Tenaris

Tenaris's reported carbon emissions

Tenaris, headquartered in Luxembourg and operating in the secondary steel treatment and re-processing industry, reported a total of approximately 6.9 billion kg CO2e in emissions for 2025. This figure encompasses Scope 1, 2, and 3 emissions. In 2024, the company's total emissions were approximately 7.4 billion kg CO2e, and in 2023, they stood at approximately 7.9 billion kg CO2e. Scope 1 emissions in 2025 were approximately 1.9 billion kg CO2e, with Scope 2 emissions at approximately 800 million kg CO2e (market-based). Scope 3 emissions for 2025 were significant, with purchased goods and services contributing an estimated 2.8 billion kg CO2e, and downstream transportation and distribution accounting for approximately 600 million kg CO2e. Fuel and energy-related activities contributed about 400 million kg CO2e, and upstream transportation and distribution amounted to approximately 300 million kg CO2e. Tenaris has established several climate commitments. The company aims for carbon neutrality by 2050, with near-term targets including a 30% reduction in Scope 1 and Scope 2 emissions intensity by 2030 from a 2020 baseline. They are also working towards a 30% reduction in the CO2-eq intensity of their operations by 2030, compared to 2018 levels, encompassing Scope 1, 2, and specific Scope 3 categories (raw materials and intermill transportation). The company is investing in renewable energy to reduce Scope 2 emissions intensity. Specific intensity reduction targets include an 8% reduction in CO2 intensity at steelmaking sites by 2024 compared to 2016 levels.