Tenaris S.A. is a leading global manufacturer and supplier of steel pipes and related services primarily for the energy industry and various industrial applications. The company produces a comprehensi... Tenaris S.A. is a leading global manufacturer and supplier of steel pipes and related services primarily for the energy industry and various industrial applications. The company produces a comprehensive portfolio of high-quality seamless and welded steel tubular products, including casing and tubing, drill pipe, premium connections, pipe accessories, line pipe for onshore and offshore use, coiled tubing, artificial lift systems, and process and power pipes. Tenaris S.A. also offers specialized solutions such as Rig Direct service for integrated supply chain management, Dopeless technology for premium connections, and products tailored for low-carbon energy applications like hydrogen storage, geothermal wells, and carbon capture. Its offerings extend to industrial, mechanical, and automotive sectors, encompassing tubes for mechanical engineering, civil installations, earth-moving machines, and automotive components such as airbags, steering, and power trains. Organized in Luxembourg and founded in 2001, Tenaris S.A. operates manufacturing facilities worldwide, emphasizing innovation in product technology, industrial processes, safety, quality, and environmental responsibility to serve oil and gas drilling, processing, and emerging sustainable energy needs.
In 2025, Tenaris was subject to the Corporate Sustainability Reporting Directive (CSRD)'s requirements, which mandated the company to publish EU Taxonomy disclosures.
The company reported the eligibility and alignment of Turnover, Capital Expenditure (CAPEX) and Operating Expenditure (OPEX) with the EU Taxonomy, helping assess the extent to which its business activities align with Europe's environmental sustainability goals.
Tenaris has also provided an activity-level breakdown of its EU Taxonomy disclosures. This granular reporting enhances transparency around which economic activities of Tenaris are considered environmentally sustainable and contribute to at least one of the six environmental objectives defined under the EU Taxonomy framework.
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Total Taxonomy Aligned Turnover
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Total Taxonomy Eligible Turnover
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3.9 CCM/CCA - Manufacture of iron and steel
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2024
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2022 - 2017
Total Taxonomy Aligned Opex
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Total Taxonomy Eligible Opex
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3.9 CCM/CCA - Manufacture of iron and steel
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4.3 CCM/CCA - Electricity generation from wind power
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2025
2024
2023
2022 - 2017
Total Taxonomy Aligned Capex
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Total Taxonomy Eligible Capex
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3.9 CCM/CCA - Manufacture of iron and steel
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4.3 CCM/CCA - Electricity generation from wind power
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Limited Data Preview
You are viewing a limited preview of Tenaris’s EU Taxonomy dataset. The full dataset, available for download, includes eligibility and alignment metrics for turnover, CAPEX, and OPEX across all EU Taxonomy categories, at both aggregate and activity level, with historical coverage back to 2022.
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Verified Sources Behind Tenaris’s EU Taxonomy Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Tenaris’s data sources below and access millions more through our Disclosure Search.
a. Tenaris's Annual Report 2025
b. Tenaris's Annual Report 2024
c. Tenaris's Sustainability Report 2023
d. Tenaris's Sustainability Report 2022
Insights into Tenaris's Revenues from Sustainable Activities
In 2025, Tenaris reported EU Taxonomy-eligible revenues of USD 11.38 billion, representing 95% of its total turnover. Of this amount, USD 9.60 billion of Tenaris's revenues was classified as EU Taxonomy-aligned, indicating that 80% of the revenue-generating activities undertaken by the company substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
Tenaris's Taxonomy-Eligible Turnover Over Time
Total Taxonomy Eligible Turnover
Total Taxonomy Aligned Turnover
Have Tenaris's revenues become more sustainable over time?
Since 2022, Tenaris's taxonomy-aligned revenues increased by 31.15%,reflecting a sustained upward trend in environmentally sustainable revenue generation.a, d
Compared to the previous year (2024), Tenaris's taxonomy-aligned revenues increased by 1.27%,highlighting Tenaris's deeper integration of environmentally sustainable activities into its core business model, or improved classification and reporting of those activities under the EU Taxonomy.a, b
How much of Tenaris's revenue is eligible under the EU Taxonomy?
In 2025, Tenaris reported that USD 11.38 billion of its revenue was eligible under the EU Taxonomy, representing 95% of the company's total turnover. Of this amount, USD 9.60 billion (80% of total revenue) was classified as Taxonomy-aligned. This means that 15% of Tenaris's revenue is eligible but not aligned, indicating that these activities did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards.a
How much of Tenaris's eligible revenue is aligned with the EU Taxonomy?
In 2025, Tenaris reported that USD 9.60 billion of its revenue was aligned under the EU Taxonomy, representing 80% of its total turnover.a
This strong alignment suggests that Tenaris has strategically integrated environmentally sustainable activities into its core business model, positioning itself as a leader in the green transition.
Tenaris's Eligibility & Alignment Overview
Tenaris's Contribution to Environmental Objectives
Total Taxonomy Aligned Turnover
How is Tenaris's taxonomy-aligned revenue distributed across the EU environmental objectives?
In 2025, Tenaris reported that its taxonomy-aligned revenue was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 80%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%
How much revenue does Tenaris earn from selling climate-related solutions ?
In 2025, Tenaris reported that USD 9.58 billion of its total revenue was associated with activities contributing to the EU taxonomy climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This accounted for 80% of the company's total revenue,indicating that Tenarisprimarily focuseson solutions that support climate action through its commercial activities.a
Insights into Tenaris's CAPEX from Sustainable Activities
In 2025, Tenaris reported EU Taxonomy-eligible CAPEX of USD 549.13 million,representing 89% of its total CAPEX. Of this amount, USD 443.00 million of Tenaris's CAPEX was classified as EU Taxonomy-aligned, indicating that 72% of the company's investments were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
Tenaris's Taxonomy-Eligible Capex Over Time
Total Taxonomy Eligible Capex
Total Taxonomy Aligned Capex
Have Tenaris's increased its investment in sustainable activities over time?
Since 2022, Tenaris's taxonomy-aligned capital expenditure (CAPEX)increased by 22.03%,pointing to a long-term shift toward greater investment in environmentally sustainable activities recognized under the EU Taxonomy.a, d
Compared to the previous year (2024), Tenaris's taxonomy-aligned CAPEX decreased by 10%,suggesting that Tenaris may have scaled back investments in sustainable projects, reprioritized its capital deployment, or reduced transparency in its taxonomy-aligned disclosures.a, b
How much of Tenaris's capital expenditure (CAPEX) is eligible under the EU Taxonomy?
In 2025, Tenaris reported that USD 549.13 million of its capital expenditure (CAPEX) was eligible under the EU Taxonomy, representing 89% of the company's total CAPEX. Of this amount, USD 443.00 million (72% of total CAPEX) was classified as Taxonomy-aligned. This means that 17% of Tenaris's CAPEX is eligible but not aligned, indicating that these investments either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).a
How much of Tenaris's eligible CAPEX is aligned with the EU Taxonomy?
In 2025, Tenaris reported that USD 443.00 million of its CAPEX was aligned under the EU Taxonomy, representing 72% of its total capital investment.a
This strong alignment suggests that Tenaris is directing a significant portion of its capital investments toward environmentally sustainable assets or activities, reinforcing a strategic focus on long-term sustainability.
Tenaris's Eligibility & Alignment Overview
Tenaris's Contribution to Environmental Objectives
Total Taxonomy Aligned Capex
How is Tenaris's taxonomy-aligned CAPEX distributed across the EU environmental objectives?
In 2025, Tenaris reported that its taxonomy-aligned capital expenditure (CAPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 72%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%
How much Tenaris is investing in climate-related solutions?
In 2025, Tenaris allocated USD 444.24 million of its CAPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 72% of the company's total capital expenditure,indicating that Tenarisis prioritizing climate-focused investments as a central part of its overall capital strategy.a
Insights into Tenaris's OPEX from Sustainable Activities
In 2025, Tenaris reported EU Taxonomy-eligible OPEX of USD 381.90 million,representing 95% of its total operating expenses (OPEX). Of this amount, USD 327.00 million of Tenaris's OPEX was classified as EU Taxonomy-aligned, indicating that 81% of the company's operating expenses were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
Tenaris's Taxonomy-Eligible Opex Over Time
Total Taxonomy Eligible Opex
Total Taxonomy Aligned Opex
Have Tenaris's increased its spending in sustainable activities over time?
Since 2022, Tenaris's taxonomy-aligned operating expenditure (OPEX)increased by 39.66%,pointing to a long-term trend of increased spending on environmentally sustainable operations and services recognized under the EU Taxonomy.a, d
Compared to the previous year (2024), Tenaris's taxonomy-aligned OPEX increased by 1.25%,highlighting Tenaris's growing commitment to funding sustainable operations or improving how such expenses are classified and reported under the EU Taxonomy.a, b
How much of Tenaris's operational expenditure (OPEX) is eligible under the EU Taxonomy?
In 2025, Tenaris reported that USD 381.90 million of its operational expenditure (OPEX) was eligible under the EU Taxonomy, representing 95% of the company's total OPEX. Of this amount, USD 327.00 million (81% of total OPEX) was classified as Taxonomy-aligned. This means that 14% of Tenaris's OPEX is eligible but not aligned, indicating that these expenditures either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).a
How much of Tenaris's eligible OPEX is aligned with the EU Taxonomy?
In 2025, Tenaris reported that USD 327.00 million of its OPEX was aligned under the EU Taxonomy, representing 81% of its total operational expenditure.a
This strong alignment suggests that Tenaris is allocating a significant share of its operating budget to environmentally sustainable activities, signaling a strategic emphasis on day-to-day sustainability performance.
Tenaris's Eligibility & Alignment Overview
Tenaris's Contribution to Environmental Objectives
Total Taxonomy Aligned Opex
How is Tenaris's taxonomy-aligned OPEX distributed across the EU environmental objectives?
In 2025, Tenaris reported that its taxonomy-aligned operational expenditure (OPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 81%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%
How much of Tenaris's operational budget supports climate-related solutions?
In 2025, Tenaris allocated USD 325.62 million of its OPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 81% of the company's total OPEX,indicating that Tenarisis focusing a significant share of its operational spending on supporting climate action through its day-to-day activities.a
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