Crown Castle Inc. (NYSE: CCI) has just released its 2023 Environmental, Social, and Governance (ESG) report, showcasing a number of significant achievements. One notable highlight is the company's commitment to fostering a safe working environment, leading to a 2023 total recordable incident rate (TRIR) that is 8 times lower than the US average, continuing its long-term trend of maintaining 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.
The company is also making strides in environmental sustainability, as it 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.
Furthermore, the company increased its diverse supplier spend to 12.6% in 2023, up from 10.1% in 2022, reflecting a significant improvement in its efforts to support diverse suppliers. This increase in spending with diverse suppliers includes proactively increasing business with existing diverse suppliers, identifying and assisting diverse suppliers with obtaining certification, and enhancing tools and resources for its decision-makers.
Crown Castle Inc. 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. Today the company's shares have moved 0.6% to a price of $111.02. For the full picture, make sure to review Crown Castle's 8-K report.
