Cellnex Telecom SA

Common Name
Cellnex Telecom
Country
Spain
Sector
Real Estate
Industry
Real Estate Services
Employees
2,612
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 2023, 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)2023202220212020 - 2017
Total Scope 1
Copy restricted. Please purchase to unlock this data.
a
Copy restricted. Please purchase to unlock this data.
b
Copy restricted. Please purchase to unlock this data.
c
0000000
Total Scope 2
Market-Based
Copy restricted. Please purchase to unlock this data.
a
Copy restricted. Please purchase to unlock this data.
b
Copy restricted. Please purchase to unlock this data.
d
0000000
Location-Based
Copy restricted. Please purchase to unlock this data.
Copy restricted. Please purchase to unlock this data.
b
Copy restricted. Please purchase to unlock this data.
d
0000000
Total Scope 3
Copy restricted. Please purchase to unlock this data.
a
Copy restricted. Please purchase to unlock this data.
b
Copy restricted. Please purchase to unlock this data.
c
0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
Copy restricted. Please purchase to unlock this data.
a
Copy restricted. Please purchase to unlock this data.
b
Copy restricted. Please purchase to unlock this data.
c
0000000
Download Data

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 2023
a. Cellnex Telecom's Integrated Report 2023
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
d. Cellnex Telecom's CDP Climate sourced from company’s website 2022
d. Cellnex Telecom's CDP Climate sourced from company’s website 2022

Insights into Cellnex Telecom's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Cellnex Telecom amounted to 39,814 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 2022, the total operational greenhouse gas (GHG) emissions of Cellnex Telecom decreased by 88.41%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a b

Cellnex Telecom's Scope 1 Emissions Over Time

202020212022202301 k2 k3 k4 ktCO2e-8%-11%-6%
  • Total Scope 1
  • Year-over-Year Change

What are Cellnex Telecom's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Cellnex Telecom were 3,016 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 23.46%, reflecting a declining long-term trend in Scope 1 emissions over time. a c

Compared to the previous year (2022), Cellnex Telecom's Scope 1 emissions decreased by 6.09%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a b

What are Cellnex Telecom's Scope 2 emissions?

In 2023, Cellnex Telecom reported Scope 2 greenhouse gas (GHG) emissions of 36,798 tCO₂e using the market-based method. a

What methodology does Cellnex Telecom use for Scope 2 reporting?

In 2023, Cellnex Telecom reported its Scope 2 emissions using the market-based method. a

Cellnex Telecom's Scope 2 Emissions Over Time

20202021202220230150 k300 k450 k600 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Cellnex Telecom's Value Chain Emissions

In 2023, Cellnex Telecom reported 479,990 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 2023 disclosure of Cellnex Telecom includes a breakdown across 7 of the 15 Scope 3 categories defined by the GHG Protocol, down from 9 in 2022, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions. a

Cellnex Telecom's Scope 3 Emissions Over Time

20202021202220230200 k400 k600 k800 ktCO2e-15%-16%-5%
  • Total Scope 3
  • Year-over-Year Change

What are Cellnex Telecom's Scope 3 emissions?

In 2023, Cellnex Telecom reported total Scope 3 emissions of 479,990 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 49.22% of these emissions originated from upstream activities such as purchased goods and capital goods, while 50.78% 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 32.03%, reflecting a declining long-term trend in Scope 3 emissions over time. a

Compared to the previous year (2022), Cellnex Telecom's Scope 3 emissions remained relatively stable, indicating that Cellnex Telecom 's emissions have plateaued with no significant change in its value chain footprint. a b

What categories of Scope 3 emissions does Cellnex Telecom disclose?

In 2023, Cellnex Telecom reported emissions for 7 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 2023, the largest contributors to Cellnex Telecom's Scope 3 emissions were: a

  • Downstream Leased Assets (Cat. 13): 243,721 tCO₂e (50.78%)
  • Upstream Leased Assets (Cat. 8): 111,119 tCO₂e (23.15%)
  • Fuel- and Energy-Related Services (Cat. 3): 51,393 tCO₂e (10.71%)

Cellnex Telecom's Scope 3 Emissions by Categories

Upstream LeasedAssets (Cat. 8)(23.2%)Fuel- andEnergy-RelatedServices (Cat. 3)(10.7%)Downstream LeasedAssets (Cat. 13)(50.8%)

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

In 2023, Cellnex Telecom reported Scope 1 greenhouse gas (GHG) emissions of 3,016 tCO₂e and total revenues of USD 4,211 millions. This translates into an emissions intensity of 0.72 tCO₂e per millions USD. a

Cellnex Telecom's Scope 1 Emissions Intensity Compared to Peers

501,00010,000200,0002,000,000Scope 1 Emissions (tCO2e)202001,0005,00050,000Revenues (Millions of USD)BKPDeutsche 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: 2022Scope 1: 44,000 tCO2eRevenue: $M 7,699Scope 1 Intensity: 5.72 tCO2e/$MOnewoYear: 2024Scope 1: 212 tCO2eRevenue: $M 5,419Scope 1 Intensity: 0.04 tCO2e/$MVonoviaYear: 2024Scope 1: 539,867 tCO2eRevenue: $M 6,180Scope 1 Intensity: 87.35 tCO2e/$MAllreal HoldingYear: 2024Scope 1: 4,000 tCO2eRevenue: $M 464Scope 1 Intensity: 8.62 tCO2e/$MAroundtownYear: 2024Scope 1: 12,962 tCO2eRevenue: $M 1,229Scope 1 Intensity: 10.55 tCO2e/$MWharf Real Estate InvestmentYear: 2024Scope 1: 8,888 tCO2eRevenue: $M 1,663Scope 1 Intensity: 5.35 tCO2e/$MBinjiang Service GroupYear: 2023Scope 1: 443 tCO2eRevenue: $M 432Scope 1 Intensity: 1.03 tCO2e/$MKe HoldingsYear: 2024Scope 1: 7,970 tCO2eRevenue: $M 13,948Scope 1 Intensity: 0.57 tCO2e/$MBBBig Shopping CentersYear: 2023Scope 1: 2,428 tCO2eRevenue: $M 648Scope 1 Intensity: 3.75 tCO2e/$MEPIC SuisseYear: 2024Scope 1: 2,091 tCO2eRevenue: $M 73Scope 1 Intensity: 28.62 tCO2e/$MNomura Real Estate HoldingsYear: 2023Scope 1: 24,000 tCO2eRevenue: $M 4,915Scope 1 Intensity: 4.88 tCO2e/$MKKKwg Living Group HoldingsYear: 2024Scope 1: 1,625 tCO2eRevenue: $M 536Scope 1 Intensity: 3.03 tCO2e/$MPPPoly Property ServicesYear: 2023Scope 1: 4,641 tCO2eRevenue: $M 2,318Scope 1 Intensity: 2.00 tCO2e/$MSavillsYear: 2023Scope 1: 1,907 tCO2eRevenue: $M 2,850Scope 1 Intensity: 0.67 tCO2e/$MCoStar GroupYear: 2024Scope 1: 5,710 tCO2eRevenue: $M 2,736Scope 1 Intensity: 2.09 tCO2e/$MEvergrande Property Services GroupYear: 2023Scope 1: 8,585 tCO2eRevenue: $M 1,918Scope 1 Intensity: 4.48 tCO2e/$MMobimo HoldingYear: 2024Scope 1: 2,802 tCO2eRevenue: $M 273Scope 1 Intensity: 10.25 tCO2e/$MMultiplan Empreendimentos ImobiliariosYear: 2023Scope 1: 3,749 tCO2eRevenue: $M 418Scope 1 Intensity: 8.96 tCO2e/$MLEG ImmobilienYear: 2024Scope 1: 234,416 tCO2eRevenue: $M 1,356Scope 1 Intensity: 172.84 tCO2e/$MColliers International GroupYear: 2024Scope 1: 13,311 tCO2eRevenue: $M 6,664Scope 1 Intensity: 2.00 tCO2e/$MCellnex TelecomYear: 2023Scope 1: 3,016 tCO2eRevenue: $M 4,211Scope 1 Intensity: 0.72 tCO2e/$M

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

In 2023, Cellnex Telecom reported a Scope 1 emissions intensity of 0.72 tCO₂e per millions USD. Compared to the peer group median of 5.35 , 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 2023, 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 2023, Cellnex Telecom reported a total carbon footprint of 519,804 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 38.84% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output. a b

The largest contributor to Cellnex Telecom's total carbon footprint was Scope 3 emissions, accounting for 92.34% of the company's total carbon footprint, followed by Scope 2 emissions at 7.08%. a

Want Full Access to Cellnex Telecom's GHG Emissions Dataset?
Sign Up