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 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)2024202320222021 - 2017
Total Scope 1
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0000000
Total Scope 2
Market-Based
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0000000
Location-Based
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a
0000000
Total Scope 3
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Tenaris’s Greenhouse Gas (GHG) Emissions 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
a. Tenaris's Annual Report 2024
b. Tenaris's Sustainability Report 2022
b. Tenaris's Sustainability Report 2022

Insights into Tenaris's Operational Emissions

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

Tenaris's Scope 1 Emissions Over Time

20182019202020212022202320240550 k1.1 M1.65 M2.2 MtCO2e-14%-33%+58%+11%0%-5%
  • Total Scope 1
  • Year-over-Year Change

What are Tenaris's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Tenaris were 2,000,000 metric tons of CO₂ equivalent (tCO₂e). a

Has Tenaris reduced its Scope 1 emissions over time?

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

What are Tenaris's Scope 2 emissions?

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

Has Tenaris reduced its Scope 2 emissions over time?

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

What methodology does Tenaris use for Scope 2 reporting?

In 2024, Tenaris reported its Scope 2 emissions using the market-based method and using the location-based method. a

Tenaris's Scope 2 Emissions Over Time

20182019202020212022202320240300 k600 k900 k1.2 MtCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Tenaris's Value Chain Emissions

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

Tenaris's Scope 3 Emissions Over Time

201820192020202120222023202401.5 M3 M4.5 M6 MtCO2e-32%-9%+48%+42%+9%-6%
  • Total Scope 3
  • Year-over-Year Change

What are Tenaris's Scope 3 emissions?

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

Has Tenaris reduced its Scope 3 emissions over time?

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

What categories of Scope 3 emissions does Tenaris disclose?

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.

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

In 2024, the largest contributors to Tenaris's Scope 3 emissions were: a

  • Purchased Goods and Services (Cat. 1): 3,200,000 tCO₂e (71.11%)
  • Downstream Transportation and Distribution (Cat. 9): 800,000 tCO₂e (17.78%)
  • Fuel- and Energy-Related Services (Cat. 3): 400,000 tCO₂e (8.89%)

Tenaris's Scope 3 Emissions by Categories

Fuel- andEnergy-RelatedServices (Cat. 3)(8.9%)Purchased Goods andServices (Cat. 1)(71.1%)DownstreamTransportation andDistribution(Cat. 9)(17.8%)

Insights into Tenaris’s GHG Emissions Intensity Compared to Industry Peers

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

Tenaris's Scope 1 Emissions Intensity Compared to Peers

1002,00050,000500,00010,000,000Scope 1 Emissions (tCO2e)1005002,00010,000100,000Revenues (Millions of USD)VCSRTechnipFMCYear: 2024Scope 1: 260,348 tCO2eRevenue: $M 9,083Scope 1 Intensity: 28.66 tCO2e/$MTechnip EnergiesYear: 2024Scope 1: 2,158 tCO2eRevenue: $M 6,993Scope 1 Intensity: 0.31 tCO2e/$MVVViridienYear: 2024Scope 1: 2,165 tCO2eRevenue: $M 1,040Scope 1 Intensity: 2.08 tCO2e/$MCCCIMC Enric HoldingsYear: 2024Scope 1: 30,605 tCO2eRevenue: $M 3,708Scope 1 Intensity: 8.25 tCO2e/$MOil States InternationalYear: 2024Scope 1: 18,094 tCO2eRevenue: $M 693Scope 1 Intensity: 26.13 tCO2e/$MArchrockYear: 2023Scope 1: 17,663 tCO2eRevenue: $M 990Scope 1 Intensity: 17.84 tCO2e/$MChina Oilfield ServicesYear: 2023Scope 1: 1,182,609 tCO2eRevenue: $M 6,206Scope 1 Intensity: 190.55 tCO2e/$MFugroYear: 2024Scope 1: 210,000 tCO2eRevenue: $M 2,368Scope 1 Intensity: 88.69 tCO2e/$MSubsea 7Year: 2024Scope 1: 748,000 tCO2eRevenue: $M 6,837Scope 1 Intensity: 109.40 tCO2e/$MLiberty EnergyYear: 2023Scope 1: 2,329,847 tCO2eRevenue: $M 4,748Scope 1 Intensity: 490.71 tCO2e/$MWeatherford InternationalYear: 2023Scope 1: 116,153 tCO2eRevenue: $M 5,135Scope 1 Intensity: 22.62 tCO2e/$MBumi ArmadaYear: 2023Scope 1: 1,850 tCO2eRevenue: $M 464Scope 1 Intensity: 3.99 tCO2e/$MGaztransport et TechnigazYear: 2024Scope 1: 323 tCO2eRevenue: $M 667Scope 1 Intensity: 0.48 tCO2e/$MWorleyYear: 2024Scope 1: 23,963 tCO2eRevenue: $M 7,863Scope 1 Intensity: 3.05 tCO2e/$MBaker HughesYear: 2024Scope 1: 386,367 tCO2eRevenue: $M 27,829Scope 1 Intensity: 13.88 tCO2e/$MExmarYear: 2024Scope 1: 4,073 tCO2eRevenue: $M 297Scope 1 Intensity: 13.70 tCO2e/$MAker SolutionsYear: 2024Scope 1: 11,163 tCO2eRevenue: $M 4,622Scope 1 Intensity: 2.42 tCO2e/$MSSSeatriumYear: 2024Scope 1: 76,013 tCO2eRevenue: $M 6,772Scope 1 Intensity: 11.23 tCO2e/$MMRC GlobalYear: 2023Scope 1: 13,802 tCO2eRevenue: $M 3,412Scope 1 Intensity: 4.05 tCO2e/$MSBOYear: 2023Scope 1: 4,041 tCO2eRevenue: $M 648Scope 1 Intensity: 6.23 tCO2e/$MNovYear: 2024Scope 1: 135,554 tCO2eRevenue: $M 8,870Scope 1 Intensity: 15.28 tCO2e/$MHalliburtonYear: 2024Scope 1: 3,022,264 tCO2eRevenue: $M 22,944Scope 1 Intensity: 131.72 tCO2e/$MRRReach SubseaYear: 2024Scope 1: 46,768 tCO2eRevenue: $M 240Scope 1 Intensity: 195.17 tCO2e/$MKodiak Gas ServicesYear: 2023Scope 1: 20,951 tCO2eRevenue: $M 850Scope 1 Intensity: 24.64 tCO2e/$MTenarisYear: 2024Scope 1: 2,000,000 tCO2eRevenue: $M 10,717Scope 1 Intensity: 186.62 tCO2e/$M

How does Tenaris's GHG emissions intensity compare to its peers?

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

Where does Tenaris rank on GHG emissions intensity within its industry?

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

Insights into Tenaris's Total Carbon Footprint

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

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