Cellnex Telecom, S.A. is a leading European operator of wireless telecommunications infrastructure, owning, managing, and leasing a vast portfolio of over 135,000 sites including telecommunication tow... Cellnex Telecom, S.A. is a leading European operator of wireless telecommunications infrastructure, owning, managing, and leasing a vast portfolio of over 135,000 sites including telecommunication towers, broadcasting networks, and urban connectivity assets across 12 countries such as Spain, Italy, France, the United Kingdom, Poland, the Netherlands, Austria, Denmark, Ireland, Portugal, Sweden, and Switzerland. Its primary function is to provide neutral-host infrastructure services to mobile network operators, broadcasters, and other clients, enabling reliable wireless communications, mobile data transmission, 5G deployment, and smart city solutions like IoT and security networks. Operating through segments including Towers, DAS/Small Cells/RAN as a Service, Broadcast, and Fiber/Connectivity/Housing Services, the company generates revenue mainly from telecom infrastructure leasing (84.5%), radio broadcasting (6%), and network services (9.5%), with geographic distribution spanning Spain (14.4%), Italy (19.5%), France (19.9%), and others. Cellnex Telecom, S.A. plays a pivotal role in Europe's digital transformation by supporting expanding data demands, network densification, and infrastructure consolidation through strategic acquisitions and organic growth.
In 2025, Cellnex Telecom S.a was subject to the Corporate Sustainability Reporting Directive (CSRD)'s requirements, which mandated the company to publish EU Taxonomy disclosures.
The company reported the eligibility and alignment of Turnover, Capital Expenditure (CAPEX) and Operating Expenditure (OPEX) with the EU Taxonomy, helping assess the extent to which its business activities align with Europe's environmental sustainability goals.
Cellnex Telecom S.a has also provided an activity-level breakdown of its EU Taxonomy disclosures. This granular reporting enhances transparency around which economic activities of Cellnex Telecom S.a are considered environmentally sustainable and contribute to at least one of the six environmental objectives defined under the EU Taxonomy framework.
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2024
2023
2022 - 2017
Total Taxonomy Aligned Turnover
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Total Taxonomy Eligible Turnover
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14.1 CCA - Emergency Services
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4.1 WTR - Provision of IT/OT data-driven solutions for leakage reduction
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8.1 CCM/CCA - Data processing, hosting and related activities
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8.2 CCM - Data-driven solutions for GHG emissions reductions
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Metric
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2024
2023
2022 - 2017
Total Taxonomy Aligned Opex
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Total Taxonomy Eligible Opex
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2025
2024
2023
2022 - 2017
Total Taxonomy Aligned Capex
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Total Taxonomy Eligible Capex
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14.1 CCA - Emergency Services
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4.1 WTR - Provision of IT/OT data-driven solutions for leakage reduction
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7.3 CCM/CCA - Installation, maintenance and repair of energy efficiency equipment
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7.6 CCM/CCA - Installation, maintenance and repair of renewable energy technologies
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8.1 CCM/CCA - Data processing, hosting and related activities
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8.2 CCM - Data-driven solutions for GHG emissions reductions
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Limited Data Preview
You are viewing a limited preview of Cellnex Telecom S.a’s EU Taxonomy dataset. The full dataset, available for download, includes eligibility and alignment metrics for turnover, CAPEX, and OPEX across all EU Taxonomy categories, at both aggregate and activity level, with historical coverage back to 2022.
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Verified Sources Behind Cellnex Telecom S.a’s EU Taxonomy Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Cellnex Telecom S.a’s data sources below and access millions more through our Disclosure Search.
a. Cellnex Telecom S.a's Integrated Report 2025
b. Cellnex Telecom S.a's Integrated Report 2024
c. Cellnex Telecom S.a's Integrated Report 2023
d. Cellnex Telecom S.a's Environmental Report 2022
Insights into Cellnex Telecom S.a's Revenues from Sustainable Activities
In 2025, Cellnex Telecom S.a reported EU Taxonomy-eligible revenues of EUR 56.73 million, representing 1.42% of its total turnover. Of this amount, EUR 49.63 million of Cellnex Telecom S.a's revenues was classified as EU Taxonomy-aligned, indicating that 1.24% of the revenue-generating activities undertaken by the company substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
Cellnex Telecom S.a's Taxonomy-Eligible Turnover Over Time
Total Taxonomy Eligible Turnover
Total Taxonomy Aligned Turnover
Have Cellnex Telecom S.a's revenues become more sustainable over time?
Since 2022, Cellnex Telecom S.a's taxonomy-aligned revenues decreased by 82%, indicating a long-term decline in environmentally sustainable revenue performance.a, d
Compared to the previous year (2024), Cellnex Telecom S.a's taxonomy-aligned revenues increased by 49.4%,highlighting Cellnex Telecom S.a's deeper integration of environmentally sustainable activities into its core business model, or improved classification and reporting of those activities under the EU Taxonomy.a, b
How much of Cellnex Telecom S.a's revenue is eligible under the EU Taxonomy?
In 2025, Cellnex Telecom S.a reported that EUR 56.73 million of its revenue was eligible under the EU Taxonomy, representing 1.42% of the company's total turnover. Of this amount, EUR 49.63 million (1.24% of total revenue) was classified as Taxonomy-aligned. This means that 0.18% of Cellnex Telecom S.a's revenue is eligible but not aligned, indicating that these activities did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards.a
How much of Cellnex Telecom S.a's eligible revenue is aligned with the EU Taxonomy?
In 2025, Cellnex Telecom S.a reported that EUR 49.63 million of its revenue was aligned under the EU Taxonomy, representing 1.24% of its total turnover.a
This low alignment highlights either a limited focus on green activities or early-stage adoption of sustainability frameworks, underscoring opportunities for further alignment with EU climate objectives.
Cellnex Telecom S.a's Contribution to Environmental Objectives
Total Taxonomy Aligned Turnover
How is Cellnex Telecom S.a's taxonomy-aligned revenue distributed across the EU environmental objectives?
In 2025, Cellnex Telecom S.a reported that its taxonomy-aligned revenue was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 0.05%
Climate Change Adaptation: 1.01%
Sustainable Use and Protection of Water and Marine Resources: 0.19%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%
How much revenue does Cellnex Telecom S.a earn from selling climate-related solutions ?
In 2025, Cellnex Telecom S.a reported that EUR 42.35 million of its total revenue was associated with activities contributing to the EU taxonomy climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This accounted for 1.06% of the company's total revenue,indicating that Cellnex Telecom S.ahas limited exposureon solutions that support climate action through its commercial activities.a
Insights into Cellnex Telecom S.a's CAPEX from Sustainable Activities
In 2025, Cellnex Telecom S.a reported EU Taxonomy-eligible CAPEX of EUR 12.20 million,representing 0.64% of its total CAPEX. Of this amount, EUR 11.03 million of Cellnex Telecom S.a's CAPEX was classified as EU Taxonomy-aligned, indicating that 0.58% of the company's investments were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
Cellnex Telecom S.a's Taxonomy-Eligible Capex Over Time
Total Taxonomy Eligible Capex
Total Taxonomy Aligned Capex
Have Cellnex Telecom S.a's increased its investment in sustainable activities over time?
Since 2022, Cellnex Telecom S.a's taxonomy-aligned capital expenditure (CAPEX)increased by 480%,pointing to a long-term shift toward greater investment in environmentally sustainable activities recognized under the EU Taxonomy.a, d
Compared to the previous year (2024), Cellnex Telecom S.a's taxonomy-aligned CAPEX decreased by 10.77%,suggesting that Cellnex Telecom S.a may have scaled back investments in sustainable projects, reprioritized its capital deployment, or reduced transparency in its taxonomy-aligned disclosures.a, b
How much of Cellnex Telecom S.a's capital expenditure (CAPEX) is eligible under the EU Taxonomy?
In 2025, Cellnex Telecom S.a reported that EUR 12.20 million of its capital expenditure (CAPEX) was eligible under the EU Taxonomy, representing 0.64% of the company's total CAPEX. Of this amount, EUR 11.03 million (0.58% of total CAPEX) was classified as Taxonomy-aligned. This means that 0.06% of Cellnex Telecom S.a's CAPEX is eligible but not aligned, indicating that these investments either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).a
How much of Cellnex Telecom S.a's eligible CAPEX is aligned with the EU Taxonomy?
In 2025, Cellnex Telecom S.a reported that EUR 11.03 million of its CAPEX was aligned under the EU Taxonomy, representing 0.58% of its total capital investment.a
This low alignment reflects that Cellnex Telecom S.a is beginning to transition its capital allocation toward greener investments, but still retains substantial opportunities for further alignment with sustainability goals.
Cellnex Telecom S.a's Contribution to Environmental Objectives
Total Taxonomy Aligned Capex
How is Cellnex Telecom S.a's taxonomy-aligned CAPEX distributed across the EU environmental objectives?
In 2025, Cellnex Telecom S.a reported that its taxonomy-aligned capital expenditure (CAPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 0.4%
Climate Change Adaptation: 0.18%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%
How much Cellnex Telecom S.a is investing in climate-related solutions?
In 2025, Cellnex Telecom S.a allocated EUR 11.06 million of its CAPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 0.58% of the company's total capital expenditure,indicating that Cellnex Telecom S.ahas only marginally directed its capital expenditure toward climate-related activities, suggesting limited alignment with climate objectives.a
Insights into Cellnex Telecom S.a's OPEX from Sustainable Activities
In 2025, Cellnex Telecom S.a reported that 0% of its its total operating expenses (OPEX) was EU Taxonomy-eligible. Of this, 0% was classified as EU Taxonomy-aligned, indicating that these operating activities substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
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