Tenaris
Tenaris S.A., a leading global manufacturer of steel pipes, is headquartered in Luxembourg (LU) and operates extensively across key regions including North America, South America, Europe, and Asia. Founded in 2002, Tenaris has rapidly established itself in the energy sector, particularly in oil and gas, by providing high-quality tubular products and services. The company’s core offerings include seamless and welded steel pipes, which are renowned for their durability and performance in demanding environments. Tenaris is distinguished by its commitment to innovation and sustainability, ensuring that its products meet the evolving needs of the industry. With a strong market position, Tenaris has achieved notable milestones, including strategic acquisitions and investments in advanced manufacturing technologies, solidifying its reputation as a trusted partner in the global energy supply chain.
DitchCarbon Score
How does Tenaris's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Furniture Manufacturing industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Tenaris's score of 77 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Tenaris's reported carbon emissions
In 2024, Tenaris reported total carbon emissions of approximately 7,400,000 kg CO2e, with Scope 1 emissions at about 2,000,000 kg CO2e, Scope 2 emissions at approximately 900,000 kg CO2e (market-based), and Scope 3 emissions reaching about 3,200,000 kg CO2e. This represents a slight decrease from 2023, where total emissions were about 7,900,000 kg CO2e. Tenaris has set ambitious climate commitments, aiming for a 30% reduction in Scope 1 and Scope 2 emissions by 2030 from a 2020 baseline. Additionally, the company is investing in renewable energy to reduce Scope 2 emissions intensity by 2030. Long-term, Tenaris aims for carbon neutrality by 2050 across all scopes, marking a significant commitment to sustainability in the steel industry. The company has also targeted an 8% reduction in CO2 intensity at its steelmaking sites by 2024 compared to 2016 levels. These initiatives reflect Tenaris's proactive approach to addressing climate change and reducing its carbon footprint.
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| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 1,710,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000 | 0,000 | 0,000 |
| Scope 2 | 1,080,000,000 | 000,000,000 | 000,000,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 0,000 | 0,000 | 000 |
| Scope 3 | 900,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 000 | 000 | 0,000 | 0,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Tenaris is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
