Tenaris Sustainability Profile
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 Steel Reprocessing 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 77 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Tenaris's reported carbon emissions
In 2024, Tenaris reported total carbon emissions of approximately 7,400,000,000 kg CO2e, with emissions distributed across various scopes: 700 kg CO2e (Scope 1), 900,000,000 kg CO2e (Scope 2 market-based), and 3,400,000,000 kg CO2e (Scope 3). The previous year, 2023, saw total emissions of about 7,900,000,000 kg CO2e, indicating a slight reduction. Tenaris has set ambitious climate commitments, aiming for a 30% reduction in Scope 1 and Scope 2 emissions by 2030 from a 2020 baseline. Additionally, the company is investing in renewable energy to further decrease its Scope 2 emissions intensity. Long-term, Tenaris aims for carbon neutrality by 2050 across all scopes, reflecting a comprehensive approach to climate action. The company has also established a medium-term target to reduce the carbon emissions intensity of its operations by 30% by 2030, compared to a 2018 baseline, which includes Scope 1, Scope 2, and relevant Scope 3 emissions. These initiatives underscore Tenaris's commitment to sustainability and its proactive stance in addressing climate change.
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| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 390 | 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 | 000 | 000 | 000 |
| Scope 2 | 320 | 0,000,000,000 | 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 | 000,000,000 |
| Scope 3 | 560 | 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 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Tenaris's Industry?
How Carbon Intensive is Tenaris's Location?
Tenaris's Scope 3 Categories Breakdown
Tenaris's Scope 3 emissions, which decreased by 8% last year and increased significantly since 2014, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 79% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 94% of Scope 3 emissions.
Top Scope 3 Categories
Tenaris'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.
Tenaris 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.
