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Cellnex Telecom SA

Common Name
Cellnex Telecom
Country
Spain
Sector
Real Estate
Industry
Real Estate Services
Employees
2,642
Ticker
CLNX
Exchange
BOLSA DE MADRID
Description
Cellnex Telecom, S.A. is a leading European operator of wireless telecommunications infrastructure. Its primary function is to own, manage, and lease a diverse portfolio of telecommunication towers, b...

Cellnex Telecom's GHG Emissions Data Preview

In 2024, Cellnex Telecom completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

Cellnex Telecom has also provided a category-level breakdown for 9 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)202420232022
2021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Limited Data Preview
You are viewing a limited preview of Cellnex Telecom’s GHG emissions dataset. The full dataset, available for download, includes Scope 1, 2, and 3 emissions with detailed category-level breakdowns, historical coverage back to 2020, and revenue-based intensity metrics for each scope.
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Verified Sources Behind Cellnex Telecom’s Greenhouse Gas (GHG) Emissions 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 data sources below and access millions more through our Disclosure Search.

a. Cellnex Telecom's Integrated Report 2024
a. Cellnex Telecom's Integrated Report 2024
b. Cellnex Telecom's Verification report 2022
b. Cellnex Telecom's Verification report 2022
c. Cellnex Telecom's CDP Climate sourced from company’s website 2023
c. Cellnex Telecom's CDP Climate sourced from company’s website 2023

Insights into Cellnex Telecom's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Cellnex Telecom amounted to 345,778.04 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a

Compared to 2023, the total operational greenhouse gas (GHG) emissions of Cellnex Telecom decreased by 1.57%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a

Cellnex Telecom's Scope 1 Emissions Over Time

2020202120222023202402 k4 k6 k8 ktCO2e-40%-11%+58%-2%
  • Total Scope 1
  • Year-over-Year Change

What are Cellnex Telecom's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Cellnex Telecom were 4,979.96 metric tons of CO₂ equivalent (tCO₂e).a

Has Cellnex Telecom reduced its Scope 1 emissions over time?

Since 2020, Cellnex Telecom's Scope 1 emissions have decreased by 17.39%, reflecting a declining long-term trend in Scope 1 emissions over time.a

Compared to the previous year (2023), Cellnex Telecom's Scope 1 emissions decreased by 2.12%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a

What are Cellnex Telecom's Scope 2 emissions?

In 2024, Cellnex Telecom reported Scope 2 greenhouse gas (GHG) emissions of 16,529.34 tCO₂e using the market-based method and 340,798.08 tCO₂e using the location-based method.a

Has Cellnex Telecom reduced its Scope 2 emissions over time?

Since 2020, Cellnex Telecom's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have remained relatively stable, indicating that Cellnex Telecom's emissions have plateaued with no significant change in its energy consumption footprint.a

Compared to the previous year (2023), Cellnex Telecom's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Cellnex Telecom's emissions have plateaued with no significant change in its energy consumption footprint.a

What methodology does Cellnex Telecom use for Scope 2 reporting?

In 2024, Cellnex Telecom reported its Scope 2 emissions using the market-based method and using the location-based method.a

Cellnex Telecom's Scope 2 Emissions Over Time

202020212022202320240150 k300 k450 k600 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Cellnex Telecom's Value Chain Emissions

In 2024, Cellnex Telecom reported 297,577.28 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a

The 2024 disclosure of Cellnex Telecom includes a breakdown across 8 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a

Cellnex Telecom's Scope 3 Emissions Over Time

202020212022202320240200 k400 k600 k800 ktCO2e-8%-16%-18%-28%
  • Total Scope 3
  • Year-over-Year Change

What are Cellnex Telecom's Scope 3 emissions?

In 2024, Cellnex Telecom reported total Scope 3 emissions of 297,577.28 metric tons of CO₂ equivalent (tCO₂e).a

Approximately 77.22% of these emissions originated from upstream activities such as purchased goods and capital goods, while 22.78% came from downstream activities like product use, distribution, and end-of-life treatment.a

Has Cellnex Telecom reduced its Scope 3 emissions over time?

Since 2020, Cellnex Telecom's Scope 3 emissions have decreased by 54.42%, reflecting a declining long-term trend in Scope 3 emissions over time.a

Compared to the previous year (2023), Cellnex Telecom's Scope 3 emissions decreased by 28.24%, highlighting the company's efforts to lower indirect emissions from its value chain.a

What categories of Scope 3 emissions does Cellnex Telecom disclose?

In 2024, Cellnex Telecom reported emissions for 8 out of the 15 Scope 3 categories defined by the GHG Protocol.a

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Cellnex Telecom's Scope 3 emissions?

In 2024, the largest contributors to Cellnex Telecom's Scope 3 emissions were:a

  • Upstream Leased Assets (Cat. 8): 99,031.48 tCO₂e (33.28%)
  • Downstream Leased Assets (Cat. 13): 67,628.73 tCO₂e (22.73%)
  • Fuel- and Energy-Related Services (Cat. 3): 44,239.24 tCO₂e (14.87%)

Cellnex Telecom's Scope 3 Emissions by Categories

Upstream LeasedAssets (Cat. 8)(33.3%)Downstream LeasedAssets (Cat. 13)(22.7%)Fuel- andEnergy-RelatedServices (Cat. 3)(14.9%)

Insights into Cellnex Telecom’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Cellnex Telecom reported Scope 1 greenhouse gas (GHG) emissions of 4,979.96 tCO₂e and total revenues of USD 4,235 millions. This translates into an emissions intensity of 1.18 tCO₂e per millions USD.a

Cellnex Telecom's Scope 1 Emissions Intensity Compared to Peers

5050010,000200,0005,000,000Scope 1 Emissions (tCO2e)202001,0005,00050,000Revenues (Millions of USD)BARVKPSDeutsche WohnenYear: 2021Scope 1: 94,194 tCO2eRevenue: $M 1,285Scope 1 Intensity: 73.33 tCO2e/$MPSP Swiss PropertyYear: 2024Scope 1: 5,753 tCO2eRevenue: $M 407Scope 1 Intensity: 14.15 tCO2e/$MInternational Workplace GroupYear: 2024Scope 1: 136,640 tCO2eRevenue: $M 2,743Scope 1 Intensity: 49.81 tCO2e/$MSumitomo Realty & DevelopmentYear: 2024Scope 1: 44,000 tCO2eRevenue: $M 6,390Scope 1 Intensity: 6.89 tCO2e/$MVonoviaYear: 2024Scope 1: 539,867 tCO2eRevenue: $M 6,180Scope 1 Intensity: 87.35 tCO2e/$MKe HoldingsYear: 2024Scope 1: 7,970 tCO2eRevenue: $M 13,948Scope 1 Intensity: 0.57 tCO2e/$MBBBig Shopping CentersYear: 2023Scope 1: 2,428 tCO2eRevenue: $M 648Scope 1 Intensity: 3.75 tCO2e/$MAAAltus GroupYear: 2024Scope 1: 476 tCO2eRevenue: $M 361Scope 1 Intensity: 1.32 tCO2e/$MEPIC SuisseYear: 2024Scope 1: 2,091 tCO2eRevenue: $M 73Scope 1 Intensity: 28.62 tCO2e/$MRRRenta Corporacion Real EstateYear: 2022Scope 1: 94 tCO2eRevenue: $M 57Scope 1 Intensity: 1.63 tCO2e/$MNomura Real Estate HoldingsYear: 2023Scope 1: 24,000 tCO2eRevenue: $M 4,915Scope 1 Intensity: 4.88 tCO2e/$MVVVaria US PropertiesYear: 2024Scope 1: 2,308 tCO2eRevenue: $M 86Scope 1 Intensity: 26.69 tCO2e/$MKKKwg Living Group HoldingsYear: 2024Scope 1: 1,625 tCO2eRevenue: $M 536Scope 1 Intensity: 3.03 tCO2e/$MPPPoly Property ServicesYear: 2024Scope 1: 7,532 tCO2eRevenue: $M 2,449Scope 1 Intensity: 3.08 tCO2e/$MSavillsYear: 2024Scope 1: 1,923 tCO2eRevenue: $M 3,017Scope 1 Intensity: 0.64 tCO2e/$MCoStar GroupYear: 2024Scope 1: 5,710 tCO2eRevenue: $M 2,736Scope 1 Intensity: 2.09 tCO2e/$MEvergrande Property Services GroupYear: 2024Scope 1: 1,199 tCO2eRevenue: $M 1,908Scope 1 Intensity: 0.63 tCO2e/$MMobimo HoldingYear: 2024Scope 1: 2,802 tCO2eRevenue: $M 273Scope 1 Intensity: 10.25 tCO2e/$MAditya Birla Real EstateYear: 2025Scope 1: 925,173 tCO2eRevenue: $M 141Scope 1 Intensity: 6,568.85 tCO2e/$MMultiplan Empreendimentos ImobiliariosYear: 2024Scope 1: 5,355 tCO2eRevenue: $M 412Scope 1 Intensity: 13.00 tCO2e/$MLEG ImmobilienYear: 2024Scope 1: 234,416 tCO2eRevenue: $M 1,356Scope 1 Intensity: 172.84 tCO2e/$MColliers International GroupYear: 2024Scope 1: 13,311 tCO2eRevenue: $M 6,664Scope 1 Intensity: 2.00 tCO2e/$MSSSCE Intelligent Commercial Management HoldingsYear: 2023Scope 1: 835 tCO2eRevenue: $M 192Scope 1 Intensity: 4.35 tCO2e/$MCellnex TelecomYear: 2024Scope 1: 4,980 tCO2eRevenue: $M 4,235Scope 1 Intensity: 1.18 tCO2e/$M

How does Cellnex Telecom's GHG emissions intensity compare to its peers?

In 2024, Cellnex Telecom reported a Scope 1 emissions intensity of 1.18 tCO₂e per millions USD. Compared to the peer group median of 4.88, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a

Where does Cellnex Telecom rank on GHG emissions intensity within its industry?

In 2024, Cellnex Telecom ranked 4 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a

This places Cellnex Telecom among the top performers, with one of the lowest emissions intensities relative to peers.a

Insights into Cellnex Telecom's Total Carbon Footprint

In 2024, Cellnex Telecom reported a total carbon footprint of 643,355.32 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 16.01% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a

The largest contributor to Cellnex Telecom's total carbon footprint was Scope 2 emissions, accounting for 52.97% of the company's total carbon footprint, followed by Scope 3 emissions at 46.25%.a

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