Crown Castle Releases 2023 ESG Report
14 August 2024 - 3:00PM
Crown Castle Inc. (NYSE: CCI) ("Crown Castle" or the
"Company") announced today the release of its 2023 Environmental,
Social and Governance ("ESG") Report and updates to its ESG
website, which can be found at www.crowncastle.com/esg.
"Crown Castle’s business model is providing shared assets for
multiple users to bring communications connectivity to the many
people, communities and businesses across the U.S. Our tower sites
and fiber-fed locations deliver both sound economics and a
sustainable means of meeting the growing demand for digital
technology and broadband data usage,” stated Steven Moskowitz,
Crown Castle's Chief Executive Officer. "We have made terrific
progress in advancing our environmental, sustainability and
governance initiatives, reinforcing our commitment to responsible
business practices that we believe support the best interests of
communities we serve and drive long-term value creation for our
stakeholders.”
Crown Castle ESG highlights:
- Crown Castle's
commitment to fostering a safe working environment has resulted in
a 2023 Total Recordable Incident Rate ("TRIR") that is 8 times
lower than the US average, continuing its long-term trend of a TRIR
well below both US and industry averages.
- In 2023, Crown
Castle conducted nearly 76,000 site inspections and, over the
three-year period ended December 31, 2023, performed nearly 92,000
structural engineering assessments on over 80% of its more than
40,000 towers, contributing to the resiliency of its
portfolio.
- Crown
Castle is nearly three-quarters of the way to achieving its goal of
becoming carbon neutral in Scope 1 and 2 emissions by 2025. By the
end of 2023, Crown Castle had sourced 92% of its annual electricity
consumption under multi-year renewable energy contracts and
converted lighting systems on approximately 61% of its lit towers
to energy-efficient LED lighting.
- Crown
Castle increased its diverse supplier spend to 12.6% in 2023, up
from 10.1% in 2022. The Company's efforts to increase spending with
diverse suppliers include proactively increasing business with
existing diverse suppliers, identifying and assisting diverse
suppliers with obtaining certification, and enhancing tools and
resources for its decision-makers.
ABOUT CROWN CASTLECrown Castle owns,
operates and leases more than 40,000 cell towers and approximately
90,000 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
STATEMENTSThis 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 ESG 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 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."
CONTACTSDan Schlanger, CFOKris Hinson, VP Corporate Finance
& TreasurerCrown Castle Inc.713-570-3050
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