MASHINIi

American Tower Corp.

AMT.US | Real estate activities with own or leased property

American Tower Corporation is a leading independent owner, operator, and developer of multitenant communications real estate. The company's primary business involves leasing antenna space on its towers to wireless service providers, government entities, and other communications companies. American T...Show More

Ethical Profile

Mixed.

American Tower Corp faces scrutiny over labor practices, with the NLRB filing a September 2023 case alleging unfair practices, including employee discharge. Critics also point to concerns regarding 5G towers allegedly placed on Indigenous land without tribal consent. The company's board opposed a 2024 shareholder proposal for reporting on pay gaps. Conversely, American Tower's Digital Communities program has established over 660 sites across 15 countries, serving over 900,000 people with digital access and basic healthcare. The company increased on-site renewable energy generation by 40% in 2023, reaching 120 MW and producing over 100 GWh annually. Since 2000, it has incurred $546,710 in penalties, primarily for employment and environmental offenses.

Value Scores

Better Health for All0
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect0
-100100
Fair Trade & Ethical Sourcing0
-100100
Honest & Fair Business-40
-100100
Kind to Animals0
-100100
No War, No Weapons-20
-100100
Planet-Friendly Business-50
-100100
Respect for Cultures & Communities0
-100100
Safe & Smart Tech10
-100100
Zero Waste & Sustainable Products20
-100100

Better Health for All

0

American Tower's primary business of leasing antenna space has no significant direct positive or negative health impact. The company generates no revenue from products with direct health harms, nor does it offer health-related products requiring price accessibility. Its products do not carry health risks requiring disclosure, and its operations do not generate significant health externalities. The company is not involved in pharmaceutical, food, or clinical trial industries, nor does it produce products with addiction potential. While American Tower operates a Digital Communities program that provides access to healthcare services and digital health solutions in underserved communities, serving over 900,000 people as of September 2024

1
, specific quantitative data required for other health-related KPIs, such as the percentage of vulnerable populations reached or program funding as a share of revenue, is not available. Information on healthcare data responsibility, workforce support, preventative measures, global health crisis response, mental health initiatives for the public, or health education is also not provided or not applicable to the company's public-facing health efforts. Employee-focused health benefits are not considered under this value.

Fair Money & Economic Opportunity

0

American Tower Corporation's core business is leasing communications real estate, not providing financial services to consumers. Consequently, KPIs related to consumer lending, deposit services, APRs, fees, loan books, customer financial data, debt burden, and product simplicity are not applicable and score 0, as explicitly defined in the rubric. The company operates a Digital Communities program that provides digital literacy, financial literacy, and career skilling to underserved communities. This program aims to impact two million people by 2030

1
and had served over one million people by June 2025
2
across more than 15 countries.
3
In 2022, American Tower distributed over $3.5 million to support digital connectivity in these communities.
4
However, specific quantitative data, such as the percentage of annual pre-tax profit reinvested, the percentage reach of financial literacy programs among customers, or the percentage of relevant service points in underserved areas, is not provided in the articles. Therefore, the KPIs for profit reinvestment, financial literacy initiatives, and geographic inclusion are omitted due to a lack of the precise quantitative evidence required to assign a score beyond the 'not applicable' or 'no direct impact' thresholds.

Fair Pay & Worker Respect

0

American Tower Corporation's employee engagement survey in 2023 reported an 85% engagement score

1
, with 88% favorability in leadership
2
and 90% in teamwork
3
. The company's CEO pay ratio in 2024 was 157:1.
4
In September 2023, the National Labor Relations Board filed a case against American Tower Corporation, alleging unfair labor practices, including the discharge of employees
5
.

Fair Trade & Ethical Sourcing

0

No KPIs could be scored for Fair Trade & Ethical Sourcing due to a lack of specific, quantitative evidence in the provided articles. For 'fair_trade_cert_share' and 'materials_risk_index', no data on certified spend or high-risk materials was found. For 'audit_frequency', while vendor audits are conducted, no specific average frequency (e.g., annually, biannually) was provided. For 'forced_child_labour_incidents', a slave labor case was reported in 2014 involving a company later acquired by American Tower, but this incident falls outside the 'last 3 years' scope and predates American Tower's ownership.

1
For 'traceability_coverage' and 'remediation_speed', no specific percentages for traceable suppliers or median days for corrective action closure were available. For 'ethical_clause_coverage', while all vendors are required to comply with an enforceable Code of Conduct, the evidence does not explicitly state the type of enforcement (e.g., automated, on-chain) required by the 100% tiers in the rubric, and thus no exact match could be made.
2
For 'supplier_diversity_spend', an absolute dollar amount ($100 million in 2022) was reported for diverse spending, but not as a percentage of the total procurement budget, and a 2023 goal of 18% is a forward-looking statement, not an achievement.
3

Honest & Fair Business

-40

American Tower has a comprehensive Code of Ethics and Business Conduct Policy applicable to all employees and Board members

1
, reinforced through annual reviews and certifications
2
. The company also maintains a Vendor Code of Conduct
3
and implements a zero-tolerance policy for bribery and corruption
4
. In May 2022, it joined the United Nations Global Compact
5
, committing to anti-corruption principles
6
. Employees are encouraged to report potential violations via an anonymous third-party hotline
7
; however, there is no evidence regarding independent investigation processes for these reports.

Kind to Animals

0

As a service-oriented company focused on communications real estate, American Tower Corporation's core operations do not involve animal-derived products, animal testing, animal agriculture, or related supply chains. Consequently, most animal welfare KPIs are not applicable. The company does engage in wildlife and habitat conservation initiatives. These include protecting nearly 5,000 bird nests worldwide, with over 4,000 protected in 2022.

1
Through its Million Trees Initiative, 400,000 trees have been planted since 2018, with over 260,000 planted by 2022.
2
In 2022, 10 beehives were successfully relocated in Ghana, and over 14,000 environmental assessments were completed.
3

No War, No Weapons

-20

American Tower Corporation has contracts with the DEA Intelligence Division ($148,400 in 2020)

1
and DEA Operations Division ($3,800 in 2022)
2
, as well as the Department of the Army ($387,500 in 2019)
3
for leasing tower space. While these contracts are publicly available via third-party reporting, there is no evidence that the company itself provides public disclosures or transparency measures regarding its involvement in these intelligence or surveillance contracts. The company states it does not directly engage in arms manufacturing or military operations
4
, indicating no exposure to controversial weapons and no defense assets requiring divestment. No total revenue figures are available to calculate the percentage of revenue from defense contracts.

Planet-Friendly Business

-50

American Tower's total Scope 1, 2, and 3 greenhouse gas emissions for 2024 were 2,386,891 tCO2e

1
, representing a 1.35% decrease compared to 2023
2
. The company adopted science-based targets (SBTs) across its global operations and supply chain in October 2021
3
, which were approved by the Science Based Targets initiative and align with the 2015 Paris Agreement
4
. These targets include a 60% reduction in Scope 1 fossil fuel consumption and diesel-related GHG emissions in Africa and India by 2027
5
, and a 40% absolute reduction in Scope 1, 2, and 3 GHG emissions by 2035
6
. The company has a Task Force on Climate-related Financial Disclosures (TCFD) Index
7
, but the available information does not specify the degree of alignment or the inclusion of climate scenario analysis within its TCFD disclosures.

Respect for Cultures & Communities

0

American Tower's Digital Communities program has launched over 660 digitally connected spaces globally, benefiting more than 900,000 people globally

1
by enhancing digital literacy, education, financial literacy, career skills, and healthcare services in underserved communities
2
. In July 2023, the company partnered with United South End Settlements to establish the first U.S.-based Digital Community at Camp Hale
3
. American Tower conducts over 14,000 environmental assessments
4
and hosts over 2,000 community engagements, including meetings and questionnaires, to address concerns before site construction
5
. The company has a Global Human Rights Statement committing to respecting human rights
6
and a Diversity, Equity, and Inclusion strategy that includes community-benefiting partnerships
7
. The company's VP of Communications stated they were not aware of situations proceeding without Tribal Historic Preservation Office consent regarding 5G towers on Indigenous land
8
.

Safe & Smart Tech

10

American Tower Corporation has no reported data breaches or cybersecurity incidents as of October 2023.

1
The company holds key security certifications, including ISO/IEC 27001 and SOC 2 Type 2.
2
American Tower adheres to the United Nations Global Compact principles, demonstrating alignment with ethical technology standards.
3
The company's business model does not involve direct handling of end-user data or development of AI technologies, which limits its direct involvement in certain data privacy and AI ethics issues.
4

Zero Waste & Sustainable Products

20

American Tower Corporation achieved a 98% waste recovery rate from over 400 tons of waste handled through digitized management at 11,000 centers in Spain.

1
The company's shared infrastructure model allows multiple customers to use a single tower, reducing the need for redundant infrastructure, which decreases land use and resource consumption.
2

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AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.