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.
+53 vs industry average
Tenaris’s score of 83 is higher than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Steel Reprocessing has below-average carbon intensity
Industry performance
The Steel Reprocessing industry has reduced its overall emissions by 38% since 2019
Emissions trajectory 2020 – 2028
Reported emissions
Scope 3 accounts for ••• of total emissions.
Tenaris's reported carbon emissions
Tenaris, headquartered in Luxembourg, operates within the secondary steel for treatment and re-processing industry. The company has reported its carbon emissions across Scopes 1, 2, and 3 for several years.
In 2025, Tenaris reported total emissions of approximately 6.9 billion kg CO2e. This comprised about 1.9 billion kg CO2e for Scope 1, approximately 800 million kg CO2e for Scope 2 (market-based), and an estimated 4.2 billion kg CO2e for Scope 3. The largest contributors to Scope 3 were purchased goods and services (about 2.8 billion kg CO2e), followed by downstream transportation and distribution (about 600 million kg CO2e).
For 2024, Tenaris's total emissions were approximately 7.4 billion kg CO2e. Scope 1 emissions were around 2 billion kg CO2e, Scope 2 (market-based) at about 900 million kg CO2e, and Scope 3 at approximately 4.5 billion kg CO2e.
In 2023, total emissions stood at about 7.9 billion kg CO2e. Scope 1 accounted for roughly 2.1 billion kg CO2e, Scope 2 (market-based) for approximately 1 billion kg CO2e, and Scope 3 for around 4.8 billion kg CO2e.
Looking at prior years, Tenaris reported total emissions of approximately 7.6 billion kg CO2e in 2022, with Scope 1 at about 2.1 billion kg CO2e, Scope 2 at 1.1 billion kg CO2e, and Scope 3 at approximately 3.3 billion kg CO2e. In 2021, total emissions were around 5.4 billion kg CO2e (Scope 1: 1.9 billion kg CO2e, Scope 2: 900 million kg CO2e, Scope 3: 2.6 billion kg CO2e). In 2020, total emissions were approximately 3.7 billion kg CO2e (Scope 1: 1.2 billion kg CO2e, Scope 2: 600 million kg CO2e, Scope 3: 1.9 billion kg CO2e). For 2019, total emissions were around 6.1 billion kg CO2e (Scope 1: 1.8 billion kg CO2e, Scope 2: 1 billion kg CO2e, Scope 3: 3.3 billion kg CO2e). In 2018, total emissions amounted to approximately 7.7 billion kg CO2e (Scope 1: 2.1 billion kg CO2e, Scope 2: 1.1 billion kg CO2e, Scope 3: 4.4 billion kg CO2e). Emissions for 2017 were approximately 3.51 billion kg CO2e (Scope 1: 1.51 billion kg CO2e, Scope 2: 860 million kg CO2e, Scope 3: 1.32 billion kg CO2e), and in 2016, they were around 4.04 billion kg CO2e (Scope 1: 1.99 billion kg CO2e, Scope 2: 950 million kg CO2e, Scope 3: 1.1 billion kg CO2e). For 2015, total emissions were approximately 3.69 billion kg CO2e (Scope 1: 1.71 billion kg CO2e, Scope 2: 1.08 billion kg CO2e, Scope 3: 900 million kg CO2e).
Tenaris has established several climate commitments. The company aims to achieve carbon neutrality by 2050, encompassing all scopes. As a step towards this long-term objective, Tenaris has set near-term targets for emissions reduction. Specifically, it aims for a 30% reduction in Scope 1 emissions by 2030 from a 2020 baseline and a 30% reduction in Scope 2 emissions by 2030 from the same baseline. Furthermore, Tenaris is working to reduce the CO2 intensity of its operations. This includes a target to reduce the CO2 intensity in steelmaking sites by 8% by 2024 compared to 2016 levels, and a 30% reduction in the CO2-eq intensity of its tubular operations by 2030 from 2018 levels, considering scopes 1, 2, and specific Scope 3 categories. Tenaris also plans to become carbon neutral as soon as technology and market conditions allow. The company is investing in renewable energy to reduce its Scope 2 emissions intensity.
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Tenaris’s Climate Goals (2030 & 2050)
14 goals2050
We aim to achieve carbon neutrality by 2050
We aim to achieve carbon neutrality by 2050.
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.
See all 14 climate goals
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Scope 3 top emissions categories
4 of 15 categories disclosedSee all scope 3 categories
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Emissions comparison with industry peers
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Tenaris
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