The Board of Directors of Cellnex Telecom, S.A. (“Cellnex Telecom”), is responsible for approving the Corporate Social Responsibility Policy (CSR) for the Cellnex Group.
In the performance of these duties, the Board of Directors approves this policy, and gathers the Company’s CRP strategy regarding the area of CRP and its commitment to the application of the best practices in the countries where the Cellnex Group operates and in line with the international reference standards.
1. Purpose and scope of application
This document establishes the basic guidelines and lines of action regarding the Cellnex Telecom’s Corporate Social Responsibility which allow the formalisation and implementation of the concept of CSR within the framework of the organisation, its communication thereof to stakeholders and the progressive systematisation in all systems and operational processes of the Cellnex Group.
1.2. Scope of application.
This policy mandatorily applies to all companies controlled by Cellnex Telecom (“Cellnex Group”).
Cellnex Group: Companies in which Cellnex Telecom, S.A. possesses or may possess, directly or indirectly, the control, where control means:
2. Basic principles
The policy defined herein constitutes the minimum requirements to be met by all companies that operate under the umbrella of Cellnex Group. The chief executive of each company of Cellnex Group must ensure that internal regulations are developed and/or adapted in line with this policy and with any applicable legal regulations.
The CSR Policy is applicable to all the organisation’s activities and in all countries in which it operates both, directly and indirectly. It covers the entire life cycle of the Cellnex Group’s activity and complements the Group’s companies commitment to comply with the requirements of the legal framework in each country.
In accordance with the definition of CRS contained in the European Corporate Social Responsibility Strategy, CSR is an organisation’s responsibility for the impact of any nature of its activity on society and on its environment.
This policy is implemented within the following international standards of reference, which it also undertakes and adopts as regulatory framework of the limits under which the activity of the company shall be carried out:
In line with these standards, in the specific management framework, Cellnex Telecom commits to comply with the SA8000 requirements, which applies to all Cellnex Group’s activity.
Similarly, in the setting of accountability, the standards of the Global Reporting Initiative (GRI), along with the technical equivalences to specific standards, constitute the Cellnex Group’s frame of reference, without prejudice to the inclusion of other complementary standards which may enhance the analysis and may be relevant for attaining the commitments outlined in this policy.
In accordance with these standards, Cellnex Telecom recognises two basic principles which apply transversally to all lines of action and commitments and upon which the implementation thereof is based:
This policy is developed and supplemented through the internal regulations on Corporate Governance.
3. Lines of action and commitments
The Cellnex Telecom´s CSR Policy is concretized, for its development and execution, in the CR Master Plan of the Cellnex Group. The current Master Plan, which covers the period 2016-2020 constitutes the working framework and tool for systematising the strategic objectives, the indicators linked to monitoring and the actions and programmes being developed for each of the areas of the Plan.
In this regard, the strategic areas which are contained in the CSR Master Plan, are the following:
The monitoring of the implementation of actions linked to attaining the strategic objectives of the CSR Master Plan, along with the regular updating of material aspects and with the participation of stakeholders, will have an impact on the progress of the priority contents in each of the strategic areas.
The capacity to have an impact in the application of the policy, will vary on the basis of the existing management capacity, as well as on the stakeholders involved in each of the material aspects.
Moreover, each Business Unit and Functional Area, in coordination with the Department of Corporate and Public Affairs of Cellnex Telecom, is responsible for implementing the corresponding actions for compliance with the commitments outlined in this policy, as well as the specific linked procedures and regulations.
4. Monitoring and control