Tubacex, S.A. is a leading Spanish manufacturer specializing in the production, distribution, and sale of seamless stainless steel tubes and pipes, along with corrosion-resistant alloys and precision ... Tubacex, S.A. is a leading Spanish manufacturer specializing in the production, distribution, and sale of seamless stainless steel tubes and pipes, along with corrosion-resistant alloys and precision machining services. The company operates a fully vertically integrated value chain, from metallurgy research and development through steelmaking, engineering, and installation of high-value-added industrial solutions tailored for the energy and mobility sectors. It excels in demanding applications for oil & gas, energy generation, low-carbon technologies like hydrogen and carbon capture, aerospace, and precision tubing, ensuring performance under extreme temperatures, pressures, and corrosive conditions. With production facilities in 13 countries across four continents—including Spain, the United States, Italy, India, and Norway—and service centers in over 30 nations, Tubacex, S.A. maintains a global footprint close to key markets. Renowned for its sustainability efforts, it holds top ratings such as an 'A-' from the Carbon Disclosure Project for climate leadership and Science Based Targets validation, committing to 60% greenhouse gas reductions by 2030 and net zero by 2050. Employing around 2,769 people and listed since 1970, the firm upholds exemplary corporate governance, positioning it as a resilient player in the iron and steel industry.
In 2024, Tubacex 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.
Tubacex has also provided an activity-level breakdown of its EU Taxonomy disclosures. This granular reporting enhances transparency around which economic activities of Tubacex 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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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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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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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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Limited Data Preview
You are viewing a limited preview of Tubacex’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 2021.
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Verified Sources Behind Tubacex’s EU Taxonomy Data
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a. Tubacex's Non-financial report 2024
b. Tubacex's Non-financial report 2023
c. Tubacex's Non-financial report 2022
Insights into Tubacex's Revenues from Sustainable Activities
In 2024, Tubacex reported EU Taxonomy-eligible revenues of EUR 84.45 million, representing 11% of its total turnover. Of this amount, EUR 84.45 million of Tubacex's revenues was classified as EU Taxonomy-aligned, indicating that 11% 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
Tubacex's Taxonomy-Eligible Turnover Over Time
Total Taxonomy Aligned A1 Turnover
Total Taxonomy Eligible but Not Aligned A2 Turnover
Have Tubacex's revenues become more sustainable over time?
Compared to the previous year (2023), Tubacex's taxonomy-aligned revenues increased by 1.76%,highlighting Tubacex's deeper integration of environmentally sustainable activities into its core business model, or improved classification and reporting of those activities under the EU Taxonomy.a, b
How much of Tubacex's revenue is eligible under the EU Taxonomy?
In 2024, Tubacex reported that EUR 84.45 million of its revenue was eligible under the EU Taxonomy, representing 11% of the company's total turnover. Of this amount, EUR 84.45 million (11% of total revenue) was classified as Taxonomy-aligned. This means that 0% of Tubacex'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 Tubacex's eligible revenue is aligned with the EU Taxonomy?
In 2024, Tubacex reported that EUR 84.45 million of its revenue was aligned under the EU Taxonomy, representing 11% of its total turnover.a
This moderate level of alignment indicates that Tubacex has begun shifting toward more sustainable operations but still has considerable room to enhance its green offerings.
Tubacex's Eligibility & Alignment Overview
Tubacex's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Turnover
Total Taxonomy Eligible but Not Aligned A2 Turnover
How is Tubacex's taxonomy-aligned revenue distributed across the EU environmental objectives?
In 2024, Tubacex reported that its taxonomy-aligned revenue was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 11%
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 Tubacex earn from selling climate-related solutions ?
In 2024, Tubacex reported that EUR 84.43 million 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 11% of the company's total revenue,indicating that Tubacexhas a moderate focuson solutions that support climate action through its commercial activities.a
Insights into Tubacex's CAPEX from Sustainable Activities
In 2024, Tubacex reported EU Taxonomy-eligible CAPEX of EUR 2.79 million,representing 4.42% of its total CAPEX. Of this amount, EUR 2.79 million of Tubacex's CAPEX was classified as EU Taxonomy-aligned, indicating that 4.42% 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
Tubacex's Taxonomy-Eligible Capex Over Time
Total Taxonomy Aligned A1 Capex
Total Taxonomy Eligible but Not Aligned A2 Capex
Have Tubacex's increased its investment in sustainable activities over time?
Compared to the previous year (2023), Tubacex's taxonomy-aligned CAPEX increased by 17.87%,highlighting Tubacex'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 Tubacex's capital expenditure (CAPEX) is eligible under the EU Taxonomy?
In 2024, Tubacex reported that EUR 2.79 million of its capital expenditure (CAPEX) was eligible under the EU Taxonomy, representing 4.42% of the company's total CAPEX. Of this amount, EUR 2.79 million (4.42% of total CAPEX) was classified as Taxonomy-aligned. This means that 0% of Tubacex'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 Tubacex's eligible CAPEX is aligned with the EU Taxonomy?
In 2024, Tubacex reported that EUR 2.79 million of its CAPEX was aligned under the EU Taxonomy, representing 4.42% of its total capital investment.a
This low alignment reflects that Tubacex is beginning to transition its capital allocation toward greener investments, but still retains substantial opportunities for further alignment with sustainability goals.
Tubacex's Eligibility & Alignment Overview
Tubacex's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Capex
Total Taxonomy Eligible but Not Aligned A2 Capex
How is Tubacex's taxonomy-aligned CAPEX distributed across the EU environmental objectives?
In 2024, Tubacex reported that its taxonomy-aligned capital expenditure (CAPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 4.42%
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 Tubacex is investing in climate-related solutions?
In 2024, Tubacex allocated EUR 2.79 million of its CAPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 4.42% of the company's total capital expenditure,indicating that Tubacexhas only marginally directed its capital expenditure toward climate-related activities, suggesting limited alignment with climate objectives.a
Insights into Tubacex's OPEX from Sustainable Activities
In 2024, Tubacex reported EU Taxonomy-eligible OPEX of EUR 6.42 million,representing 24.1% of its total operating expenses (OPEX). Of this amount, EUR 6.42 million of Tubacex's OPEX was classified as EU Taxonomy-aligned, indicating that 24.1% 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
Tubacex's Taxonomy-Eligible Opex Over Time
Total Taxonomy Aligned A1 Opex
Total Taxonomy Eligible but Not Aligned A2 Opex
Have Tubacex's increased its spending in sustainable activities over time?
Compared to the previous year (2023), Tubacex's taxonomy-aligned OPEX increased by 13.25%,highlighting Tubacex's growing commitment to funding sustainable operations or improving how such expenses are classified and reported under the EU Taxonomy.a, b
How much of Tubacex's operational expenditure (OPEX) is eligible under the EU Taxonomy?
In 2024, Tubacex reported that EUR 6.42 million of its operational expenditure (OPEX) was eligible under the EU Taxonomy, representing 24.1% of the company's total OPEX. Of this amount, EUR 6.42 million (24.1% of total OPEX) was classified as Taxonomy-aligned. This means that 0% of Tubacex'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 Tubacex's eligible OPEX is aligned with the EU Taxonomy?
In 2024, Tubacex reported that EUR 6.42 million of its OPEX was aligned under the EU Taxonomy, representing 24.1% of its total operational expenditure.a
This moderate level of alignment indicates that Tubacex is beginning to shift operational priorities toward greener practices, with room for deeper integration.
Tubacex's Eligibility & Alignment Overview
Tubacex's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Opex
Total Taxonomy Eligible but Not Aligned A2 Opex
How is Tubacex's taxonomy-aligned OPEX distributed across the EU environmental objectives?
In 2024, Tubacex reported that its taxonomy-aligned operational expenditure (OPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 24.1%
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 Tubacex's operational budget supports climate-related solutions?
In 2024, Tubacex allocated EUR 6.42 million of its OPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 24.1% of the company's total OPEX,indicating that Tubacexis moderately integrating climate considerations into its ongoing operations, with potential to scale up climate-aligned spending.a
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