Tenaris, a leading global manufacturer in the secondary steel industry, is headquartered in Luxembourg (LU). Founded in 2002, the company has established itself as a key player in the re-processing of secondary steel into new steel products, serving various sectors including energy and construction. With operations spanning across Europe, the Americas, and Asia, Tenaris is renowned for its innovative approach to steel treatment and recycling.
The company offers a diverse range of core products, including seamless steel pipes and tubular solutions, distinguished by their high quality and sustainability. Tenaris's commitment to environmental responsibility and advanced technology positions it as a market leader, recognised for its significant contributions to the circular economy. With a strong focus on research and development, Tenaris continues to achieve notable milestones, reinforcing its status as a trusted partner in the global steel industry.
+60 vs industry average
Tenaris’s score of 90 is higher than 95% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Steel Reprocessing has below-average carbon intensity
Industry performance
The Steel Reprocessing industry has reduced its overall emissions by 38% since 2018
Emissions trajectory 2020 – 2028
Reported emissions
Scope 3 accounts for ••• of total emissions.
Tenaris's reported carbon emissions
Tenaris, a company in the secondary steel for treatment and re-processing industry, headquartered in Luxembourg (LU), has reported its carbon emissions for several years, aiming for decarbonisation.
For the reporting year 2025, Tenaris reported total emissions of approximately 6.9 billion kg CO2e. This includes Scope 1 emissions of about 1.9 billion kg CO2e, and Scope 2 emissions of approximately 0.8 billion kg CO2e (market-based). Scope 3 emissions accounted for a significant portion, with purchased goods and services totalling around 2.8 billion kg CO2e, fuel and energy-related activities at 400 million kg CO2e, upstream transportation and distribution at 300 million kg CO2e, and downstream transportation and distribution at 600 million kg CO2e.
In 2024, total emissions were approximately 7.4 billion kg CO2e, with Scope 1 at 2 billion kg CO2e and Scope 2 (market-based) at 0.9 billion kg CO2e. Scope 3 emissions for 2024 included 3.2 billion kg CO2e for purchased goods and services, 400 million kg CO2e for fuel and energy-related activities, 300 million kg CO2e for upstream transportation and distribution, and 600 million kg CO2e for downstream transportation and distribution.
For 2023, total emissions were around 7.9 billion kg CO2e, with Scope 1 at 2.1 billion kg CO2e and Scope 2 (market-based) at 1 billion kg CO2e. Scope 3 emissions included 3.6 billion kg CO2e for purchased goods and services, 400 million kg CO2e for fuel and energy-related activities, 100 million kg CO2e for upstream transportation and distribution, and 600 million kg CO2e for downstream transportation and distribution.
Tenaris has established several climate commitments and reduction targets. The company aims to achieve carbon neutrality by 2050, with this long-term objective supported by medium-term targets. Specifically, Tenaris intends to reduce its Scope 1 and Scope 2 emissions intensity by 30% by 2030, using 2018 as a baseline. This target also considers Scope 3 emissions related to raw materials and intermill transportation. The company is also investing in renewable energy to reduce Scope 2 emissions intensity and has a target to reduce CO2 intensity by 8% in steelmaking sites by 2024 compared to 2016 levels. Some reports indicate a target of reducing CO2 emissions intensity by 7% by 2020 compared to 2017 for both Scope 1 and Scope 2 emissions. Tenaris is also working towards decarbonising its operations, with efforts including reducing the carbon intensity of its tubular operations.
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Tenaris’s Climate Goals (2030 & 2050)
14 goals2050
We aim to achieve carbon neutrality by 2050
We aim to achieve carbon neutrality by 2050.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 14 climate goals
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Scope 3 top emissions categories
4 of 15 categories disclosedSee all scope 3 categories
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Emissions comparison with industry peers
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Tenaris
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