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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.
+64 vs industry average
Tenaris’s score of 93 is higher than 96% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Steel Reprocessing has below-average carbon intensity
The Steel Reprocessing industry has reduced its overall emissions by 38% since 2018
Scope 3 accounts for ••• of total emissions.
Tenaris, a secondary steel treatment and reprocessing company based in Luxembourg, reported total carbon emissions of approximately 6.9 billion kg CO2e in 2025. This includes 1.9 billion kg CO2e from Scope 1 emissions, 800 million kg CO2e from market-based Scope 2 emissions, and Scope 3 emissions totalling about 4.1 billion kg CO2e. The Scope 3 breakdown shows 2.8 billion kg CO2e from purchased goods and services, 400 million kg CO2e from fuel and energy-related activities, 300 million kg CO2e from upstream transportation and distribution, and 600 million kg CO2e from downstream transportation and distribution.
In 2024, Tenaris's total emissions were approximately 7.4 billion kg CO2e, comprising 2.0 billion kg CO2e from Scope 1, 900 million kg CO2e from market-based Scope 2, and 4.5 billion kg CO2e from Scope 3. The Scope 3 categories included 3.2 billion kg CO2e from purchased goods and services, 400 million kg CO2e from fuel and energy-related activities, 300 million kg CO2e from upstream transportation and distribution, and 600 million kg CO2e from downstream transportation and distribution.
Looking back to 2023, total emissions were about 7.9 billion kg CO2e, with Scope 1 at 2.1 billion kg CO2e, market-based Scope 2 at 1.0 billion kg CO2e, and Scope 3 at 4.7 billion kg CO2e. Key Scope 3 contributions were 3.6 billion kg CO2e from purchased goods and services, 400 million kg CO2e from fuel and energy-related activities, 100 million kg CO2e from upstream transportation and distribution, and 600 million kg CO2e from downstream transportation and distribution.
Tenaris is committed to achieving carbon neutrality, with a long-term objective of net-zero carbon emissions across all scopes by 2050. As a medium-term target, Tenaris aims to reduce the CO2 equivalent intensity of its tubular operations by 30% by 2030, using a 2018 baseline. This target encompasses Scope 1, Scope 2, and Scope 3 emissions, specifically including raw materials (Category 1) and intermill transportation (Category 4). The company is also investing in reducing Scope 1 and Scope 2 emissions intensity by using renewable energy at its facilities globally.
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
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.
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