Tenova S.p.A. Sustainability Profile
Tenova S.p.A., a leading global provider of innovative solutions for the metals and mining industries, is headquartered in Italy. Founded in 2003, the company has rapidly established itself as a key player in the sector, with a strong presence in Europe, Asia, and the Americas. Tenova's core business areas include advanced technologies for steelmaking, non-ferrous metals, and mining processes, offering unique products such as electric arc furnaces and innovative material handling systems. With a commitment to sustainability and efficiency, Tenova has achieved notable milestones, including the development of energy-efficient solutions that significantly reduce environmental impact. The company’s market position is reinforced by its extensive portfolio of cutting-edge technologies and a reputation for excellence, making it a trusted partner for clients seeking to enhance productivity and sustainability in their operations.
DitchCarbon Score
How does Tenova S.p.A.'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 Iron and Steel Production 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
Tenova S.p.A.'s score of 22 is higher than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Tenova S.p.A.'s reported carbon emissions
In 2024, Tenova S.p.A. reported total carbon emissions of approximately 1,836,000 kg CO2e for Scope 1 and about 4,749,000 kg CO2e for Scope 2 (market-based). This reflects a significant increase in emissions compared to 2023, where Scope 1 emissions were about 247,700 kg CO2e and Scope 2 emissions were approximately 1,160,100 kg CO2e (market-based). Tenova has set ambitious climate commitments, aiming for net zero emissions by 2050 across both Scope 1 and Scope 2 emissions. In the near term, the company targets a reduction of 450 tonnes CO2e in Scope 2 emissions (market-based) by 2024, which represents a 26% reduction from previous levels. The emissions data for Tenova is cascaded from its parent company, reflecting its status as a current subsidiary. The company has not disclosed any Scope 3 emissions data, indicating a focus on direct and indirect emissions from its operations and energy use. Overall, Tenova's commitment to reducing its carbon footprint aligns with industry standards and reflects a proactive approach to addressing climate change.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 438,700 | 000,000 | 000,000 | 0,000,000 |
| Scope 2 | 1,725,500 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - |
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Tenova S.p.A.'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Tenova S.p.A. has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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