Tubacex SA

Common Name
Tubacex
Country
Spain
Sector
Basic Materials
Industry
Steel
Employees
2,578
Ticker
TUB
Exchange
BOLSA DE MADRID
Description
Tubacex S.A. is a global leader in the manufacturing of seamless stainless steel and high-nickel alloy tubular solutions. Established in 1963 and headquartered in Llodio, Spain, Tubacex specializes in...

Tubacex EU Taxonomy Data Preview

In 2023, 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.

Metric (tonnes)2024202320222021 - 2017
Total Taxonomy Aligned A1 Turnover
0000000
Copy restricted. Please purchase to unlock this data.
Copy restricted. Please purchase to unlock this data.
0000000
Total Taxonomy Eligible A Turnover
0000000
Copy restricted. Please purchase to unlock this data.
Copy restricted. Please purchase to unlock this data.
0000000
Total Taxonomy Non-Eligible B Turnover
0000000
Copy restricted. Please purchase to unlock this data.
Copy restricted. Please purchase to unlock this data.
0000000
Metric (tonnes)2024202320222021 - 2017
Total Taxonomy Aligned A1 Opex
0000000
Copy restricted. Please purchase to unlock this data.
Copy restricted. Please purchase to unlock this data.
0000000
Total Taxonomy Eligible A Opex
0000000
Copy restricted. Please purchase to unlock this data.
Copy restricted. Please purchase to unlock this data.
0000000
Total Taxonomy Non-Eligible B Opex
0000000
Copy restricted. Please purchase to unlock this data.
Copy restricted. Please purchase to unlock this data.
0000000
Metric (tonnes)2024202320222021 - 2017
Total Taxonomy Aligned A1 Capex
0000000
Copy restricted. Please purchase to unlock this data.
Copy restricted. Please purchase to unlock this data.
0000000
Total Taxonomy Eligible A Capex
0000000
Copy restricted. Please purchase to unlock this data.
Copy restricted. Please purchase to unlock this data.
0000000
Total Taxonomy Non-Eligible B Capex
0000000
Copy restricted. Please purchase to unlock this data.
Copy restricted. Please purchase to unlock this data.
0000000

This table provides a simplified preview of selected EU Taxonomy 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 Tubacex's Revenues from Sustainable Activities

In 2023, Tubacex reported EU Taxonomy-eligible revenues of EUR 92.18 million, representing 10.81% of its total turnover. Of this amount, EUR 92.19 million of Tubacex's revenues was classified as EU Taxonomy-aligned, indicating that 10.81% 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).

Tubacex's Taxonomy-Eligible Turnover Over Time

2021202220230%3%6%9%12%% Taxonomy-Eligible turnover
  • 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 (2022), Tubacex's taxonomy-aligned revenues decreased by 3.48% , suggesting that Tubacex may have deprioritized sustainable activities, shifted focus away from green offerings, or reduced transparency in its EU Taxonomy reporting.

How much of Tubacex's revenue is eligible under the EU Taxonomy?

In 2023, Tubacex reported that EUR 92.18 million of its revenue was eligible under the EU Taxonomy, representing 10.81% of the company's total turnover. Of this amount, EUR 92.19 million (10.81% 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.

How much of Tubacex's eligible revenue is aligned with the EU Taxonomy?

In 2023, Tubacex reported that EUR 92.19 million of its revenue was aligned under the EU Taxonomy, representing 10.81% of its total turnover.

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

Total TaxonomyNon-Eligible BTurnover(89.2%)Total TaxonomyAligned A1 Turnover(10.8%)

Tubacex's Contribution to Environmental Objectives

CCMCCAWTRPPCCEBIO0%3%6%9%12%% Taxonomy-Eligible turnover
  • 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 2023, Tubacex reported that its taxonomy-aligned revenue was distributed across the following EU environmental objectives:

  • Climate Change Mitigation: 10.81%
  • 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 2023, Tubacex reported that EUR 92.14 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 10.81% of the company's total revenue, indicating that Tubacex has a moderate focus on solutions that support climate action through its commercial activities.

Insights into Tubacex's CAPEX from Sustainable Activities

In 2023, Tubacex reported EU Taxonomy-eligible CAPEX of EUR 3.26 million, representing 3.75% of its total CAPEX. Of this amount, EUR 3.26 million of Tubacex's CAPEX was classified as EU Taxonomy-aligned, indicating that 3.75% 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).

Tubacex's Taxonomy-Eligible Capex Over Time

2021202220230%3%6%9%12%% Taxonomy-Eligible capex
  • 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 (2022), Tubacex's taxonomy-aligned CAPEX decreased by 64.95%, suggesting that Tubacex may have scaled back investments in sustainable projects, reprioritized its capital deployment, or reduced transparency in its taxonomy-aligned disclosures.

How much of Tubacex's capital expenditure (CAPEX) is eligible under the EU Taxonomy?

In 2023, Tubacex reported that EUR 3.26 million of its capital expenditure (CAPEX) was eligible under the EU Taxonomy, representing 3.75% of the company's total CAPEX. Of this amount, EUR 3.26 million (3.75% 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).

How much of Tubacex's eligible CAPEX is aligned with the EU Taxonomy?

In 2023, Tubacex reported that EUR 3.26 million of its CAPEX was aligned under the EU Taxonomy, representing 3.75% of its total capital investment.

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

Total TaxonomyNon-Eligible B Capex(96.3%)Total TaxonomyAligned A1 Capex(3.8%)

Tubacex's Contribution to Environmental Objectives

CCMCCAWTRPPCCEBIO0%0.95%1.9%2.85%3.8%% Taxonomy-Eligible capex
  • 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 2023, Tubacex reported that its taxonomy-aligned capital expenditure (CAPEX) was distributed across the following EU environmental objectives:

  • Climate Change Mitigation: 3.75%
  • 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 2023, Tubacex allocated EUR 3.26 million of its CAPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 3.75% of the company's total capital expenditure, indicating that Tubacex has only marginally directed its capital expenditure toward climate-related activities, suggesting limited alignment with climate objectives.

Insights into Tubacex's OPEX from Sustainable Activities

In 2023, Tubacex reported EU Taxonomy-eligible OPEX of EUR 4.84 million, representing 21.28% of its total operating expenses (OPEX). Of this amount, EUR 4.85 million of Tubacex's OPEX was classified as EU Taxonomy-aligned, indicating that 21.28% 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).

Tubacex's Taxonomy-Eligible Opex Over Time

2021202220230%6.5%13%19.5%26%% Taxonomy-Eligible opex
  • 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 (2022), Tubacex's taxonomy-aligned OPEX decreased by 15.89%, suggesting that Tubacex may have reduced spending on environmentally sustainable activities, adjusted its operational priorities, or decreased the scope of its taxonomy-related disclosures.

How much of Tubacex's operational expenditure (OPEX) is eligible under the EU Taxonomy?

In 2023, Tubacex reported that EUR 4.84 million of its operational expenditure (OPEX) was eligible under the EU Taxonomy, representing 21.28% of the company's total OPEX. Of this amount, EUR 4.85 million (21.28% 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).

How much of Tubacex's eligible OPEX is aligned with the EU Taxonomy?

In 2023, Tubacex reported that EUR 4.85 million of its OPEX was aligned under the EU Taxonomy, representing 21.28% of its total operational expenditure.

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

Total TaxonomyNon-Eligible B Opex(78.7%)Total TaxonomyAligned A1 Opex(21.3%)

Tubacex's Contribution to Environmental Objectives

CCMCCAWTRPPCCEBIO0%5.5%11%16.5%22%% Taxonomy-Eligible opex
  • 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 2023, Tubacex reported that its taxonomy-aligned operational expenditure (OPEX) was distributed across the following EU environmental objectives:

  • Climate Change Mitigation: 21.28%
  • 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 2023, Tubacex allocated EUR 4.84 million of its OPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 21.28% of the company's total OPEX, indicating that Tubacex is moderately integrating climate considerations into its ongoing operations, with potential to scale up climate-aligned spending.