Tenaris S.A. is a global manufacturer and supplier of steel pipes and related services primarily catering to the energy industry. With a focus on delivering high-performance solutions, the company pla... Tenaris S.A. is a global manufacturer and supplier of steel pipes and related services primarily catering to the energy industry. With a focus on delivering high-performance solutions, the company plays a pivotal role in oil and gas exploration, ensuring efficient extraction and transportation of hydrocarbons. Tenaris is renowned for its production of seamless and welded steel tubular products, which are essential for drilling, completion, and production activities. It operates across multiple regions, including North America, South America, Europe, and the Middle East, thus demonstrating its extensive market reach. In addition to oil and gas, Tenaris serves industries such as power generation, petrochemicals, and mechanical applications, offering dependable products for various high-demand environments. The company is committed to innovation and sustainability, investing in research and development to enhance the performance and durability of its offerings. With its robust distribution network and strategic focus on safety and quality, Tenaris maintains a significant position in the global steel pipe industry, supporting critical infrastructure and energy requirements worldwide.
In 2024, 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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2021 - 2017
Total Taxonomy Aligned A1 Turnover
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Total Taxonomy Eligible A Turnover
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Total Taxonomy Non-Eligible B Turnover
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3.9 CCM/CCA - Manufacture of iron and steel
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2024
2023
2022
2021 - 2017
Total Taxonomy Aligned A1 Opex
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Total Taxonomy Eligible A Opex
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Total Taxonomy Non-Eligible B 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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2023
2022
2021 - 2017
Total Taxonomy Aligned A1 Capex
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Total Taxonomy Eligible A Capex
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Total Taxonomy Non-Eligible B 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 (A1, A2, A, B, and A+B), 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 2024
b. Tenaris's Sustainability Report 2023
c. Tenaris's Sustainability Report 2022
Insights into Tenaris's Revenues from Sustainable Activities
In 2024, Tenaris reported EU Taxonomy-eligible revenues of USD 11.91 billion, representing 95% of its total turnover. Of this amount, USD 9.83 billion of Tenaris's revenues was classified as EU Taxonomy-aligned, indicating that 79% 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 Aligned A1 Turnover
Total Taxonomy Eligible but Not Aligned A2 Turnover
Have Tenaris's revenues become more sustainable over time?
Since 2022, Tenaris's taxonomy-aligned revenues increased by 29.51%,reflecting a sustained upward trend in environmentally sustainable revenue generation.a, c
Compared to the previous year (2023), Tenaris's taxonomy-aligned revenues remained relatively stable, indicating that Tenaris maintained operational continuity , with no significant changes in the scale of sustainable activities or the coverage of its taxonomy-aligned reporting.a, b
How much of Tenaris's revenue is eligible under the EU Taxonomy?
In 2024, Tenaris reported that USD 11.91 billion of its revenue was eligible under the EU Taxonomy, representing 95% of the company's total turnover. Of this amount, USD 9.83 billion (79% of total revenue) was classified as Taxonomy-aligned. This means that 17% 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 2024, Tenaris reported that USD 9.83 billion of its revenue was aligned under the EU Taxonomy, representing 79% 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 A1 Turnover
Total Taxonomy Eligible but Not Aligned A2 Turnover
How is Tenaris's taxonomy-aligned revenue distributed across the EU environmental objectives?
In 2024, Tenaris reported that its taxonomy-aligned revenue was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 79%
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 2024, Tenaris reported that USD 9.89 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 79% 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 2024, Tenaris reported EU Taxonomy-eligible CAPEX of USD 690.00 million,representing 99% of its total CAPEX. Of this amount, USD 553.00 million of Tenaris's CAPEX was classified as EU Taxonomy-aligned, indicating that 80% 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 Aligned A1 Capex
Total Taxonomy Eligible but Not Aligned A2 Capex
Have Tenaris's increased its investment in sustainable activities over time?
Since 2022, Tenaris's taxonomy-aligned capital expenditure (CAPEX)increased by 35.59%,pointing to a long-term shift toward greater investment in environmentally sustainable activities recognized under the EU Taxonomy.a, c
Compared to the previous year (2023), Tenaris's taxonomy-aligned CAPEX increased by 3.9%,highlighting Tenaris's strengthened commitment to investing in environmentally sustainable activities or improving how such investments are classified and reported under the EU Taxonomy.a, b
How much of Tenaris's capital expenditure (CAPEX) is eligible under the EU Taxonomy?
In 2024, Tenaris reported that USD 690.00 million of its capital expenditure (CAPEX) was eligible under the EU Taxonomy, representing 99% of the company's total CAPEX. Of this amount, USD 553.00 million (80% of total CAPEX) was classified as Taxonomy-aligned. This means that 19% 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 2024, Tenaris reported that USD 553.00 million of its CAPEX was aligned under the EU Taxonomy, representing 80% 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 A1 Capex
Total Taxonomy Eligible but Not Aligned A2 Capex
How is Tenaris's taxonomy-aligned CAPEX distributed across the EU environmental objectives?
In 2024, Tenaris reported that its taxonomy-aligned capital expenditure (CAPEX) 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 Tenaris is investing in climate-related solutions?
In 2024, Tenaris allocated USD 555.20 million of its CAPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 80% 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 2024, Tenaris reported EU Taxonomy-eligible OPEX of USD 498.00 million,representing 96% of its total operating expenses (OPEX). Of this amount, USD 415.00 million of Tenaris's OPEX was classified as EU Taxonomy-aligned, indicating that 80% 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 Aligned A1 Opex
Total Taxonomy Eligible but Not Aligned A2 Opex
Have Tenaris's increased its spending in sustainable activities over time?
Since 2022, Tenaris's taxonomy-aligned operating expenditure (OPEX)increased by 37.93%,pointing to a long-term trend of increased spending on environmentally sustainable operations and services recognized under the EU Taxonomy.a, c
Compared to the previous year (2023), Tenaris's taxonomy-aligned OPEX decreased by 1.23%, suggesting that Tenaris may have reduced spending on environmentally sustainable activities, adjusted its operational priorities, or decreased the scope of its taxonomy-related disclosures.a, b
How much of Tenaris's operational expenditure (OPEX) is eligible under the EU Taxonomy?
In 2024, Tenaris reported that USD 498.00 million of its operational expenditure (OPEX) was eligible under the EU Taxonomy, representing 96% of the company's total OPEX. Of this amount, USD 415.00 million (80% of total OPEX) was classified as Taxonomy-aligned. This means that 16% 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 2024, Tenaris reported that USD 415.00 million of its OPEX was aligned under the EU Taxonomy, representing 80% 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 A1 Opex
Total Taxonomy Eligible but Not Aligned A2 Opex
How is Tenaris's taxonomy-aligned OPEX distributed across the EU environmental objectives?
In 2024, Tenaris reported that its taxonomy-aligned operational expenditure (OPEX) 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 of Tenaris's operational budget supports climate-related solutions?
In 2024, Tenaris allocated USD 414.40 million of its OPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 80% 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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