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.
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.
Tenaris's 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. “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,” highlights Tenaris Chairman & CEO Paolo Rocca, in the opening letter of the recently released 2023 Sustainability Report.
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, Tenaris 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.
To read more about Tenaris’s commitment, actions, and performance, click here and access the 2023 Sustainability Report.
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