In 2024, 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) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
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In 2024, the total operational greenhouse gas (GHG) emissions of Tenaris amounted to 3,100,000 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). a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Tenaris decreased by 3.13%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a
In 2024, the total Scope 1 emissions of Tenaris were 2,000,000 metric tons of CO₂ equivalent (tCO₂e). a
Since 2018, Tenaris's Scope 1 emissions have decreased by 4.76%, reflecting a declining long-term trend in Scope 1 emissions over time. a
Compared to the previous year (2023), Tenaris's Scope 1 emissions decreased by 4.76%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a
In 2024, Tenaris reported Scope 2 greenhouse gas (GHG) emissions of 900,000 tCO₂e using the market-based method and 1,100,000 tCO₂e using the location-based method. a
Compared to the previous year (2023), 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. a
In 2024, Tenaris reported its Scope 2 emissions using the market-based method and using the location-based method. a
In 2024, Tenaris reported 4,500,000 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a
The 2024 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 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year. a
In 2024, Tenaris reported total Scope 3 emissions of 4,500,000 metric tons of CO₂ equivalent (tCO₂e). a
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. a
Since 2018, Tenaris's Scope 3 emissions have increased by 32.35%, reflecting a rising long-term trend in Scope 3 emissions over time. a b
Compared to the previous year (2023), Tenaris's Scope 3 emissions remained relatively stable, indicating that Tenaris 's emissions have plateaued with no significant change in its value chain footprint. a
In 2024, Tenaris reported emissions for 4 out of the 15 Scope 3 categories defined by the GHG Protocol. a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
In 2024, the largest contributors to Tenaris's Scope 3 emissions were: a
In 2024, Tenaris reported Scope 1 greenhouse gas (GHG) emissions of 2,000,000 tCO₂e and total revenues of USD 10,717 millions. This translates into an emissions intensity of 186.62 tCO₂e per millions USD. a
In 2024, Tenaris reported a Scope 1 emissions intensity of 186.62 tCO₂e per millions USD. Compared to the peer group median of 14.58 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a
In 2024, Tenaris ranked 22 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
This places Tenaris among the least efficient performers, with one of the highest emissions intensities in its sector. a
In 2024, Tenaris reported a total carbon footprint of 7,600,000 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 5% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output. a
The largest contributor to Tenaris's total carbon footprint was Scope 3 emissions, accounting for 59.21% of the company's total carbon footprint, followed by Scope 1 emissions at 26.32%. a