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)2023202220212020 - 2017
Total Scope 1
Copy restricted. Please purchase to unlock this data.
a
Copy restricted. Please purchase to unlock this data.
a
Copy restricted. Please purchase to unlock this data.
a
0000000
Total Scope 2
Market-Based
Copy restricted. Please purchase to unlock this data.
a
Copy restricted. Please purchase to unlock this data.
Copy restricted. Please purchase to unlock this data.
a
0000000
Location-Based
Copy restricted. Please purchase to unlock this data.
a
Copy restricted. Please purchase to unlock this data.
a
Copy restricted. Please purchase to unlock this data.
0000000
Total Scope 3
Copy restricted. Please purchase to unlock this data.
a
Copy restricted. Please purchase to unlock this data.
b
Copy restricted. Please purchase to unlock this data.
a
0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
Copy restricted. Please purchase to unlock this data.
a
Copy restricted. Please purchase to unlock this data.
a
Copy restricted. Please purchase to unlock this data.
a
0000000
Download Tenaris's GHG Emissions data for free

Create your Tracenable account today and download up to 5 company datasets of your choice for free. No credit card required.

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 Sustainability Report 2023
Trace every data point back to Tenaris’s disclosures

Sign up for Tracenable and access millions of corporate disclosures, including annual reports and sustainability filings from global companies, completely free of charge.

b. Tenaris's Sustainability Report 2022
Trace every data point back to Tenaris’s disclosures

Sign up for Tracenable and access millions of corporate disclosures, including annual reports and sustainability filings from global companies, completely free of charge.

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). a

0

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 CO₂ equivalent (tCO₂e). a

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. a b

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. a

What are Tenaris's Scope 2 emissions?

In 2023, Tenaris reported Scope 2 greenhouse gas (GHG) emissions of 1,000,000 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 (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. a

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. a

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 CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

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. a

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 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 23.53%, reflecting a rising long-term trend in Scope 3 emissions over time. a b

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. a b

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

  • Purchased Goods and Services (Cat. 1): 2,900,000 tCO₂e (69.05%)
  • Downstream Transportation and Distribution (Cat. 9): 800,000 tCO₂e (19.05%)
  • Fuel- and Energy-Related Services (Cat. 3): 400,000 tCO₂e (9.52%)

Tenaris's Scope 3 Emissions by Categories

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

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

In 2023, Tenaris reported Scope 1 greenhouse gas (GHG) emissions of 2,100,000 tCO₂e and total revenues of USD 14,869 millions. This translates into an emissions intensity of 141.23 tCO₂e per millions USD. a

Tenaris's Scope 1 Emissions Intensity Compared to Peers

1002,00050,0001,000,00020,000,000Scope 1 Emissions (tCO2e)1005002,00010,00050,000Revenues (Millions of USD)VCSTechnipFMCYear: 2023Scope 1: 235,263 tCO2eRevenue: $M 7,824Scope 1 Intensity: 30.07 tCO2e/$MSBM OffshoreYear: 2023Scope 1: 489 tCO2eRevenue: $M 4,245Scope 1 Intensity: 0.12 tCO2e/$MDialog GroupYear: 2024Scope 1: 8,722 tCO2eRevenue: $M 668Scope 1 Intensity: 13.05 tCO2e/$MVVViridienYear: 2024Scope 1: 2,165 tCO2eRevenue: $M 1,040Scope 1 Intensity: 2.08 tCO2e/$MCCCIMC Enric HoldingsYear: 2023Scope 1: 31,353 tCO2eRevenue: $M 3,634Scope 1 Intensity: 8.63 tCO2e/$MArchrockYear: 2023Scope 1: 17,663 tCO2eRevenue: $M 990Scope 1 Intensity: 17.84 tCO2e/$MChina Oilfield ServicesYear: 2023Scope 1: 1,182,609 tCO2eRevenue: $M 6,206Scope 1 Intensity: 190.55 tCO2e/$MSubsea 7Year: 2023Scope 1: 656,624 tCO2eRevenue: $M 5,974Scope 1 Intensity: 109.92 tCO2e/$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: $M 464Scope 1 Intensity: 3.99 tCO2e/$MWorleyYear: 2023Scope 1: 22,334 tCO2eRevenue: $M 7,546Scope 1 Intensity: 2.96 tCO2e/$MBaker HughesYear: 2023Scope 1: 383,096 tCO2eRevenue: $M 25,506Scope 1 Intensity: 15.02 tCO2e/$MSSSeatriumYear: 2023Scope 1: 74,941 tCO2eRevenue: $M 5,525Scope 1 Intensity: 13.56 tCO2e/$MSBOYear: 2023Scope 1: 4,041 tCO2eRevenue: $M 648Scope 1 Intensity: 6.23 tCO2e/$MNovYear: 2023Scope 1: 135,671 tCO2eRevenue: $M 8,583Scope 1 Intensity: 15.81 tCO2e/$MHalliburtonYear: 2023Scope 1: 3,443,174 tCO2eRevenue: $M 23,018Scope 1 Intensity: 149.59 tCO2e/$MKodiak Gas ServicesYear: 2023Scope 1: 20,951 tCO2eRevenue: $M 850Scope 1 Intensity: 24.64 tCO2e/$MTenarisYear: 2023Scope 1: 2,100,000 tCO2eRevenue: $M 14,869Scope 1 Intensity: 141.23 tCO2e/$M

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

In 2023, Tenaris reported a Scope 1 emissions intensity of 141.23 tCO₂e per millions USD. Compared to the peer group median of 15.41, 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 2023, Tenaris ranked 16 out of 18 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 2023, Tenaris reported a total carbon footprint of 7,400,000 metric tons of CO₂ equivalent (tCO₂e) 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. a b

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%. a

Want Full Access to Tenaris's GHG Emissions Dataset?
Sign Up