel and energy-related activities by 2030, using 2020 as the baseline year. Additionally, the company aims to reduce absolute Scope 3 emissions from purchased goods and services and capital goods by 21% by 2025, also from a 2020 baseline. The company is on track to achieve its near-term targets, including a commitment to source 100% renewable electricity by 2025, up from 0% in 2020. These initiatives reflect Cellnex's dedication to sustainability and its alignment with the Science-Based Targets initiative (SBTi) standards, ensuring that its emissions reduction strategies are consistent with limiting global warming to 1.5°C.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 2,049,930 | 0,000,000 | 0,000,000 | 0,000,000 | 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 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
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Cellnex's Scope 3 Categories Breakdown
Cellnex's Scope 3 emissions, which decreased by 28% last year and decreased by approximately 54% since 2020, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Upstream Leased Assets" being the largest emissions source at 33% of Scope 3 emissions.
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Cellnex's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Cellnex has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Cellnex's sustainability data and climate commitments