Tenaris SA

Common Name
Tenaris
Country
Luxembourg
Sector
Energy
Industry
Oil & Gas Equipment & Services
Employees
25,874
Ticker
TEN
Exchange
EURONEXT MILAN
Description
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 GHG Emissions Data Preview

In 2023, Tenaris completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy), and Scope 3 (indirect emissions across the value chain).

Tenaris has also provided a category-level breakdown for 4 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Tenaris's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Tenaris amounted to 3,200,000 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).

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Tenaris's Scope 1 Emissions Over Time

2018201920202021202220230550 k1.1 M1.65 M2.2 MtCO2e-10%-33%+58%+11%0%
  • Total Scope 1
  • Year-over-Year Change

What are Tenaris's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Tenaris were 2,100,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Tenaris reduced its Scope 1 emissions over time?

Since 2018, Tenaris's Scope 1 emissions have increased by 5%, reflecting a rising long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), Tenaris's Scope 1 emissions remained relatively stable, indicating that Tenaris's emissions have plateaued with no significant change in its operational footprint.

What are Tenaris's Scope 2 emissions?

In 2023, Tenaris reported Scope 2 greenhouse gas (GHG) emissions of 1,000,000 tCOâ‚‚e using the market-based method, and 1,100,000 tCOâ‚‚e using the location-based method.

Has Tenaris reduced its Scope 2 emissions over time?

Compared to the previous year (2022), Tenaris's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Tenaris 's emissions have plateaued with no significant change in its energy consumption footprint.

What methodology does Tenaris use for Scope 2 reporting?

In 2023, Tenaris reported its Scope 2 emissions using the market-based method and using the location-based method.

Tenaris's Scope 2 Emissions Over Time

2018201920202021202220230300 k600 k900 k1.2 MtCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Tenaris's Value Chain Emissions

In 2023, Tenaris reported 4,200,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2023 disclosure of Tenaris includes a breakdown across 4 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.

Tenaris's Scope 3 Emissions Over Time

20182019202020212022202301.5 M3 M4.5 M6 MtCO2e-32%-9%+48%+26%+8%
  • Total Scope 3
  • Year-over-Year Change

What are Tenaris's Scope 3 emissions?

In 2023, Tenaris reported total Scope 3 emissions of 4,200,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.

Has Tenaris reduced its Scope 3 emissions over time?

Since 2018, Tenaris's Scope 3 emissions have increased by 23.53%, reflecting a rising long-term trend in Scope 3 emissions over time.

Compared to the previous year (2022), Tenaris's Scope 3 emissions remained relatively stable, indicating that Tenaris 's emissions have plateaued with no significant change in its value chain footprint.

What categories of Scope 3 emissions does Tenaris disclose?

In 2023, Tenaris reported emissions for 4 out of the 15 Scope 3 categories defined by the GHG Protocol.

The limited disclosure restricts visibility into specific emission sources across the company's value chain.

What are the main sources of Tenaris's Scope 3 emissions?

In 2023, the largest contributors to Tenaris's Scope 3 emissions were:

  • Purchased Goods and Services (Cat. 1): 2,900,000 tCOâ‚‚e (69.05%)
  • Downstream Transportation and Distribution (Cat. 9): 800,000 tCOâ‚‚e (19.05%)
  • Fuel- and Energy-Related Services (Cat. 3): 400,000 tCOâ‚‚e (9.52%)

Tenaris's Scope 3 Emissions by Categories

Fuel- andEnergy-RelatedServices (Cat. 3)(9.5%)DownstreamTransportation andDistribution(Cat. 9)(19.0%)Purchased Goods andServices (Cat. 1)(69.0%)

Insights into Tenaris's Total Carbon Footprint

In 2023, Tenaris reported a total carbon footprint of 7,400,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 4.23% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.

The largest contributor to Tenaris's total carbon footprint was Scope 3 emissions, accounting for 56.76% of the company's total carbon footprint, followed by Scope 1 emissions at 28.38%.

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