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 39 is higher than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Tenaris's reported carbon emissions
In 2023, Tenaris reported total carbon emissions of approximately 5,000,000,000 kg CO2e, with emissions distributed across various scopes: 2,100,000,000 kg CO2e from Scope 1, 1,000,000,000 kg CO2e from Scope 2, and 2,900,000,000 kg CO2e from Scope 3. This reflects a commitment to transparency in their emissions reporting, although no specific reduction targets or initiatives have been disclosed. Over the years, Tenaris has shown fluctuations in emissions, with a notable total of about 6,200,000,000 kg CO2e in 2019 and 5,900,000,000 kg CO2e in 2020. The company has not established formal reduction targets under the Science Based Targets initiative (SBTi) or other climate pledges, indicating a potential area for future commitment. Tenaris's emissions intensity for tubular operations in 2023 was reported at approximately 1,180 kg CO2e per tonne of steel cast or processed. The company continues to operate within the iron and steel industry, which is known for its significant carbon footprint, highlighting the importance of ongoing efforts to address climate change.
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| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| 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 | 0,000,000,000 | 0,000,000,000 |
| 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 | 0,000,000,000 | 0,000,000,000 |
| 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 | 0,000,000,000 |
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 committed to any reduction initiatives 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.
