Tubacex

Tubacex, headquartered in Spain and operating in the Gas/Diesel Oil industry, has disclosed its carbon emissions and climate commitments.

In 2025, Tubacex reported Scope 1 and 2 market-based emissions of 55,391,000 kg CO2e. For 2024, the company's Scope 1 and 2 market-based emissions were 62,435,000 kg CO2e.

Looking back to 2023, Tubacex reported Scope 1 emissions of 48,612,000 kg CO2e and Scope 2 emissions (from purchased electricity) of 14,506,000 kg CO2e. Their Scope 3 emissions for 2023 included 296,390,000 kg CO2e from purchased goods and services, 32,378,000 kg CO2e from capital goods, 26,957,000 kg CO2e from fuel and energy-related activities, 6,748,000 kg CO2e from upstream transportation and distribution, 3,000,000 kg CO2e from processing of sold products, 311,000 kg CO2e from business travel, and 95,000 kg CO2e from waste generated in operations.

For 2022, Tubacex's total emissions were approximately 332,642,000 kg CO2e, comprising 54,811,000 kg CO2e in Scope 1, 16,361,000 kg CO2e in Scope 2, and 261,470,000 kg CO2e in Scope 3. In 2021, their total emissions were about 216,394,000 kg CO2e, with 28,157,000 kg CO2e from Scope 1, 18,108,000 kg CO2e from Scope 2, and 170,129,000 kg CO2e from Scope 3.

In 2020, Scope 1 emissions were 42,344,000 kg CO2e, Scope 2 emissions were 14,118,000 kg CO2e, and Scope 3 emissions were 148,885,000 kg CO2e. For 2019, Tubacex reported Scope 1 and 2 market-based emissions of 140,130,000 kg CO2e. In 2018, Scope 1 emissions were 53,589,000 kg CO2e, Scope 2 emissions were 34,598,000 kg CO2e, and Scope 3 emissions amounted to 526,560,000 kg CO2e.

Tubacex has set ambitious climate commitments. They signed up to the Science Based Targets initiative (SBTi) in December 2020, demonstrating a commitment to reduce greenhouse gas emissions by 2030 and achieve net-zero emissions by 2050 with an ambition level of 1.5°C.

Specifically, Tubacex commits to reduce absolute Scope 1 and 2 GHG emissions by 64.32% by 2030 from a 2019 base year. They also aim to reduce Scope 3 GHG emissions by 55.40% per EUR value added within the same timeframe. Separately, another SBTi target indicates a commitment to reduce Scope 1 and 2 GHG emissions by 59% per ton of steel sold by 2030 from a 2019 base year, and Scope 3 GHG emissions by 30% per ton of steel sold within the same timeframe. The company also has a near-term document reduction target to reduce Scope 3 emissions by 3% by 2030 from a 2023 base year.