Crown Castle Releases 2024 Sustainability Report
"The primary driver behind our decision-making is creating long-term value for our stakeholders. A core tenet of our business model is to utilize our existing assets as many times as possible to generate the highest returns on our investments. Our focus on maximizing the value of already-existing assets also leads to reduced costs for our customers and reduced impact on the environment and the communities in which we operate," stated
CROWN CASTLE SUSTAINABILITY HIGHLIGHTS
Crown Castle's commitment to fostering a safe working environment has resulted in a 2024 Total Recordable Incident Rate ("TRIR") that is 5 times lower than the US average, continuing its long-term trend of a TRIR well below both US and industry averages.- As part of Crown Castle’s ongoing efforts to assess and manage climate-related risks, a third-party climate scenario analysis—aligned with the
Task Force on Climate-Related Financial Disclosures (“TCFD”) framework—concluded that its tower portfolio is resilient to physical climate risks under four emissions scenarios, with financial impacts estimated to be minor. Crown Castle is over three-quarters of the way to achieving its goal of becoming carbon neutral in Scope 1 and 2 emissions for 2025. By the end of 2024,Crown Castle had sourced 93% of its annual electricity consumption under multiyear renewable energy contracts and converted lighting systems on approximately 63% of its lit towers to energy-efficient LED lighting.- To further enhance its governance practices over the past year,
Crown Castle implemented stockholder rights to call special meetings, adopted simple majority voting for charter and bylaw amendments, and prohibited stock pledging by directors and executives.
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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) our sustainability goals and initiatives, progress made with respect thereto and plans and efforts related thereto, (2) value-creation drivers, and (3) the resiliency of its portfolio of assets. 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
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Source: Crown Castle Inc.
