Tenaris

Tenaris, headquartered in Luxembourg and operating in the secondary steel processing industry, has reported substantial carbon emissions across its global operations. For the reporting year 2025, the company's total emissions were approximately 6.9 billion kg CO2e. This figure comprises about 1.9 billion kg CO2e from Scope 1 (direct emissions), and approximately 800 million kg CO2e from Scope 2 (indirect emissions from purchased electricity, steam, heating and cooling). Scope 3 emissions, covering upstream and downstream activities, accounted for the largest portion, with purchased goods and services contributing about 2.8 billion kg CO2e, and downstream transportation and distribution adding approximately 600 million kg CO2e.

In 2024, Tenaris's total emissions stood at around 7.4 billion kg CO2e. Scope 1 emissions were approximately 2 billion kg CO2e, while Scope 2 emissions were about 900 million kg CO2e. Scope 3 emissions in 2024 were substantial, with purchased goods and services totalling approximately 3.2 billion kg CO2e.

Looking back, total emissions in 2023 were approximately 7.9 billion kg CO2e, with Scope 1 at about 2.1 billion kg CO2e and Scope 2 at approximately 1 billion kg CO2e. Scope 3 emissions, including purchased goods and services, were around 3.6 billion kg CO2e.

Tenaris has established climate commitments aimed at reducing its environmental impact. The company has a long-term objective of achieving carbon neutrality by 2050. More immediate targets include a 30% reduction in Scope 1 emissions by 2030 from a 2020 baseline, and a similar 30% reduction in Scope 2 emissions by 2030, also from a 2020 baseline. Furthermore, Tenaris aims for a 30% reduction in the CO2-eq intensity of its operations by 2030, compared to 2018 levels, encompassing Scopes 1 and 2, as well as specific Scope 3 categories related to raw materials and inter-plant transportation. The company is actively investing in renewable energy to reduce its Scope 2 emissions intensity.