April 2024 | Tenaris has been recognized as a worldsteel Sustainability Champion for the seventh consecutive year, underscoring the company’s commitment to promoting sustainability within the global steel industry.
The Tenaris sustainability journey is guided by its industrial values and features a strong commitment to decarbonizing its operations, aiming to reduce CO₂ emissions by 30 percent by 2030, compared to 2018 levels.
Tenaris Chairman & CEO Paolo Rocca, highlighted in the opening letter of the recently released 2023 Sustainability Report:
“We made a significant advance in our decarbonization program, when, after a USD 200 million investment, we successfully put into operation our first wind farm in Argentina and are now moving forward with a similar investment to build a second one.”
In line with its sustainability goals, Tenaris has allocated around 30% of its capital expenditure to projects contributing to reducing carbon emissions and other environmental objectives. These include investments in renewable energy, energy efficiency improvements, and air quality enhancements across its global operations.
This year, the company has been recognized alongside other industry leaders, including Ternium, ArcelorMittal, BlueScope Steel Limited, China Steel Corporation (CSC), HBIS Group Co. Ltd., JFE Steel Corporation, JSW Steel Limited, POSCO Holdings, Tata Steel and voestalpine AG.
More information about the commitment, actions, and performance of Tenaris can be found at the company’s 2023 Sustainability Report.
Background
Tenaris is among the leading manufacturers of pipes and related services for the world’s energy industry and certain other industrial applications. The manufacturing system integrates steelmaking, pipe rolling and forming, heat treatment, threading and finishing across 16 countries. 29,000 employees are working in the offices and manufacturing facilities across the world. Tenaris also has an R&D network focused on enhancing the product portfolio and improving production processes.
Worldsteel is an international industrial association representing steel producers globally. Its sustainability champion program recognizes steel companies demonstrating exceptional leadership in sustainability across key performance indicators. These include material efficiency, environmental management systems, lost time injury frequency rates, employee training, investment in new processes and products, and economic value distributed.