REPORT ON THE CORPORATE SOCIAL RESPONSIBILITY POLICY
In its first report for the 2015 financial year, Cellnex Telecom already adopted the “IR International Framework” (Integrated Report) -based on the recommendations of the International Integrated Reporting Committee (IIRC)- as standard for its corporate reporting. In this sense the Cellnex Integrated Annual Report incorporates a reporting model that promotes a more cohesive and efficient approach to information on the different dimensions or “capitals” in which the company, as an economic and corporate organization, is expressed: financial, industrial, intellectual, human, social, relational and natural capital.
In its development, the Integrated Report provides the information and data necessary to enable the company’s stakeholders to gain knowledge and form a founded opinion about the organization and its external environment; Corporate Governance; the Business Model; Risks and Opportunities; Resource Allocation; Performance and Outlook.
The Integrated report also incorporates information on the annual progress in the effective deployment of the six pillars on which the Corporate Responsibility Master Plan 2016-2020 is founded and are included in the Cellnex Telecom CSR Policy, also drafted and approved by the Board of Directors. It also establishes the interrelationship of the various Contents with version G4 of the Global Reporting Initiative indicators.
All information concerning the implementation of Corporate Social Responsibility Policy is included in the relevant sections of the Integral Report, to which Cellnex refers in order to comply with Recommendation 6 of the Code of Good Governance.
However, Cellnex Telecom already had the necessary preparation to adapt its reporting mechanisms to the provisions of Directive 2014/95/EU of the European Parliament and of the Council on the disclosure of non-financial information and information concerning diversity, which establishes the obligation to report non-financial information in the management report for large companies of public interest. On 24 November 2017, Spanish Royal Decree Law 18/2017 was approved on non-financial information and diversity, transposing the directive to Spanish legal order.
Thus, the Integrated Annual Report for the year 2017 meets the provisions of the European Directive and the Royal Decree Law, integrating into a single, duly audited document, all data relating to the Management Report as well as non-financial information and information on diversity.