Crown Castle Releases 2021 ESG Report
July 20 2022 - 3:20PM
Crown Castle International Corp. (NYSE: CCI) ("Crown Castle" or the
"Company") announced today the release of its 2021 Environmental,
Social and Governance (ESG) Report and launch of its ESG website,
furthering its approach of providing timely and accessible ESG
disclosures.
"For over 25 years, Crown Castle has met the
increased need for connectivity through its shared communications
infrastructure model, which is inherently sustainable. We build
once and use our infrastructure for multiple customers," stated Jay
Brown, Crown Castle's Chief Executive Officer. "As 5G drives demand
in the US across our assets – towers, small cells and fiber – we're
taking important steps to make progress on our previously
established ESG goals. We are also focused on improving our ESG
disclosure, increasing transparency and continuing to build an
inclusive and diverse community that creates long-term, sustainable
benefits to our teammates, stakeholders and all who interact with
Crown Castle."
Crown Castle ESG
highlights:
- In 2021, Crown Castle established a
goal to be carbon neutral in Scope 1 and Scope 2 emissions by 2025
and entered into a multi-year contract to source renewable energy,
which for 2022 represents over 60% of Crown Castle’s estimated
annual electricity consumption.
- As part of Crown Castle's efforts
to reduce energy consumption, the Company has converted more than
50% of its lit towers to energy efficient LED lighting.
- In line with Crown Castle's focus
on providing profitable solutions to connect communities and
people, the Company has invested an aggregate of approximately $10
billion of capital in communication infrastructure in low-income
areas.
- Crown Castle established a goal in
2021 to increase spending with diverse suppliers to 16% by 2026,
which represented the top quartile in US diversity spend among more
than 100 large companies.1 In 2021, 10% of the Company's
addressable spend was with diverse suppliers.
- Following the execution of Crown
Castle's board refreshment strategy, 60% of its board of directors
is comprised of women and/or persons of color, with a diverse
balance of applicable skills, background and expertise.
The 2021 ESG Report, and many of the ESG
disclosures and policies included in prior ESG reports, can now be
found on the ESG website at www.crowncastle.com/esg.
ABOUT CROWN CASTLE
Crown Castle owns, operates and leases more than
40,000 cell towers and approximately 85,000 route miles of fiber
supporting small cells and fiber solutions across every major U.S.
market. This nationwide portfolio of communications infrastructure
connects cities and communities to essential data, technology and
wireless service – bringing information, ideas and innovations to
the people and businesses that need them. For more information on
Crown Castle, please visit www.crowncastle.com.
CAUTIONARY LANGUAGE REGARDING
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking
statements that are based on management's current expectations.
Such statements include plans, commitments, projections, estimates
and expectations regarding (1) 5G deployment and the demand for our
assets created thereby, (2) our ESG goals, progress made with
respect thereto and plans related thereto, (3) an inclusive and
diverse community and the benefits derived therefrom, and
(4) electricity consumption and consumption reduction plans
and investments. Such forward-looking statements are subject to
certain risks, uncertainties and assumptions, including prevailing
market conditions. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove
incorrect, actual results may vary materially from those expected.
More information about potential risks that could affect Crown
Castle and its results is included in Crown Castle's filings with
the Securities and Exchange Commission. The term "including," and
any variation thereof, means "including, without limitation."
1. Source: The Hackett Group, 2021 Supplier
Diversity Study.
CONTACTSDan Schlanger, CFOBen Lowe, SVP &
TreasurerCrown Castle International Corp.713-570-3050
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