08/06/2019 | Press release | Distributed by Public on 08/06/2019 03:03
The average for the telecommunications sector is 2.9
Barcelona, 6 August 2019. Cellnex Telecom continues to improve its rating in the field of sustainability and, for the third consecutive year, is one of the group of companies leading the FTSE4Good index from FTSE Russell worldwide. The wireless telecommunications infrastructure operator obtained an overall score (ESG rating, Environment, Social and Corporate Governance) of 4.4 out of 5 - up from the 3.9 out of 5 it scored in 2018 - and is well above the average of its peers in the telecommunications sector, which stands at 2.9 out of 5.
The company achieved the highest possible score (5 out of 5) in all aspects related to corporate governance, both in anti-corruption measures and in its corporate governance structure (Board of Directors). There is more than one point difference above the average for the sector (3.9 out of 5) and almost one point with respect to the average of Spanish companies (4.1 out of 5). Last year, Cellnex achieved a score of 4.5 out of 5 in this category.
Cellnex raised its environmental rating and doubled the average for the telecommunications sector
The infrastructure operator recorded a significant advance in its environmental rating. Specifically, it achieved one point more, up from 3.3 out of 5 in 2018 to 4.3 out of 5. This score is more than double that registered in the telecommunications industry average, which fell from 2.4 out of 5 last year to 1.9 out of 5 this year. It is also almost two points above the average of Spanish companies (2.5 out of 5). Cellnex Telecom especially excels in the subcategory of Tackling Climate Change (5 out of 5).
Best social rating
Cellnex also improved its social rating by two tenths of a point, from 3.8 out of 5 of 2018 to 4 out of 5. The company obtained this score in the three subcategories (human rights and community, labour standards and social supply chain) and was 1.1 points above the average for the telecommunications sector, which is again 2.9 out of 5. The social rating of the Spanish companies included in the index is also 2.9 out of 5.
About Cellnex Telecom
Cellnex Telecom is Europe's leading operator of wireless telecommunications infrastructures with a total portfolio of 45,000 sites including forecast roll-outs up to 2027. Cellnex operates in Spain, Italy, Netherlands, France, Switzerland and the United Kingdom.
Cellnex's business is structured in four major areas: telecommunication infrastructures services; audiovisual broadcasting networks; security and emergency service networks and solutions for smart urban infrastructure and services management (Smart cities and the Internet of Things (IoT)).
The company is listed on the continuous market of the Spanish stock exchange and is part of the selective IBEX 35 and EuroStoxx 600 indices. It is also part of the FTSE4GOOD, CDP (Carbon Disclosure Project), Sustainalytics and 'Standard Ethics' sustainability indexes.
Cellnex's reference shareholders include ConnecT, with a 29.9% stake in the share capital, CriteriaCaixa, Blackrock, Wellington Management Group and Canada Pension Plan, holding smaller stakes.