Tubos Reunidos, S.A. is a Spanish steel manufacturer specializing in the production of seamless steel pipes and tubes since its founding in 1892. Headquartered in Amurrio, the company operates two mil... Tubos Reunidos, S.A. is a Spanish steel manufacturer specializing in the production of seamless steel pipes and tubes since its founding in 1892. Headquartered in Amurrio, the company operates two mills in Araba/Álava, producing hot-rolled and cold-drawn seamless carbon steel, alloy, stainless steel, and high-nickel alloy products from steel slabs. It serves critical sectors including oil and gas (upstream, midstream, downstream), chemical and petrochemical, power generation, automotive, mechanical engineering, heat transfer, and construction industries. Notable offerings include premium and semi-premium connectors for natural gas and oil wells, as well as storage solutions for carbon, hydrogen, and other fluids, alongside innovative WearKnot drilling equipment. Tubos Reunidos maintains a global presence, exporting to over 100 countries across five continents with key markets in Europe, the United States, and regions like Saudi Arabia, Mexico, and South Korea; more than a third of revenue derives from Europe and the US. Employing around 1,400 people, it emphasizes advanced R&D, environmental commitment, and net-zero carbon emission tubes from recycled materials, solidifying its role in the materials sector for energy transition and industrial applications.
In 2024, Tubos Reunidos 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.
Tubos Reunidos has also provided an activity-level breakdown of its EU Taxonomy disclosures. This granular reporting enhances transparency around which economic activities of Tubos Reunidos 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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Limited Data Preview
You are viewing a limited preview of Tubos Reunidos’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 2022.
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Verified Sources Behind Tubos Reunidos’s EU Taxonomy 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 Tubos Reunidos’s data sources below and access millions more through our Disclosure Search.
a. Tubos Reunidos's Non-financial report 2024
b. Tubos Reunidos's Financial Report 2023
c. Tubos Reunidos's Financial Report 2022
Insights into Tubos Reunidos's Revenues from Sustainable Activities
In 2024, Tubos Reunidos reported EU Taxonomy-eligible revenues of EUR 173.20 billion, representing 53.5% of its total turnover. Of this amount, EUR 160.03 billion of Tubos Reunidos's revenues was classified as EU Taxonomy-aligned, indicating that 49.4% 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
Tubos Reunidos's Taxonomy-Eligible Turnover Over Time
Total Taxonomy Aligned A1 Turnover
Total Taxonomy Eligible but Not Aligned A2 Turnover
Have Tubos Reunidos's revenues become more sustainable over time?
Since 2022, Tubos Reunidos's taxonomy-aligned revenues decreased by 17.67%, indicating a long-term decline in environmentally sustainable revenue performance.a, c
Compared to the previous year (2023), Tubos Reunidos's taxonomy-aligned revenues increased by 1.86%,highlighting Tubos Reunidos'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 Tubos Reunidos's revenue is eligible under the EU Taxonomy?
In 2024, Tubos Reunidos reported that EUR 173.20 billion of its revenue was eligible under the EU Taxonomy, representing 53.5% of the company's total turnover. Of this amount, EUR 160.03 billion (49.4% of total revenue) was classified as Taxonomy-aligned. This means that 4.1% of Tubos Reunidos'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 Tubos Reunidos's eligible revenue is aligned with the EU Taxonomy?
In 2024, Tubos Reunidos reported that EUR 160.03 billion of its revenue was aligned under the EU Taxonomy, representing 49.4% of its total turnover.a
This moderate level of alignment indicates that Tubos Reunidos has begun shifting toward more sustainable operations but still has considerable room to enhance its green offerings.
Tubos Reunidos's Eligibility & Alignment Overview
Tubos Reunidos's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Turnover
Total Taxonomy Eligible but Not Aligned A2 Turnover
How is Tubos Reunidos's taxonomy-aligned revenue distributed across the EU environmental objectives?
In 2024, Tubos Reunidos reported that its taxonomy-aligned revenue was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 49.4%
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 Tubos Reunidos earn from selling climate-related solutions ?
In 2024, Tubos Reunidos reported that EUR 160.04 billion 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 49.4% of the company's total revenue,indicating that Tubos Reunidoshas a moderate focuson solutions that support climate action through its commercial activities.a
Insights into Tubos Reunidos's CAPEX from Sustainable Activities
In 2024, Tubos Reunidos reported EU Taxonomy-eligible CAPEX of EUR 3.32 billion,representing 24.7% of its total CAPEX. Of this amount, EUR 2.98 billion of Tubos Reunidos's CAPEX was classified as EU Taxonomy-aligned, indicating that 22% 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
Tubos Reunidos's Taxonomy-Eligible Capex Over Time
Total Taxonomy Aligned A1 Capex
Total Taxonomy Eligible but Not Aligned A2 Capex
Have Tubos Reunidos's increased its investment in sustainable activities over time?
Since 2022, Tubos Reunidos's taxonomy-aligned capital expenditure (CAPEX)decreased by 44.02%,indicating a long-term decline in green capital deployment, potentially signaling shifting priorities or reduced focus on sustainability-linked investments.a, c
Compared to the previous year (2023), Tubos Reunidos's taxonomy-aligned CAPEX decreased by 47.62%,suggesting that Tubos Reunidos may have scaled back investments in sustainable projects, reprioritized its capital deployment, or reduced transparency in its taxonomy-aligned disclosures.a, b
How much of Tubos Reunidos's capital expenditure (CAPEX) is eligible under the EU Taxonomy?
In 2024, Tubos Reunidos reported that EUR 3.32 billion of its capital expenditure (CAPEX) was eligible under the EU Taxonomy, representing 24.7% of the company's total CAPEX. Of this amount, EUR 2.98 billion (22% of total CAPEX) was classified as Taxonomy-aligned. This means that 2.5% of Tubos Reunidos'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 Tubos Reunidos's eligible CAPEX is aligned with the EU Taxonomy?
In 2024, Tubos Reunidos reported that EUR 2.98 billion of its CAPEX was aligned under the EU Taxonomy, representing 22% of its total capital investment.a
This moderate level of alignment indicates that Tubos Reunidos is beginning to transition its capital allocation toward greener investments, but still retains substantial opportunities for further alignment with sustainability goals.
Tubos Reunidos's Eligibility & Alignment Overview
Tubos Reunidos's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Capex
Total Taxonomy Eligible but Not Aligned A2 Capex
How is Tubos Reunidos's taxonomy-aligned CAPEX distributed across the EU environmental objectives?
In 2024, Tubos Reunidos reported that its taxonomy-aligned capital expenditure (CAPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 22.2%
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 Tubos Reunidos is investing in climate-related solutions?
In 2024, Tubos Reunidos allocated EUR 2.99 billion of its CAPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 22.2% of the company's total capital expenditure,indicating that Tubos Reunidosis moderately allocating capital toward climate-aligned initiatives, while maintaining a diversified investment portfolio.a
Insights into Tubos Reunidos's OPEX from Sustainable Activities
In 2024, Tubos Reunidos reported EU Taxonomy-eligible OPEX of EUR 8.29 billion,representing 22.1% of its total operating expenses (OPEX). Of this amount, EUR 8.29 billion of Tubos Reunidos's OPEX was classified as EU Taxonomy-aligned, indicating that 22.1% 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
Tubos Reunidos's Taxonomy-Eligible Opex Over Time
Total Taxonomy Aligned A1 Opex
Total Taxonomy Eligible but Not Aligned A2 Opex
Have Tubos Reunidos's increased its spending in sustainable activities over time?
Since 2022, Tubos Reunidos's taxonomy-aligned operating expenditure (OPEX)decreased by 22.18%,indicating a long-term decline in sustainability-related operational spending, which may reflect shifting priorities or reduced emphasis on green initiatives.a, c
Compared to the previous year (2023), Tubos Reunidos's taxonomy-aligned OPEX increased by 1.38%,highlighting Tubos Reunidos'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 Tubos Reunidos's operational expenditure (OPEX) is eligible under the EU Taxonomy?
In 2024, Tubos Reunidos reported that EUR 8.29 billion of its operational expenditure (OPEX) was eligible under the EU Taxonomy, representing 22.1% of the company's total OPEX. Of this amount, EUR 8.29 billion (22.1% of total OPEX) was classified as Taxonomy-aligned. This means that 0% of Tubos Reunidos'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 Tubos Reunidos's eligible OPEX is aligned with the EU Taxonomy?
In 2024, Tubos Reunidos reported that EUR 8.29 billion of its OPEX was aligned under the EU Taxonomy, representing 22.1% of its total operational expenditure.a
This moderate level of alignment indicates that Tubos Reunidos is beginning to shift operational priorities toward greener practices, with room for deeper integration.
Tubos Reunidos's Eligibility & Alignment Overview
Tubos Reunidos's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Opex
Total Taxonomy Eligible but Not Aligned A2 Opex
How is Tubos Reunidos's taxonomy-aligned OPEX distributed across the EU environmental objectives?
In 2024, Tubos Reunidos reported that its taxonomy-aligned operational expenditure (OPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 22.1%
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 Tubos Reunidos's operational budget supports climate-related solutions?
In 2024, Tubos Reunidos allocated EUR 8.29 billion of its OPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 22.1% of the company's total OPEX,indicating that Tubos Reunidosis moderately integrating climate considerations into its ongoing operations, with potential to scale up climate-aligned spending.a
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